Mortgage rates inch up
The rate for a 30-year fixed-rate mortgage was 6.66% this week. The rate for a 15-year fixed-rate mortgage was 5.98%.
Economy
ABA DataBank: Inflation remains above Fed’s target
Persistent price growth continues to pressure household balance sheets. Over time, this could weigh on consumer loan performance as borrowers...
ABA DataBank: Revised Q2 GDP growth holds at 1.5%
The GDP second estimate at 1.5% demonstrates resilient private demand; strong increases in real final sales reflect continued appetite for...
Consumer confidence slips in August
The Consumer Confidence Index was 89.4 in August, down from 90.2 in July, the Conference Board said.
Growth in home prices increased in June
Home prices increased 1.5% in June compared to the same month a year ago, up from a 1.2% rise the...
ABA DataBank: New home sales decline 10.5% in July
The July reading of new home sales reflects affordability challenges, with mortgage rates reaching 6.66% at the end of July.
Quarterly Banking Profile: Banking net income $90.1B in Q2 2026
The banking industry reported a return on assets ratio of 1.37% and aggregate net income of $90.1 billion in the...
ABA DataBank: Treasury yields retrace buyback drop
The 30-year Treasury yield recently reached a nearly 20-year high amid concerns over the fiscal deficit, AI-related borrowing, and inflation
Bank survey finds finance a major stress point in relationships
Finances remain a major source of stress in relationships, with nearly three in five people saying they have felt scared...
Mortgage rates decline
The rate for a 30-year fixed-rate mortgage was 6.65% this week. The rate for a 15-year fixed-rate mortgage was 5.95%.
