U.S. home prices rose 0.6 percent in September and 1.5 percent in the third quarter, according to the Federal Housing Finance Agency’s House Price Index released today. Prices were up 6.1 percent from a year earlier, marking eight consecutive year-on-year increases of more than 5 percent. The FHFA’s monthly index is calculated using the prices of houses brought with mortgages backed by Fannie Mae and Freddie Mac.
ABA, state bankers associations warn credit card rate cap would cause economic harm
A Senate bill to cap the annual percentage rate for credit cards at 10% would have a devastating effect on access to credit for individuals and small business owners who use their personal cards as a form of...