Local banks say businesses are still taking out loans, despite elevated interest rates. In some cases, that's because they don't want to wait for rates to fall.

Azoria Capital is suing Federal Reserve Chairman Jerome Powell to force the Federal Open Market Committee to open its interest rate meetings to the public.

For the past several months, the average 30-year fixed mortgage rate has sat between 6.5% and 7%. Prospective homebuyers shouldn't hold their breath for that to change anytime soon. On July 30, the Federal Reserve is expected to keep borrowing rates the same at its fifth monetary policy meeting this year.

A federal judge on Monday denied a request by a Donald Trump ally to force the Federal Reserve committee responsible for directing US monetary policy to make its meetings publicly accessible and accused an investment firm of wasting the court’s time.

The Agency founder and CEO Mauricio Umansky discusses record home prices in the United States and why the Federal Reserve should cut interest rates on ‘America Reports.’

A rise in mortgage interest rates has led to a decline in people applying for home loans and homeowners refinancing.

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When the Fed cut short rates in the fall, long-bond yields spiked.