Economic Growth

AVERAGE US RATE ON 30-YEAR MORTGAGE FALLS TO 3.79 PERCENT

Jan. 28, 2016 11:40 AM ET AP, Associated Press WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week for a fourth straight week amid persisting turmoil in stock markets and global economic worries. Gerry Broome FILE - In this Tuesday, June 9, 2015, file photo, a sold sign is displayed in the yard of a newly constructed home in the Briar Chapel community in Chapel Hill, N.C. On...

What will aging boomers and millennials mean for economic growth?

By Tom Petruno/ Los Angels Times   January 9, 2016 Some Wall Street pros worry that baby boomers and millennials will increasingly be squeezed financially, leaving them unable or unwilling to spend. The demographics of aging boomers and coming-of-age millennials will accelerate changes in the economy. The hard part is figuring whether they'll be good or bad for growth. The median age of...

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