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Today’s 30-year mortgage interest rates remain at 6.125% while 15-year rates climb to 5.625%

By: The median interest rate on a 30-year fixed-rate mortgage is 6.125% as of August 28,  which is unchanged from yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.625%, which is 0.125 percentage points higher than yesterday.Interest rate cuts are on the horizon. “The time has come for policy to adjust,”…

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Personal Consumption Expenditures price index rose 0.2 percent in July

By: IE 11 is not supported. For an optimal experience visit our site on another browser.Aug. 30, 202407:02Mika: Democrats have momentum; I hope they grab it and run with it11:06Isn’t it time to start thinking of a new Constitution? Legal scholar says yes05:34Now PlayingPersonal Consumption Expenditures price index rose 0.2 percent in July07:02UP NEXTJason Schwartzman…

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The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut Imminent

By: Inflation held steady in July on a yearly basis, fresh data release on Friday showed, the latest sign that progress toward cooler price increases remains firmly intact.The release of the Federal Reserve’s favorite inflation number, the Personal Consumption Expenditures index, showed that yearly inflation was 2.5 percent. That was in line with both the…

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USDA investing $3.5 million to support rural Arizona’s businesses and residents

The USDA is providing $3.5 million in loans and grants to support rural Arizona’s entrepreneurs, clean energy and community infrastructure. PHOENIX – Rural Arizona will see $3.5 million come its way in hopes to support its small businesses and residents. The U.S. Department of Agriculture announced the multi-million dollar loans and grants will aid business…

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