Mortgage rates hold steady
The rate for a 30-year fixed-rate mortgage averaged 6.78% this week, up slightly from 6.77%. The rate for a 15-year...
Economy
New orders for durable goods drop in June
New orders for manufactured durable goods decreased $18.6 billion or 6.6% in June to $264.5 billion, the U.S. Census Bureau...
GDP increased 2.8% in Q2: Advance estimate
Real gross domestic product increased at an annual rate of 2.8% in the second quarter of 2024, according to the...
Survey: Most Americans anxious about their financial situations
Four in five Americans have anxiety about their financial situation, according to a national survey conducted by Discover. Respondents were...
New home sales drop in June
Sales of new single-family houses in June were at a seasonally adjusted annual rate of 617,000, a drop of 0.6%...
U.S. international trade deficit declines in June
The international trade deficit was $96.8 billion in June, down $2.5 billion from $99.4 billion in May, the Commerce Department...
Existing home sales declined in June
Existing home sales declined 5.4% in June to a seasonally adjusted annual rate of 3.89 million, the National Association of...
ABA Data Bank: Used vehicle prices fall during economic recovery
Vehicle production and inventories have largely recovered from pandemic-related disruptions, helping to offset the cost of higher financing rates and...
Factchecking an OFR assessment of bank health
A recent Office of Financial Research brief perpetuates a false—and dangerous—narrative about community bank CRE exposures.
Mortgage rates fall
The rate for a 30-year fixed-rate mortgage averaged 6.77% this week, down from last week when it averaged 6.89%.
