The Federal Reserve Employment was a focal point for the Federal Reserve’s most recent monetary policy deliberations, with officials expressing various levels of concern about its outlook. Policymakers were united in their view that interest rates should remain unchanged during last month’s Federal Open Market Committee meeting, but divides were apparent on several key considerations […]
Fed minutes show focus shifting to employment Read More »
The surge in adjustable-rate mortgages this decade led their share of the market to more than triple over four years at the nation’s largest banks, according to a new Federal Reserve report. Conventional ARM originations at the financial institutions overseen by the Fed accounted for 25.1% of their mortgage originations in the first quarter this
ARMs tripled at banks over past decade Read More »
Black Americans have long faced an uphill struggle to homeownership, and new data suggests that those problems aren’t going away anytime soon. Black homebuyers are 1.7 times more likely to be denied a mortgage than other races, according to the latest report from Lendingtree. In 2024, 19% of Black applicants were denied mortgages, significantly higher
Black Americans still struggle to get mortgages, study finds Read More »