Economy News Us Economy News Today Mortgage Amounts Are At A Nearly Two Year High

US economy at risk of wobble as lower-income consumers get squeezed

The U.S. consumer's durability as a prop for the economy may be tested in coming weeks as family budgets, particularly among the less affluent, are stressed by rising healthcare costs, the potential ... Read More

Average long-term US mortgage rate dips to 6.17%, its lowest level in more than a year

The average rate on a 30-year U.S. mortgage fell for the fourth week in a row to its lowest level in more than a year. Lower mortgage rates boost homebuyers’ purchasing power. They also benefit ... Read More

Mortgage rates set to rise? 30-year Refi hits 6.27%, as Former Treasury Secretary warns of ‘unsustainable’ U.S. debt and looming spike in borrowing costs

2021: ~2.9% average 30-year fixed 2023: ~7.4% 2024: ~6.6% 2025 (current): ~6.27% Even though today’s rates are lower than their peak, they remain nearly ... where mortgage rates will head next. Some ... Read More

U.S. economy sinks at a 5.7% pace in 1Q

The U.S. economy sank at a 5.7 percent pace in the first quarter as the brute force of the recession carried over into this year. However, many analysts believe activity isn't shrinking nearly as much ... Read More