Industrial Production Increases in June

The University of Michigan Consumer Sentiment Index neither rose nor fell in May compared to the month prior, holding at 52.2, according to final results for the month.

Personal income increased 0.8%, or $210.1 billion, in April, the Commerce Department said. The personal savings rate was 4.9%.

Close to one-fourth of buy now, pay later users were late making a payment in 2024, a significant increase from the previous year.

More than one in five U.S. adults have experienced financial fraud or scams involving their money, with older adults more likely to experience fraud than younger individuals, according to a new survey by the Federal Reserve.

The rate for a 30-year fixed-rate mortgage was 6.89% this week. The rate for a 15-year fixed-rate mortgage was 6.03%.

Pending home sales fell 6.3% in April from the prior month, the National Association of Realtors said.