Wood Markets News


U.S. Consumer Sentiment Down in February 2020 and Year-Over-Year

The University of Michigan Consumer Sentiment Index (ICS) rates the level of current and future economic conditions in the U.S. The latest ICS was released today, Friday (2-12-21) and is at a current level of 76.20, down from January’s reading of 79.00 and down from February 2020 reading of 101.00.

Freddie Mac’s Reports Net Income Rose 18% in Q4 2020

The second largest mortgage financier in the U.S., Freddie Mac, reported on Thursday (2-11-21) that its net income in Q4 2020 rise 18% from Q3 to $2.9 billion, as low interest rates continue to boost originations. In total, the company’s net income at the end of 2020 was $7.3 billion, a 2% increase from 2019.