Final fourth quarter GDP revised upwards as consumer spending rises

The third and final estimate for real gross domestic product (GDP) in the fourth quarter of ... Fed's decision to keep interest rates higher for longer puts a strain on consumer wallets and ... Read More

Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising

The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Read More

What are today's mortgage and mortgage refinance interest rates?

If you're thinking about buying a new home ... Fed decides to pause rate hikes following its July rate increase. "Over the past two years, as the Fed has increased interest rates, borrowing ... Read More

The average US home price could spike 20% to a record $500,000 if the Fed cuts interest rates too soon, expert says

Cutting interest rates could spark a homebuying frenzy that combines with rising housing costs to send home prices to record levels, Bill Pulte said. Read More

Retail sales surge as Americans buy despite higher prices

America’s employers delivered another strong report in March, adding 303,000 workers to their payrolls and fueling hopes that the economy can plow through higher prices without succumbing to a ... Read More

Inflation stays stubborn: What the latest numbers mean for you

Nationally, shelter costs were up 5.7% year-over-year in March, the same as the bump in rent. Housing is considered a service, and services inflation has stayed high, feeding the stubbornness of ... Read More

Jamie Dimon warns interest rates could soar above 8%, throws doubt on ‘soft landing’

Despite a sharp rise in interest rates in recent ... yet another stubbornly high figure that doesn’t inspire interest rate cuts. Consumer prices have not fallen year-over-year since President ... Read More

Current mortgage rates 2024

ARM interest rates are usually lower than conventional fixed rates. If you’re only looking to own your home for a short time or conventional mortgage interest rates are high, then an ARM may be ... Read More

Interest Rates & Inflation: Prices Down 3.2% In March Thanks To Cheaper Food

Today’s Consumer Prices Index, from the Office for National Statistics (ONS), shows that prices rose by 0.6% last month, compared with a rise of 1.1% in February 2023. Read More

What are today's home equity loan and HELOC interest rates?

Moreover, home equity lending options typically offer competitive interest rates since they're backed by your home. But home equity loan rates fluctuate in response to federal funds rate ... Read More

Auto loan interest rates by credit score, and what your rate means for your wallet

The average auto loan interest rate in the fourth quarter of 2023 was 7.18% for new ... When you apply for an auto loan (or any form of consumer debt), your lender reviews your credit profile ... Read More