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Federal Reserve keeps interest rates unchanged

WASHINGTON (AP) – The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6%...

SEC filing of the week: Beeline Holdings eyes $100M in annual...

PROVIDENCE – Beeline Holdings Inc., a financial technology mortgage lender, is projecting $100 million in annual revenue within 24 months, according to its filing...
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...

Sluggish hiring closes out a frustrating year for job seekers though...

WASHINGTON (AP) – Sluggish hiring last month closed out a year of weak employment gains that have frustrated job seekers even as layoffs and unemployment have also...

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...

Federal Reserve cuts key rate but signals higher bar for future...

WASHINGTON (AP) – The Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signaled that it may...

Fed minutes: Most officials supported more rate cuts but not necessarily...

WASHINGTON (AP) – A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to...

Average long-term U.S. mortgage rate dips to 6.17%, its lowest level...

The average rate on a 30-year U.S. mortgage fell for the fourth week in a row to its lowest level in more than a...

Federal Reserve cuts key rate for second time this year

WASHINGTON (AP) – The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up...
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