Consumer confidence dipped in May
The Consumer Confidence Index was 93.1 in May, down from 93.8 the previous month, the Conference Board said.
Economy
Growth in home prices slowed in March
Home prices increased 0.7% in March compared to the same month a year ago, down from a 0.8% rise the...
Warsh sworn in as Federal Reserve chair
Kevin Warsh was sworn in as chairman of the Federal Reserve during a ceremony at the White House.
Final: Consumer sentiment falls 5.0 points in May, below 2022 levels
The University of Michigan Consumer Sentiment Index decreased 10% in May compared to the month prior, landing at 48.8, according...
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 6.51% this week. The rate for a 15-year fixed-rate mortgage was 5.85%.
Fed’s Barr: Bank access only one tool for improving consumer financial health
As part of a cross-sector push to improve consumer financial health, financial institutions will need to prioritize creating products and...
ABA DataBank: Single-family weakness drives April housing starts dip
If builders continue to scale back single-family production, construction activity and the mortgage pipeline are likely to soften. In contrast,...
FOMC minutes show members weighing possibility of raising rates
With inflation persistently remaining above the Federal Reserve’s 2% target, a majority of Federal Open Market Committee members believe that...
ABA DataBank: Pending home sales up despite rising mortgage rates
ABA economists believe this month's data reflects resiliency despite the effect of higher interest rates. Continued growth suggests mortgage demand...
NAHB: Homebuilder confidence rises in May
Homebuilder confidence in the market for newly built single-family homes increased three points to 37 in May, according to the...
