Average monthly mortgage payment at near all-time high
High mortgage rates have brought average monthly mortgage payments to near-record highs as Americans deal with economic uncertainty. But there are ways to lower your monthly mortgage payments.
GOP takes on Federal Reserve in battle over digital dollar
Central bank digital currencies have become increasingly popular over the last three years. However, they are controversial among crypto enthusiasts and conservatives.
Why are home prices so expensive? Blame the boomers, Barclays says
Would-be homebuyers nationwide. are facing a spike in housing costs amid an ongoing affordability crisis - and baby boomers may be to blame, Barclays says.
Americans' inflation expectations for next few years tick higher in latest NY Fed survey
A New York Federal Reserve survey released Monday shows consumers are bracing for inflation to remain above the central bank's 2% target in the long term.
Why can't you find a house for sale?
The U.S. has a worsening housing shortage crisis caused by years of underbuilding, the astronomical rise in mortgage rates and a lack of new construction.
Mortgage demand plummets as high rates squeeze buyers
Home-purchase applications tumbled last week to the lowest level in nearly three decades as high interest rates and limited availability weighed on demand.
Goldman Sachs cuts US recession odds next year to 15%
Goldman Sachs economists lowered their probability of a U.S. recession within the next 12 months to just 15%, citing better-than-expected economic data.
These are the most affordable states to buy a home
A new report reveals the top most affordable states in the U.S. But some states on the East Coast have particularly high home prices. Here’s what you need to know.
All income brackets now living paycheck to paycheck: Study
Paycheck-to-paycheck living isn't anything new, but the troubling trend is now impacting more Americans than ever as rising borrowing costs and inflation take a toll.
Mortgage rates take a dip ahead of Labor Day weekend: Freddie Mac
Mortgage rates declined this week, but remain elevated, Freddie Mac reported. But the direction of mortgage rates remains uncertain ahead of the Fed’s next meeting, where the central bank could raise interest rates again.
US economy adds 187,000 jobs in August while unemployment rate unexpectedly jumps
The August jobs report released Friday provided a key look at the labor market's health amid the Federal Reserve's aggressive interest rate-hike campaign.
August jobs report likely to point to slowing labor market
The August jobs report, due Friday morning, is expected to show the labor market is finally slowing down due to higher interest rates and steep inflation.
Key Fed inflation gauge accelerates to 3.3% in July as high prices persist
An inflation measure that is closely watched by the Federal Reserve accelerated in July, underscoring the challenge in combating steep consumer prices.
Fed increasing demands for corrective actions by regional banks: report
The Federal Reserve has issued a number of private warnings to regional lenders as it seeks to tighten supervision following a spate of bank collapses.
US pending home sales rise at fastest pace in 7 months
Signed contracts to buy previously owned homes in the U.S. increased in July for the second consecutive month, despite a recent spike in mortgage rates.
Private sector job growth cools sharply in August to 177,000, worse than expected: ADP
Hiring by private U.S. companies cooled sharply in August, indicating that the labor market is beginning to soften as a result of higher interest rates.
Regulators propose changes to ‘living wills’ and debt rules for big banks in wake of crisis
Federal financial regulators proposed new rules for large banks that aren't classified as systemically important related to their long-term debt holdings and their "living wills."
Home prices rose for fifth straight month in June
U.S. home prices continued to march higher in June, according to new S&P data, even as the housing market grapples with an ongoing spike in mortgage rates.
Job openings drop more than expected in July to 2-year low
The number of available jobs in the U.S. plummeted more than expected in July to the lowest level in two years, a welcome sign for the Federal Reserve.
Fed governor warns more interest rate hikes may be coming
Fed Governor Michelle Bowman said additional interest rates may be needed to lower inflation to a preferred target range. But inflation has slowed in recent months, even as Americans dealt with record-high credit card debt.