Tag: Federal Reserve
Mortgage rates rise for 5th straight week
CHICAGO (AP) – The average long-term U.S. mortgage rate rose for a fifth consecutive week to its highest level in just over a year,...
U.S. economy grows a sluggish 1.5% in Q2 with inflation remaining...
WASHINGTON (AP) – The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth. But consumer spending rose. And...
The Fed leaves interest rate unchanged; hike expected in September
WASHINGTON (AP) – The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused...
Average 30-year U.S. mortgage rate climbs to 6.58%, highest level in...
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers...
Inflation cools more than expected in June
WASHINGTON (AP) – U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while...
Average 30-year U.S. mortgage rate rises to 6.49%
The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers.
The benchmark 30-year fixed rate mortgage...
Most-read stories on PBN.com, June 2026
1. PBN announces 2026 40 Under Forty honorees POSTED ONLINE: JUNE 2. Forty young professionals were selected as the winners of Providence Business News’...
Key inflation gauge jumps to 3-year high in latest sign of...
WASHINGTON (AP) – The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising...
Average 30-year U.S. mortgage rate rises to 6.49%
The average long-term U.S. mortgage rate edged higher this week, staying close to 6.5%, where it’s been the last six weeks.
The benchmark 30-year fixed rate mortgage...
The Fed can do very little about high mortgage rates
The 30-year mortgage rate has been stuck at recent highs well above 6%, and pricey mortgages have been weighing on the housing market more...
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