News

Mortgage rates rose this week to the highest level in a year, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.66% from last week's reading of 6.58%. The average rate on a 30-year loan was 6.72% a year ago."The housing market continues to benefit from more available inventory, providing prospective homebuyers with additional […]

FIRST ON FOX: The Trump administration is sending notices of intent to 100 agents affiliated with the Obamacare marketplace who allegedly violated the exchange’s standards of conduct by submitting insurance applications without recipients’ Social Security numbers or other identifying information.The Centers for Medicare & Medicaid Services (CMS), led by Dr. Mehmet Oz, alleged that agents did this "repeatedly."A marketplace agent is a professional who helps people shop for healthcare through […]

U.S. economic growth slowed unexpectedly in the second quarter of the year, according to the Commerce Department's advance estimate.The Bureau of Economic Analysis (BEA) on Thursday released its advance estimate of second-quarter GDP, which showed the economy grew at an annualized rate of 1.5% in the three-month period including April, May and June. That figure was below the 2.1% growth estimate of economists polled by LSEG.It comes after the U.S. economy grew […]

The Federal Reserve's preferred inflation gauge fell in June, as the pace of price growth pulled back amid volatility in energy markets.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index declined 0.1% on a monthly basis in June and was up 3.7% from a year ago. Both figures were in line with the expectations of economists polled by LSEG.Core PCE, which excludes volatile measurements of food and energy […]