Home prices rose in July
Home prices increased 5% in July compared to the same month a year ago, down from a 5.5% rise the...
Economy
Consumer confidence weakened in September
The Consumer Confidence Index was 98.7 in September, down from an upwardly revised 105.6 in August, the Conference Board said.
Fed’s Bowman explains why she didn’t support recent rate cut
Federal Reserve Governor Michelle Bowman said that she didn’t support the Federal Open Market Committee’s recent decision to trim rates...
FDIC releases 2024 Summary of Deposits data
The FDIC released the results of its annual survey of branch office deposits for all FDIC-insured institutions as of June...
Existing home sales fell 2.5% in August
Three out of four major U.S. regions posted sales declines while the Midwest registered no change, according to the National...
Mortgage rates continue to drop
While mortgage rates do not directly follow the Fed's moves, the first cut in over four years will have an...
FOMC cuts rates by 50 basis points
The Federal Open Market Committee announced that it would lower the target range for the federal funds rate by 50...
OCC releases mortgage performance report for Q2 2024
The OCC released the second quarter 2024 mortgage metrics report, which showed that 97.3% of first-lien mortgages in the federal...
Housing starts rise in August
Housing starts increased by 9.6% in August from the month prior to a seasonally adjusted annual rate of 1.36 million,...
Business inventories rise in July
Business inventories in July came in at $2.57 trillion, up 0.4% from the month prior and up 2.5% from a...
