Mortgage rates edge higher, after five weeks of declines

Mortgage rates edged higher last week, the first increase after five weeks of declines. The 30-year fixed-rate mortgage averaged 3.91% in the week ending June 15, up from 3.89%, Freddie Mac said Thursday. The 15-year fixed-rate mortgage averaged 3.18%, up from 3.16%, while the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged […]

Small Business Optimism Declines As Presidential Election Looms

Small business owners are losing optimism and refusing to expand operations in the run up to November’s high-stakes presidential election. According to researchers at the National Federation of Independent Business (NFIB), America’s Index of Small Business Optimism declined two-tenths of a point in August, settling at 94.4 points. NFIB Small […]