The average monthly principal and interest (P&I) payment for borrowers purchasing a home using a 30-year fixed-rate loan in July was $2,306, according to new data from Black Knight Inc., now part of Intercontinental Exchange Inc. (NYSE: ICE). That sum, which...
Fasten your seat belts – Federal Reserve Chairman Jerome Powell isn’t done with rate hikes. In a speech this morning before an economic policy symposium in Jackson Hole, Wyoming, Powell insisted that the central bank’s goal of driving inflation down to 2% may require...
In the wake of the pandemic, one word has remained top of mind for the Federal Reserve: inflation. While headline PCE inflation has come down from its peak of 7% last year, it is still running at 5% year-over-year — way above the Fed’s long-run target of 2% annually....
Canadian wildfire smoke isn’t the only thing in the American air today – the latest TransUnion (NYSE: TRU) Consumer Pulse found a heavy cloud of pessimism about the state of the economy mixed with some buoyant optimism about personal finances. First, the bad news. In...
Inflation is hammering homeowners who were previously eager to pursue renovations on their residence, according to a new survey from Discover Home Loans. However, a challenging economy is also keeping most of their homeowners from moving out and searching for a new...
Century Communities Buys HistoryMaker Homes, Tripling Its Dallas–Fort Worth…
