Fed minutes: Officials deeply divided over future path of U.S. inflation

Federal Reserve minutes show officials remain split on where rates should go next, with some worried inflation will stay high because of the Iran war, AI-related costs and consumer expectations. The Fed kept rates unchanged in June, but policymakers were divided on whether to raise, hold or lower ra

Hurricane season now envisioned ‘well below normal’

Storm forecasters have further downgraded predictions a little more than a month into the 2026 Atlantic hurricane season, which has so far produced a single named tropical system.

Rates Recover Modestly

Mortgage rates were rapidly approaching 10-month highs as of yesterday afternoon. They managed a friendly bounce today, but it was fairly small with the average lender dropping 0.03% to 6.5% for a top-tier 30yr fixed scenario. One reason for caution is that the rate improvement looks to be dependent

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%, Freddie Mac reported, pushing up borrowing costs for prospective homebuyers.