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Homebuyers’ Quandary: To Wait or Not To Wait for Lower Mortgage Rates

While an average rate on a 30-year home loan of just under 7% is not far from the historical average, that’s little consolation to homebuyers.

Retail Sales Surge 0.7% in March as Americans Seem Unfazed by Higher Prices

“Retail sales aren’t increasing just because prices are going up,” said Ted Rossman, senior industry analyst at Bankrate. “Americans are actually buying more stuff.”

Average Long-Term US Mortgage Rate Edges Closer to 7%, Rising to Highest Level Since Early March

The average rate on a 30-year mortgage rose to 6.88% from 6.82% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.27%.

Higher Gas and Rents Keep US Inflation Elevated, Likely Delaying Fed Rate Cuts

The costs of owning a vehicle were a key reason why prices jumped last month: Auto insurance surged 2.6% in March and are up a dramatic 22% from a year ago.

Agriculture & Poultry / Business Services / Construction / Manufacturing / Restaurants & Food / Small Business / Transportation

How Immigrant Workers in US Have Helped Boost Job Growth and Stave Off a Recession

MIAMI (AP) — Having fled economic and political chaos in Venezuela, Luisana Silva now loads carpets for a South Carolina rug company. She earns enough to pay rent, buy groceries, […] read more >
Banking & Finance / Real Estate

Homebuyers’ Quandary: To Wait or Not To Wait for Lower Mortgage Rates

While an average rate on a 30-year home loan of just under 7% is not far from the historical average, that’s little consolation to homebuyers. read more >
Restaurants & Food / Retail / Small Business

Retail Sales Surge 0.7% in March as Americans Seem Unfazed by Higher Prices

“Retail sales aren’t increasing just because prices are going up,” said Ted Rossman, senior industry analyst at Bankrate. "Americans are actually buying more stuff." read more >
Banking & Finance / Real Estate

Average Long-Term US Mortgage Rate Edges Closer to 7%, Rising to Highest Level Since Early March

The average rate on a 30-year mortgage rose to 6.88% from 6.82% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.27%. read more >
Banking & Finance

Mobile Banking Usage Grows to 64% of US Account Holders

The share of bank account holders in the United States who used mobile banking reached 64% in the fourth quarter of 2023, a six percentage point increase over the rate […] read more >
Small Business

US Applications for Jobless Benefits Rise to Highest Level in Two Months, but Layoffs Remain Low

Many economists thought rapid rate hikes could potentially tip the country into recession, but jobs have remained plentiful. read more >
Government & Politics / Retail / Small Business

State Tax Revenue Rises 8.2% in March

Collections were above forecast primarily due to higher sales tax and individual income tax collections. read more >
Government & Politics

US Job Openings Rise Modestly to 8.8 Million in February in Strong Labor Market

WASHINGTON (AP) — U.S. job openings barely changed in February, staying at historically high levels in a sign that the American job market remains strong. The Labor Department reported Tuesday […] read more >
Energy

Here are the Big Hurdles to the Global Push to Build Up Renewable Energy

The world’s governments have agreed they want to triple renewable energy by 2030, a goal laid out at the U.N. climate summit in December. But right now, the post-pandemic global […] read more >
Construction / Real Estate

US Home Prices Median Hits $417,700

The median sale price of a house sold in the United States stood at $417,700 in the fourth quarter of 2023. Although high by historical standards, that was a decline […] read more >
Banking & Finance / Government & Politics / Manufacturing

US Economic Growth for Last Quarter is Revised Up to a Healthy 3.4%

It marked the sixth straight quarter in which the economy has grown at an annual rate above 2%. read more >
Small Business

Small Business Hiring Woes Show Signs of Easing as Economy Stays Strong

The CBIZ Small Business Employment Index reported a seasonally adjusted increase of 0.17% in February as the U.S. economy stays strong despite high interest rates. read more >
Banking & Finance / Investments / Manufacturing / Restaurants & Food / Retail / Small Business

US Consumers Remain Confident, but Their Feelings About the Near Future are a Bit More Cloudy

The Conference Board, a business research group, said Tuesday that its consumer confidence index ticked down to 104.7 in March from a revised 104.8 in February. read more >
Banking & Finance / Business Services / Construction / Education / Government & Politics / Health Care / Manufacturing / Restaurants & Food / Small Business / Tourism

State Jobless Rate Dips to 3.6% in February

It's the first decline since the rate began rising from the record low of 2.6% in June. read more >
Banking & Finance / Real Estate

Average Long-Term US Mortgage Rate Climbs Back to Nearly 7% After Two-Week Slide

The average rate on a 30-year mortgage rose to 6.87% from 6.74% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.42%. The average rate is now just below where it was two weeks ago. read more >
Real Estate

February Home Sales Hit Strongest Pace in a Year

The pickup in sales helped push up home prices compared with a year earlier for the eighth month in a row. read more >
Small Business

Inflation Remains a Headache for Small Business Owners

The National Federation of Independent Businesses' Optimism Index fell to 89.4 in February. It's been below the 50-year average of 98 for 26 straight months. read more >
Agriculture & Poultry / Government & Politics / Insurance / Legal / Nonprofits

US Farms are Increasingly Reliant on Contract Workers Who are Acutely Exposed to Climate Extremes

Some states have patchwork heat regulations in place for farm workers, but there are no federal rules about heat exposure in the U.S. And making a formal complaint can be fraught, though it’s a legal right. read more >
Banking & Finance / Business Services / Small Business

21% of US Businesses are Minority-Owned

Of the about 5.9 million employer businesses in the United States in 2021, 1.2 million, or 21%, were minority-owned; 406,086, or 6.9%, were Hispanic-owned; and 1.3 million, or 22%, were […] read more >
Banking & Finance / Government & Politics / Public Companies / Restaurants & Food / Retail / Small Business

February Retail Sales Up 0.6%, Weaker Than Expected

February's number was lifted in part by higher gas price as well as higher auto sales and a rebound in building materials. read more >