The rate for a 30-year fixed-rate mortgage was 6.49% this week, up from 6.47% last week, according to Freddie Mac. A year ago, the rate was 6.77%. The rate for a 15-year fixed-rate mortgage was 5.84%, up from 5.81% last week. A year ago, the rate was 5.89%.
Sales of new single-family houses in May 2026 were at a seasonally-adjusted annual rate of 580,000, according to estimates released jointly by the U.S. Census Bureau and HUD.
One of the fastest ways for lawmakers to increase healthcare affordability is to end the prohibition on health savings account eligibility for recipients of federal programs such as Medicare, said Kevin McKechnie, executive director of the American Bankers...
The ABA Office of the Chief Economist believes the final estimate of Q1 GDP underscores a resilient economy but with growth increasingly reliant on non-residential investment rather than housing or consumer spending. Loan demand from consumers may moderate...
Persistent price growth continues to pressure household balance sheets, increasing risks to credit performance for consumer loans, especially for lower income households.
President Trump canceled plans to sign a bipartisan housing bill into law, saying lawmakers should first pass an unrelated elections bill.
Large banks are well positioned to weather a severe recession and would be able to continue to lend to households and businesses, according to the results of the Federal Reserve’s annual stress tests.
