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The 30-year fixed-rate mortgage reached 6.66% on average Thursday.
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The U.S. economy grew at an annual rate of 1.5% in the spring, according to the Commerce Department. That's a modest slowdown from the previous quarter — but consumer spending picked up steam.
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Housing has long been the largest source of wealth for middle income families. But many renters cannot afford to buy as housing prices soar, which could fuel a generational divide.
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In President Trump's first term, he negotiated the US-Mexico-Canada Agreement (USMCA). The decision by the White House to let it lapse now threatens the Texas economy.
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The Federal Reserve held its benchmark interest rate steady this week. But markets are acting as if higher interest rates are coming, as the central bank tries to curb stubborn inflation.
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The Federal Reserve met to set U.S. interest rates, but this time, investors are unsure what to expect with Kevin Warsh, the new Federal Reserve Chairman, at the helm.
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The Federal Reserve left its benchmark interest rate unchanged Wednesday. Fed policymakers say they remain committed to curbing stubborn inflation.
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The bankruptcy rate has risen about 48% between 2022 and 2025, although it's still below pre-pandemic levels.
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Record high housing costs have pushed the wealth gap between renters and owners wider than ever. It's been a boon for owners even as many others are priced out.
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The median sales price for an existing home is now more than $440,000, according to the National Association of Realtors.
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AI companies use tokens to track usage and bill customers. Now economists are using them to track the spread of AI through the economy.