Mortgage rates are rising again. Here's how much the steeper rates will cost you
Higher mortgage rates can cost potential homebuyers thousands over the lifetime of the loan. Calculate how steeper rates could affect your monthly payment.
The cost of buying a house hit another record high as mortgage rates spike again
Buying a house just became even more expensive for would-be homebuyers as mortgage rates shot above 7% for the first time this year, according to Redfin.
Celebrity real estate agent Mauricio Umansky explains when housing prices will come down
"Buying Beverly Hills" and The Agency patriarch says if you want to sell your home at a hot price, get it on the market this spring or summertime for an outcome "in your favor."
Commercial real estate foreclosures jumped 117% in March as trouble looms
A new report from ATTOM shows there were 625 U.S. commercial real estate foreclosures in March, a stunning 117% increase from the same time last year.
Interest rate cut odds dwindle as inflation progress stalls
Persistently elevated inflation may force the Federal Reserve to delay any interest rate cuts until later this year and adopt a higher-for-longer stance.
Fed's Powell says inflation data this year shows a 'lack of progress'
Federal Reserve Chair Jerome Powell on Tuesday said that it is taking longer than previously expected for inflation to reach the central bank's 2% target.
American workers want record wages to change jobs, NY Fed finds
New data from the New York Federal Reserve found that the reservation wage, which is the lowest wage acceptable for a worker to change jobs, hit a record high in February.
Credit card delinquency rates hit worst level since 2012 in new Fed data
A growing number of Americans are struggling to make their credit card payments every month as they continue to battle high inflation and interest rates.
Retail sales unexpectedly jump even as high inflation stirs back to life
Retail sales rose in March for the second straight month, even as Americans continued to deal with the ongoing inflation crisis and high interest rates.
US consumer sentiment falls more than expected as inflation fears rise
U.S. consumer sentiment declined in April while Americans' inflation expectations increased as rising prices continue to take a toll on household budgets.
Jamie Dimon sounds alarm over 'persistent' inflation, Fed policy
JPMorgan CEO Jamie Dimon on Friday warned there are a "large number of persistent inflationary pressures" that pose a risk to the U.S. economic outlook.
Stuart Varney: President Biden refuses to address reality
FOX Business' Stuart Varney discussed whether President Biden is capable of dealing with the nation's economic realities as inflation and high food prices persist.
Wholesale inflation jumps to highest level since April 2023
The producer price index, a key measure of inflation at the wholesale level, rose in March to the highest level in close to a year as high prices persist.
High inflation is costing Americans an extra $1K a month
Inflation has fallen considerably from the highs of mid-2022, but price gains are still costing Americans an extra $227 a month compared to last year.
Fed officials worried inflation progress is stalling, meeting minutes show
Federal Reserve officials expressed concern during their March policy-setting meeting that inflation within the economy could remain uncomfortably high.
Economist warns of urgent US 'debt detox': We're going to be in a recession before people know it
Market forecaster Harry Dent warns of serious economic issues ahead as the country's growing debt shows no signs of slowing.
Inflation accelerates more than expected in March as high prices persist
The Labor Department on Wednesday released the closely watched March consumer price index report, revealing just how hot inflation was running last month.
US national debt interest exceeds defense spending: CBO
Federal spending on servicing the national debt has eclipsed military spending in fiscal year 2024, according to a new report from the Congressional Budget Office.
Labor market woes: US small businesses scale back hiring plans
The NFIB's latest small business jobs report found owners are scaling back their hiring plans in the next three months to the lowest level since May 2020 despite a tight labor market.
March inflation report: another month of 'hot' price gains expected
The Labor Department on Tuesday will release the March consumer price index data, which is expected to show that inflation remained uncomfortably high.