Mortgage rates trended slightly downward on Thursday after the Federal Reserve held firm on its rate policy, maintaining a wait-and-see stance despite mounting political pressure. The average rate on 30-year fixed home loans registered 6.72% for the week ending July 31, down just slightly from 6.74% last week, according to Freddie Mac. Rates averaged 6.73%
Jul. 31—Students at Calhoun and Athens State can expect changes in federal student loans and grants made by the One Big Beautiful Bill Act starting next year, and Alabama’s nearly 660,000 federal student loan borrowers currently in repayment may see more immediate effects. Calhoun Community College Director of Student Financial Services Melissa Creasy said the
The US Consumer Financial Protection Bureau (CFPB) plans to revise the open banking regulations initially adopted under former President Joe Biden, reported Reuters. CFPB’s decision follows a federal judge’s pause on a lawsuit aiming to strike down these regulations, allowing the agency time to replace them with a new version. The consumer finance watchdog, under
The Japanese government agreed as part of a trade deal to invest $550B into a fund that President Donald Trump will direct toward boosting U.S. production across various industries, stimulating industrial demand. Japan’s Minister of State for Economic and Fiscal Policy Ryosei Akazawa and President Donald Trump meet in the Oval Office on April 16. Japan’s
Mortgage rates showed little movement Thursday as markets awaited the Federal Reserve’s rate policy decision next week. The average rate on 30-year fixed home loans registered 6.74% for the week ending July 24, down just barely from 6.75% last week, according to Freddie Mac. Rates averaged 6.78% during the same period in 2024. “This week,
Senate lawmakers finalized plans Wednesday for a new home loan safety net program designed to prevent veterans from facing foreclosure, replacing a similar but controversial effort canceled by Veterans Affairs officials earlier this year. The bill, known as the VA Home Loan Program Reform Act, had previously passed the House and now awaits President Donald
More than 120,000 veterans and their family members still collect paper checks from the Department of Veterans Affairs by mail for disability, survivor support and other compensation. The VA is pushing veterans to receive the money directly deposited to a bank account. (Stars and Stripes) WASHINGTON — The Department of Veterans Affairs is making a
President Donald Trump made more than $10 million last year selling items like watches, sneakers, Bibles, and guitars. But the most money came from a cryptocurrency platform, according to a new financial disclosure. Trump has promoted these items to supporters, despite critics accusing him of using his political fame for personal profit.(AFP) The report, released
Markets hate volatility. Since President Donald Trump regained power, the country has seen a ton of it. Commercial real estate finance professionals holding out hope for a semblance of stability to push the Federal Reserve to lower interest rates could be disappointed as tariffs make a near-term rate drop less and less likely, CRE Finance Council President and CEO Lisa Pendergast said. What’s
This month, approximately $529K in bitcoin hit the digital wallet of Miami-based developers Rilea Group and Cipres. In exchange, they handed over the keys to a luxury condo unit at their under-construction The Rider Residences near the Wynwood neighborhood. It was the group’s first direct wallet-to-wallet cryptocurrency transaction and among the few instances in which bitcoin has been used to trade real