Federal Reserve

The average 30-year fixed-rate mortgage rate increased to 6.43%, according to Freddie Mac data. An ongoing cooling of inflation could also mean lower mortgage rates throughout the year, Freddie Mac said.

The Fed is expected to raise interest rates by 25 basis points again in May, according to a poll of economists. This is what you need to know.

Gross domestic product for the first quarter is signaling the U.S. economy is facing headwinds as consumers pull back spending and companies lay off thousands of workers.

Sen. Ted Cruz and Rep. Jim Jordan wrote to San Francisco Federal Reserve Chair Mary Daly to request information on the Fed's supervision of Silicon Valley Bank prior to its failure.

Financial struggles are the biggest drivers of stress among Americans, according to a survey by Clever Real Estate. More than half of respondents said they’re stressed about inflation and not having enough money to save for retirement.

Major private equity firms including Apollo and Blackstone are struggling to fundraise as easy money dries up and REITs begin to crumble.

The average rate for a 30-year fixed-rate increased to 6.39%. Higher rates and low housing supply is putting affordability constraints on would-be homebuyers. But there are still ways to find the best rate.

Median home prices since 2020 have outpaced inflation by more than 200%, according to a study by Home Bay. And despite a cooling of inflation, rising prices of basic goods and services have remained a concern for many Americans, reports have suggested.

Sales of previously owned homes fell 2.2% in March from the prior month due to higher mortgage rates, according to the National Association of Realtors.

A growing number of workers applied for jobless benefits last week, a sign the labor market is beginning to tighten in the face of higher interest rates.

Home prices increased by 4.7% year-over-year in Q1 2023. However, that marked a significant slowdown from annual growth in the previous quarter. Still, low home supply and high mortgage rates have raised affordability issues for potential home buyers. Here’s what you need to know.

The Federal Reserve's own staff are predicting a "mild" recession this year, but that could still mean plenty of pain for the stock and labor markets.

Home-purchase applications plummeted 8.8% last week as higher mortgage weighed on demand, according to a new survey from the Mortgage Bankers Association.

Billionaire Elon Musk told Fox News' Tucker Carlson that there's no "magical cure for getting rid of inflation" except for economic productivity to increase.

Bank of America CEO Brian Moynihan said during the bank's quarterly earnings call that a "mild" recession is likely to hit the economy later this year.

New U.S. home construction continued its downward spiral in March, even as a recent decline in mortgage rates bolstered consumer demand for new homes.

The financial impact of high inflation could last for years, as the steep price of everyday goods forced more Americans to drain their savings accounts.

Morgan Stanley strategist Michael Wilson warned in a Monday note that stock-market investors should prepare for "more negative surprises" in coming months.

Builder sentiment in the market for single-family homes climbed in April to the highest level since September as mortgage rates fall from a peak high.

Gas prices increased by nine cents to $3.64 per gallon as oil prices rise. And although gas prices have dropped year-over-year, Americans have been facing high inflation in 2023.