Fed: Consumer credit increased 4.2% in Q3

Consumer sentiment increased 6.3% month over month in November to 51, and was unchanged one year ago, according to preliminary results from the University of Michigan Surveys of Consumers.

Housing and food accounted for nearly 47% of total consumer expenditures in 2025, their highest combined share since 2010, in the aftermath of the Global Financial Crisis.

FinCEN and the Federal Reserve are withdrawing a proposed rule that would have significantly shrunk the dollar threshold for banks to report cross-border wire transfers.

Top Democrats on the House Financial Services Committee are pledging to place greater emphasis on housing policy and tackle financial fraud as they seek their colleagues’ support for committee leadership in the upcoming Democrat-controlled Congress.

Continued job growth, low unemployment and steady labor demand should support household income growth and consumer spending, providing a positive backdrop for both business and consumer loan demand.

The rate for a 30-year fixed-rate mortgage was 7.18% this week. The rate for a 15-year fixed-rate mortgage was 6.57%.