Mortgage rates inch up
The rate for a 30-year fixed-rate mortgage was 6.66% this week. The rate for a 15-year fixed-rate mortgage was 5.98%.
ABA Data Bank: Minority-Owned Small Businesses See Larger COVID-19 Effects
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ABA DataBank: Inflation remains above Fed’s target
Persistent price growth continues to pressure household balance sheets. Over time, this could weigh on consumer loan performance as borrowers face greater difficulty managing rising costs.
