News
Mortgage rates edge higher amid Iran tensions, inflation uncertainty
2+ hour, 58+ min ago (496+ words) Mortgage rates moved slightly higher this week but remained largely stable, according to Freddie Mac's latest Primary Mortgage Market Survey released Thursday. The average rate on the benchmark 30-year fixed mortgage increased to 6. 49%, up from 6. 47% last week. Two weeks ago,…...
Inflation hits 4. 2% for first time in three years
2+ week, 2+ day ago (49+ words) Live NOW from FOX For the third month straight, consumer prices rose at a faster rate, reaching 4. 2 percent, as higher energy costs continued to put pressure on the U. S. economy. Economist Mike Walden joins Live NOW's Anna Marsick to discuss....
Inflation tops 4% in May, highest in 3 years
2+ week, 2+ day ago (63+ words) Live NOW from FOX Soaring gas prices drove inflation to its highest level in three years in May. Consumer prices increased 4. 2% last month compared to 2025, up from 3. 8% in April and the third consecutive spike. Live NOW's Mike Pache spoke about…...
Rise in gas prices from Iran war could have helped inflation hit a 3-year high
2+ week, 3+ day ago (290+ words) Soaring gas prices drove inflation to its highest level in three years in May. RELATED: Here's where gas prices are highest and lowest in the US High inflation has changed the conversation among Fed policymakers, who indicated earlier this year…...
As prices increase, Americans more pessimistic about finances, new survey shows
2+ week, 4+ day ago (553+ words) Bipartisan home affordability bill passes the House. Live NOW from FOX's Ryan Schmelz is joined by Washington Examiner's Zach Halaschak to discuss the latest." NEW YORK - Growing concerns about job security, credit access and household finances are weighing on consumer…...
This gas buying trend indicates financial stress, top industry executives say
2+ week, 5+ day ago (365+ words) FILE - A fuel pump at a Chevron gas station in San Mateo, California, US, on Thursday, Jan. 29, 2026. Chevron Corp. is expected to release earnings figures on Jan. 30, 2025. (Benjamin Fanjoy/Bloomberg via Getty Images) Topping up the gas tank has been…...
Mortgage rates are moving again: What homebuyers need to know
3+ week, 1+ day ago (666+ words) The average long-term U. S. mortgage rate declined this week from its highest level in nine months, providing welcome relief for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6. 48% from 6. 53% last week, mortgage buyer Freddie Mac said Thursday. The…...
Inflation rises, economy slows as Iran war continues
3+ week, 5+ day ago (94+ words) We are learning more after the Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0. 4% on a monthly basis in April and is up 3. 8% from a year ago. This also comes as Fox Business reports that…...
Tomato sticker shock: Here's how much prices have climbed
4+ week, 1+ day ago (556+ words) (Robert Gauthier/Los Angeles Times via Getty Images) Tomato prices have jumped 40% over the past year " outpacing every other major food category " as trade policy, Middle East conflict and poor growing conditions converge to squeeze consumers. "The tomato has become…...
These cities are seeing the largest jump in auto loan debt'see the list
4+ week, 1+ day ago (369+ words) Americans collectively carry approximately $1. 7 trillion in auto loan debt, with the average household owing nearly $14, 000, according to a new Wallet Hub analysis of consumer debt trends. As interest rates have risen sharply in recent years, the cost of financing vehicles…...