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Average U.S. long-term mortgage rate falls to 6.48%

Economic Activity 06/04/2026

The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. The benchmark 30-year fixed...

BALANCED APPROACH: Jillian J. DeShiro, executive vice president and chief financial and operating officer at Centreville Bank, says banks need to be able to operate in a high-rate environment and a low-rate environment “because you don’t get to choose which one you’re in.”  PBN PHOTO/MICHAEL SALERNO

Will interest rates drop as anticipated in 2026?

Economic Activity 01/16/2026

For Rhode Island’s business owners, homeowners and lenders, 2026 is shaping up to be a year defined in part by two questions: When will...

Powell says Fed ‘well positioned’ for the ‘risks and uncertainties’ that...

Economic Activity 02/11/2025

WASHINGTON (AP) – The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job...

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