News
How to think about affordability
16+ hour, 47+ min ago (682+ words) Affordability" is the word grabbing the headlines in public discourse these days. However, if affordability is a problem, it's important to be clear about what exactly the problem is and what can be done. Gallup has new polling data noting…...
Average mortgage rate declines again to 6. 3%
1+ week, 5+ day ago (407+ words) The average long-term U. S. mortgage rate declined again this week, easing borrowing costs for prospective home buyers during what is typically the housing market's busiest time of the year. The benchmark 30-year fixed rate mortgage rate dropped to 6. 3% from 6. 37% last week,…...
Jobless numbers jump in January
2+ week, 6+ day ago (237+ words) Mahoning and Trumbull counties witnessed the loss of 3, 400 jobs from December to January, according to statistics from the Ohio Department of Job and Family Services. They have the highest unemployment in the state with Trumbull ranked ninth among Ohio's 88 counties....
Iran war helps lift mortgage rate to 5-week high
1+ mon, 2+ week ago (413+ words) The average long-term U. S. mortgage rate rose again this week, reflecting ongoing bond market jitters over the war with Iran. The benchmark 30-year fixed rate mortgage rate ticked up to 6. 11% from 6% last week, mortgage buyer Freddie Mac said Thursday. One year…...
Stocks erase sharp losses; oil prices leap on Iran war worries
1+ mon, 3+ week ago (224+ words) Crude prices jumped more than 6%, which will likely mean higher prices soon at gasoline pumps. That would hurt not only U. S. households, whose spending makes up the bulk of the U. S. economy, but also businesses with big fuel bills. The S&P…...
Mortgage rate falls to 3-year low
2+ mon, 1+ week ago (664+ words) The average long-term U. S. mortgage rate slipped this week to its lowest level in more than three years, but it remains around 6% in the same narrow range it has been in this year. The benchmark 30-year fixed rate mortgage rate fell…...
Study: Tariffs paid by midsize US companies tripled last year
2+ mon, 1+ week ago (318+ words) That's a big change in their cost of doing business," said Chi Mac, business research director of the JPMorgan Chase Institute, which published the analysis Thursday. We also see some indications that they may be shifting away from transacting with…...
Study: Wealthy ramp up spending while other Americans tread water
2+ mon, 3+ week ago (397+ words) The data, released by the Federal Reserve Bank of New York, also show that in the final three months of last year, lower-income and rural households faced higher inflation than higher-income households. The spending data focuses only on goods excluding…...
US stocks overcame turbulence and rose in 2025
3+ mon, 4+ week ago (1122+ words) NEW YORK " The year 2025 was scary good for investors. It was scary because the U. S. stock market plunged to several historic drops on worries about everything from President Donald Trump's tariffs to interest rates to a possible bubble in artificial-intelligence technology....
Wall Street sinks as Trump threatens tariffs for European countries over Greenland
3+ mon, 1+ week ago (665+ words) The losses were widespread, with nearly every sector losing ground. Major indexes in the U. S. extended losses from last week in what has been a wobbly start to the year. The S&P 500 fell 143. 15 points, or 2. 1%, to 6, 796. 86. It is the steepest…...