Municipal Bond Credit Report: Mortgage Rates Slip to 5.13%
Municipal Bond Credit Report: The 30-year fixed mortgage rate averaged 5.13%, down from 5.22% last week and 5.81% in June, which was the highest rate since 2008, according to a…
Municipal Bond Credit Report: U.S. Home Sales Dropped in July for Sixth Straight Month
Municipal Bond Credit Report: U.S. existing home sales fell in July for the sixth straight month, the longest streak of declines in more than eight years, as higher mortgage rates…
Municipal Bond Credit Report: A brush with default: Without budget, Trenton, N.J., in fiscal limbo
Municipal Bond Credit Report: A budget impasse that’s left Trenton, New Jersey, without an approved budget well into the new fiscal year continues, despite a recent brush with default… Link…
Municipal Bond Credit Report: Detroit returns to bankruptcy court for pension funding dispute
Municipal Bond Credit Report: Detroit is asking the bankruptcy court to require that its police and firefighters retirement system stick with a 30-year amortization period agreed to in the city’s…
Municipal Bond Credit Report: Market Rout Sends State and City Pension Funds to Worst Year Since 2009
Municipal Bond Credit Report: Public pension plans lost a median 7.9% in the year ended June 30, according to Wilshire Trust Universe Comparison Service data to be released Tuesday, their…
Municipal Bond Credit Report: Moody’s lifts Minnesota’s rating to Aaa
Municipal Bond Credit Report: Minnesota has a trio of triple-A general obligation ratings after Moody’s Investors Service upgraded the state to Aaa from Aa1 on Thursday… Link to Story
Municipal Bond Credit Report: Court gives Harvey, Illinois, more time to launch bond exchange
Municipal Bond Credit Report: Harvey, Illinois, officials are working to overcome remaining hurdles to conduct a bond exchange offer that would remove its general obligation debt from default status and…
Municipal Bond Credit Report: Jobs Report to Keep Fed on Aggressive Tightening Path
Municipal Bond Credit Report: The July jobs report defied expectations of an economic slowdown and will make it harder for the Federal Reserve to dial back the pace of rate…
Municipal Bond Credit Report: July Jobs Report: U.S. Added 528,000 New Jobs as Unemployment Rate Fell to 3.5%
Municipal Bond Credit Report: The U.S. economy has now recouped the 22 million jobs lost early in the pandemic, adding 528,000 positions in July as employers clamored for workers despite…
Municipal Bond Credit Report: State bond official shares how Florida may address Disney’s Reedy Creek situation
Municipal Bond Credit Report: J. Ben Watkins III, the director of Florida’s division of bond finance, said the state likely will create a district similar to Reedy Creek minus some…
