Consumer credit increased at a seasonally adjusted annual rate of 1.9% in August, according to the Federal Reserve. Revolving credit decreased at an annual rate of 4.2%, while nonrevolving credit increased at an annual rate of 4.1%.
The rate for a 30-year fixed-rate mortgage was 7.4% this week. The rate for a 15-year fixed-rate mortgage was 6.73%.
New federal restrictions to curb abusive trigger leads should reduce the volume of unwanted solicitations homebuyers receive, with research showing that the marketing practice does little to save consumers money, the Government Accountability Office said in a new...
Lawmakers should consider policies that strengthen the value and accessibility of health savings accounts rather than policies that inadvertently discourage employers from offering HSA-qualified coverage, ABA's Health Savings Account Council said in a letter to the Senate Finance...
Most members of the Federal Open Market Committee believe they may need to raise the target range for the federal funds rate a second time before the end of the year, although that decision will depend on further...
Consumer inflation expectations in September increased at the short- and medium-term horizons and remained unchanged at the longer-term horizon, the Federal Reserve Bank of New York said in its most recent Survey of Consumer Expectations.
As they seek to implement appraisal modernization legislation passed by Congress, the most efficient approach for federal housing agencies would be to align their reconsideration of value processes with the collateral valuation standards already established by Fannie Mae...
