Mortgage applications in the US declined last week even though mortgage rates dropped slightly. The Mortgage Bankers Association’s (MBA) seasonally adjusted index showed that total mortgage applications dropped 5.3% from the previous week. The average interest rate on 30-year fixed-rate mortgages w»»»

US economic conditions are firming, with continued consumer spending and strength beyond the artificial intelligence sector keeping the Federal Reserve focused on inflation, Richmond Fed President Tom Barkin said on Tuesday. “The risks to inflation outweigh the risks to maximum employment. That’s w»»»

From gas to housing to groceries, consumers can’t escape inflation in their everyday lives. So why can’t policymakers agree on what the data is telling them – and if prices are falling fast enough? With tariffs pushing up prices of goods and energy markets swinging on geopolitical news, the Federal»»»

Search/en In recent weeks, the American Bankers Association and Bank Policy Institute sent several letters to Congress attacking the GENIUS Act, bipartisan stablecoin legislation that was passed and became law after thorough and careful compromise. Their arguments don't cite newly discovered risks »»»

WASHINGTON - The US banking industry is warning that President Donald Trump’s plans to lower credit card costs would make credit less available and hurt consumers and businesses. Mr Trump said on Jan 9 that effective Jan 20, the first anniversary of his administration, he was calling for a 10 per c»»»

The US banking industry is warning that US President Donald Trump's plans to lower credit card costs would make credit less available and hurt consumers and businesses. Trump said Friday that effective January 20, the first anniversary of his administration, he was calling for a 10 per cent cap on »»»

US banks have flagged concerns over President Donald Trump’s call to sharply cut credit card interest rates, warning that such a move could restrict access to credit and hurt households and small businesses that rely heavily on cards, AFP reported.Trump said on Friday that from January 20, marking »»»

Agencies The US Federal Reserve pushed forward with an interest rate cut as inflation fears continue to take a backseat to concerns about a stalling labour market. It came despite the US government shutdown, nearing its one-month mark, which left central bankers “flying blind” about the state of jo»»»

See all topics Link Copied! Follow The Federal Reserve’s rate cut this week is rippling through the housing market, sending mortgage rates lower and spurring a jump in refinancing. The 30-year fixed mortgage rate averaged 6.26% for the week ending September 18, down from 6.35% last week, according »»»

Via SchiffGold.com, Along with Trump, market watchers are salivating for rate cuts. But rates should be higher, not lower - and in a free market, they would be. In a free market, interest rates are determined by the supply and demand for credit. Savers provide capital (supply) while borrowers like »»»

The interest rate for the most popular U.S. home loan dropped to 6.61% last week, the lowest since October, boosting mortgage applications despite global stock tumbles following Trump's tariffs. Mortgage applications increased by 20% to the highest level since September. Representative image.The in»»»