Market News At A Glance

Marketwatch

Jobless claims fall to lowest level since mid-May

Jobless claims stay low in latest week

Consumer credit growth soars in December

CNBC Real Estate

Demand for riskier mortgages drops, as their advantages shrink
The spread between the 30-year fixed-rate mortgage and adjustable-rate loans is narrowing, causing demand for ARMs to weaken.

Trump cancels signing of bipartisan housing bill ahead of tense meeting with GOP senators
President Donald Trump abruptly canceled the signing of a bill aimed at increasing housing affordability an hour before he was due at the Capitol for the ceremony.

House passes affordable housing bill, sends it to Trump's desk
The House on Tuesday gave final passage to a bill aimed at lowering costs for homebuyers and reining in private equity.

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