The rate for a 30-year fixed-rate mortgage averaged 6.44% this week, up from last week when it averaged 6.32%, according to Freddie Mac. A year ago, the 30-year rate was 7.63%. The rate for a 15-year fixed-rate mortgage averaged 5.63%, up from last week when it averaged 5.41%. A year ago, the rate was 6.92%.
Rule would have significantly increased the salary level below which an employee is automatically subject to the Fair Labor Standards Act’s overtime and minimum wage requirements.
FHFA said it will continue to prioritize the Federal Home Loan Banks, property insurance and energy efficiency in the housing industry, although whether those issues will remain priorities under the Trump administration is unclear.
With the cost of housing rising and housing construction slowing down, shelter could keep headline CPI elevated past the Fed's 2% target.
More than half of Americans know friends and family members who have been victims of scams, according to a new survey by the credit scoring services firm FICO.
The U.S. banking system remains sound and resilient, with strong asset quality and earnings, but pockets of elevated risk pose challenges for some banks with commercial real estate remaining an area of concern, the Federal Reserve said.
Retail and food service sales for October were $718.9 billion, an increase of 0.4% in the previous month, the Commerce Department said in its advance estimate. Sales were up 2.8% from a year ago.
