This is the third consecutive week that mortgage rates have moved higher. The weekly average rate on a 30-year mortgage has remained above 7% since mid August and is now at the highest level since mid-December 2000, when it averaged 7.42%. read more >
The second-quarter expansion of the nation's gross domestic product — its total output of goods and services — marked a modest deceleration from the economy's 2.2% annual growth from January through March. read more >
The pace slowed 8.7% in August from the previous month to a seasonally adjusted annual rate of 675,000 properties, the Department of Commerce reported this week. read more >
Most troubling was the decline in the index measuring future expectations, which tumbled to 73.7 in September from 83.3 in August. Readings below 80 for future expectations historically signal a recession within a year. read more >
The idea that defeating high inflation would require sharply higher unemployment is based on a long-time economic model that may prove ill-suited for the post-pandemic episode. read more >
The average rate on the benchmark 30-year home loan rose to 7.19% from 7.18% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.29%. read more >
Existing home sales fell 0.7% last month from July to a seasonally adjusted annual rate of 4.04 million, the National Association of Realtors said Thursday. That's below the 4.10 million pace that economists were expecting, according to FactSet. read more >
It's the first increase since October. Meanwhile, Arkansas’ labor force participation rate was unchanged. read more >
Wholesale prices are still rising more slowly than consumer costs, a sign that inflation may continue to cool as the weaker wholesale price gains translate into smaller price increases for the consumer. read more >
The average rate on the benchmark 30-year home loan rose to 7.18% from 7.12% last week, according to Mortgage buyer Freddie Mac on Thursday. A year ago, the rate averaged 6.02%. read more >
At the same time, the official poverty rate for Black Americans dropped to its lowest level on record. read more >
Population growth in central Arkansas has slowed since 2010 to about 0.5% annually, Metroplan, the area’s planning agency, noted in a report released in July. read more >
Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 7.12% from 7.18% last week. A year ago, the rate averaged 5.89%. read more >
U.S. applications for jobless claims fell by 13,000 to 216,000 for the week ending Sept. 2, the Labor Department reported Thursday. That's the lowest level since February. read more >
Last month's job growth marked an increase from July's revised gain of 157,000 but still pointed to a moderating pace of hiring compared with the sizzling gains of last year and earlier this year. read more >
Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 7.18% from 7.23% last week. A year ago, the rate averaged 5.66%. read more >
It raises the likelihood that the Fed will leave interest rates unchanged when it next meets in late September. read more >
The government had previously estimated that the economy expanded at a 2.4% annual rate last quarter. read more >
The number of job vacancies dropped to 8.8 million last month, the Labor Department said Tuesday, the fewest since March 2021. read more >
The number of Americans applying for jobless benefits fell last week by 10,000, to 230,000 the week ending August 19, the Labor Department reported Thursday. read more >
