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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?

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...

Average U.S. long-term mortgage rate hits the lowest point in more...

The average long-term U.S. mortgage rate is now down to its lowest level in more than three years. The benchmark 30-year fixed rate mortgage rate...

Average U.S. long-term mortgage rate ticks down to 6.18% this week

WASHINGTON (AP) – The average rate on a 30-year U.S. mortgage ticked down modestly this week, remaining in the same narrow range of the...

Average U.S. long-term mortgage rate falls to 6.23%, ending a 3-week...

The average rate on a 30-year U.S. mortgage ended a three-week streak of increases, reflecting a pullback in long-term U.S. Treasury bond yields. The average...

Average long-term U.S. mortgage rate slips to 6.27%, nearing a low...

The average rate on a 30-year U.S. mortgage declined again this week, easing to just above its lowest level this year. The average long-term mortgage...

Federal Reserve cuts key rate by a quarter-point, signals 2 more...

WASHINGTON (AP) – The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this...

Average rate on a 30-year mortgage falls to lowest level in...

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly a year, reflecting a pullback in Treasury...

Average rate on a 30-year mortgage holds steady at lowest level...

The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for...

Average rate on a U.S. 30-year mortgage reaches highest level since...

The average rate on a 30-year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for home shoppers...

Average rate on a U.S. 30-year mortgage rises to 6.81%, highest...

The average rate on a 30-year mortgage in the U.S. edged above 6.8% this week, returning to where it was just three weeks ago.  The...
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