Mortgage rates slip
The rate for a 30-year fixed-rate mortgage was 6.24% this week. The rate for a 15-year fixed-rate mortgage was 5.49%.
Economy
U.S. Mint produces last penny
The U.S. Mint held a ceremony where U.S. Treasurer Brandon Beach struck the final circulating penny, ending 232 years of...
Ag lenders signal cautious outlook for farm profitability in 2025
Agricultural lenders report signs of tighter conditions in farm profitability and credit quality in 2025, according to a joint survey...
Atlanta Fed’s Bostic to retire
Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta, announced that he will step down from his...
NFIB Small Business Optimism Index edged down by 0.6 points in October to 98.2
The NFIB Small Business Optimism Index declined 0.6 points in October to 98.2 but remained above its 52-year average of...
Fed’s Miran: Stablecoins pose little risk to bank deposits
Passage of a new regulatory framework for stablecoins likely won’t lead to a flood of bank customers pulling their money...
Fed: Policy uncertainty, AI sentiment pose financial stability risks
Policy uncertainty remains a top risk to U.S. financial stability, with public sentiment about artificial intelligence emerging as another risk,...
Consumer credit increased in September
Consumer credit increased at a seasonally adjusted annual rate of 2.7% in September. Total outstanding credit increased to $5.0766 trillion...
ABA DataBank: Mortgage rate discounts not helping new home sales
Homebuilders continue to face weak demand despite offering attractive mortgage rates, indicating that lower interest rates alone won’t revive the...
Preliminary: Consumer sentiment decreased 3.3 points in November
The University of Michigan Consumer Sentiment Index decreased 6.2% in November compared to the month prior, landing at 50.3, according...
