Consumer borrowing rises sharply in June
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Americans increased their borrowing in June at a much faster pace than expected, with the rise led by higher credit card debt.
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U.S. consumer sentiment rose more than  expected in June, while expectations for future inflation  subsided, a report showed on Friday.
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Consumer prices rose by a slightly  bigger-than-expected 0.2 percent in June on higher food costs  and they were up by the same amount after stripping out  volatile food and energy prices, the Labor Department reported  on Wednesday.
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India's economic growth unexpectedly accelerated during the last quarter on the back of rapid growth in consumer credit and government spending, raising the likelihood that the central bank will raise borrowing costs for the fourth time in a year.
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British house price inflation remained  in double-digits in June and prices in the service sector  accelerated, according to two separate surveys on Wednesday  that reinforced expectations interest rates would go up this  week.
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WASHINGTON -- Consumers increased their spending in July by the largest amount in six months and the back-to-school shopping season got off to a strong start in August, boosting hopes the economy will not stumble into a recession this year.
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Americans increased their borrowing in July at the slowest pace in four months as the gain in credit card debt fell off sharply.
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Applications for home mortgages jumped  to their highest level in nearly four years as low interest  rates led more homeowners to seek refinancing, according to  data from an industry group on Wednesday.
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Consumers increased their borrowing in December at the slowest pace in eight months, additional evidence that economic activity was slowing significantly at the end of last year. For all of 2007, consumer credit rose at the fastest clip in three years.
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Consumers kept charging at a rapid pace on their credit cards in July although their overall borrowing slowed a bit.
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Applications for home mortgages jumped to their highest level in nearly four years as low interest rates led more homeowners to seek refinancing, according to data from an industry group on Wednesday.
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US consumers spend more in May than the month before, encouraged by higher personal income.
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Long-term mortgage rates in the United States increased sharply this week, mortgage wholesaler Freddie Mac reported Thursday in its weekly nationwide survey.
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The cost of borrowing headed higher as yields on the 10-year Treasury note hit a five-year high, climbing to 5.248 percent.
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The percentage of mortgages entering foreclosure rose to a record level during the three months that ended June 30, according to a survey released today.
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U.S. home loan refinancing  applications surged last week, industry trade group figures  showed on Wednesday, as consumers sought to lock in rates ahead  of a widely expected interest rate hike by the Federal Reserve  at the end of June.
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Investor's Business Daily - Despite rising interest rates, the Mortgage Bankers Association&#39;s seasonally adjusted index of application activity edged up 6.6% to 666.5 in the week ending June 8. Its index of purchase activity rose 7.2%, while refinancing activity climbed 5.6%. Analysts called it a scramble to head off rising borrowing costs. Mortgage rates are at their highest since mid-&#39;06.