News
Industrial production rose 0. 7% in April
2+ hour, 42+ min ago (194+ words) Mining output edged down 0. 1% in April after falling 1. 6% in March. The output of utilities increased 1. 9% in April, with gains in both electric and natural gas utilities. Capacity utilization for manufacturing moved up 0. 4 pp to 75. 8% in April and is now 2. 4 pp…...
Mortgage rates slip
19+ hour, 55+ min ago (200+ words) The rate for a 30-year fixed-rate mortgage was 6. 36% this week, down from 6. 37% last week, according to Freddie Mac. A year ago, the rate was 6. 81%. The rate for a 15-year fixed-rate mortgage was 5. 71%, down from 5. 72% last week. A year ago, the…...
FOMC once again holds rates steady
2+ week, 2+ day ago (249+ words) The Federal Reserve in Washington, D. C. The Federal Open Market Committee today voted to maintain the target range of the federal funds rate at 3. 5%-3. 75%. Fed Governor Stephen Miran voted against the action, preferring a cut of 25 basis points, while three governors…...
Mortgage rates decline
3+ week, 1+ day ago (236+ words) The rate for a 30-year fixed-rate mortgage was 6. 23% this week, down from 6. 3% last week, according to Freddie Mac. A year ago, the rate was 6. 81%. The rate for a 15-year fixed-rate mortgage was 5. 58%, down from 5. 65% last week. A year ago, the…...
Durable goods hold steady in January
2+ mon, 2+ day ago (175+ words) The University of Michigan Consumer Sentiment Index decreased 1. 9% in March compared to the month prior, landing at 55. 5, according to preliminary results for the month. Personal income increased 0. 4%, or $113. 8 billion, in January, according to the U. S. Bureau of Economic Analysis. The personal…...
Bank economists: Credit conditions will hold relatively steady over next six months
2+ mon, 1+ week ago (212+ words) While credit conditions are expected to continue softening over the next six months as the labor market faces challenges, they will hold relatively steady, according to the American Bankers Association's latest Credit Conditions Index released today. "Bankers broadly expect continued…...
Beige Book: Economic activity continued to inch up at start of 2026
2+ mon, 1+ week ago (194+ words) Overall economic activity increased at a slight to moderate pace in seven of the 12 Federal Reserve districts in the opening months of 2026, while the number of districts reporting flat or declining activity increased from four to five, the Fed said…...
Mortgage rates hold steady
2+ mon, 1+ week ago (172+ words) ABA Banking Journal Mortgage rates hold steady The rate for a 30-year fixed-rate mortgage was 6% this week, up from 5. 98% last week, according to Freddie Mac. A year ago, the rate was 6. 63%. The rate for a 15-year fixed-rate mortgage was 5. 43%, down…...
Mortgage rates mixed
2+ mon, 2+ week ago (195+ words) The rate for a 30-year fixed-rate mortgage was 5. 98% this week, down from 6. 01% last week, according to Freddie Mac. A year ago, the rate was 6. 76%. The rate for a 15-year fixed-rate mortgage was 5. 44%, up from 5. 35% last week. A year ago, the…...
ISM: Manufacturing sector contracted in December
4+ mon, 1+ week ago (280+ words) The U. S. manufacturing sector contracted in December for the tenth month in a row, following a two-month expansion preceded by 26 straight months of contraction. The ISM Manufacturing PMI registered 47. 9%, edging down 0. 3 percentage points (pp) from 48. 2% recorded in November. (A manufacturing PMI…...