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Atlanta Fed’s Raphael Bostic to retire in February
Atlanta Fed President Raphael Bostic will retire in February, opening a key Fed seat as Trump seeks more influence over the central bank.
Trump says 50-year mortgages would be no ‘big deal’
Trump calls 50-year mortgages minor, saying longer terms reduce monthly payments but delay homeownership and equity buildup.
U.S. mortgage rates fall to lowest level in a year
The average 30-year mortgage rate dropped to 6.17%, its lowest in over a year, boosting refinancing and homebuying demand.
Fed cuts key rate again to support slowing economy
The Federal Reserve lowered its key rate to 3.9%, its second cut this year, aiming to boost hiring as inflation remains elevated.
Rallies for PayPal and UPS lead US stocks toward more records
NEW YORK (AP) — The U.S. stock market is ticking further into record heights on Tuesday. The S&P 500 added 0.4% in late trading. The Dow Jones Industrial Average was up 265 points, or 0.6%, with a little less than an hour remaining in trading, and the Nasdaq composite was 1% higher. All three indexes are coming […]
Fed expected to cut interest rate again Wednesday
The Federal Reserve is expected to cut its key rate Wednesday, likely followed by another in December to support U.S. hiring.
Wall Street rallies to more records as gold’s price slumps again
U.S. stocks surged to record highs as investors awaited a Trump-Xi meeting and the Federal Reserve’s next interest rate decision.
Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year
The average 30-year mortgage rate dropped to 6.19%, its lowest since October 2024, as inflation and Fed policy ease pressure.
US mortgage rates dip to near yearly low at 6.27%
The average 30-year US mortgage rate fell to 6.27%, nearing its lowest level of the year as borrowing costs continue to ease.
Powell signals more Fed rate cuts amid hiring slowdown
Fed Chair Jerome Powell said slowing hiring raises risks for the U.S. economy, signaling two more rate cuts are likely this year.
Fed minutes show split on future interest rate cuts
Fed minutes reveal support for more rate cuts this year but highlight divisions over inflation risks and economic slowdown.
30-year mortgage rate rises to 6.34% after recent lows
WASHINGTON (AP) — The average rate on a 30-year U.S. mortgage ticked up for the second straight week following a string of declines that had brought down home borrowing costs to their lowest level in nearly a year. The average long-term mortgage rate rose this week to 6.34% from 6.3% last week, mortgage buyer Freddie […]
