Real gross domestic product increased at an annual rate of 3.8% in the second quarter of 2025, according to the third estimate released today by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.6%.
The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. Both movements were partly offset by decreases in investment and exports.
Existing home sales decreased 0.2% in August from the previous month to a seasonally adjusted annual rate of 4 million, the National Association of Realtors reported.
The rate for a 30-year fixed-rate mortgage was 6.3% this week. The rate for a 15-year fixed-rate mortgage was 5.49%.
New orders for manufactured durable goods increased $8.9 billion or 2.9% to $312.1 billion in August, the U.S. Census Bureau said in its most recent advance report.
ABA joined with the Consumer Bankers Association in urging the CFPB not to limit its authority to supervise nonbanks that pose an immediate risk of harm to consumers.
The Financial Services Information Sharing and Data Center called for the creation of a timeline for the financial sector to bolster its cybersecurity defenses against threats posed by quantum computing.
Credit conditions are expected to soften over the next six months as the labor market weakens and inflation persists, according to ABA’s latest Credit Conditions Index.
