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Average Long-Term Mortgage Rate Falls a Fourth Straight Week

Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell to 6.09% from 6.13% last week. That's the lowest level since September.

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Main Street Projects Acquired for $10.3M (Real Deals)

Prominent mixed-use redevelopments in downtown Little Rock changed hands in tandem deals totaling $10.34 million.

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Amanda Matthews Named Senior Sales Director at New Nexus Group (Movers &...

Matthews will serve as the strategic leader in merchandising for the company’s partner brands.

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Stone Bank Draws $88M-$90M Deal

Where the final price lands depends on the adjustments at closing.

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An Unexpected Job Surge Confounds the Fed's Economic Models

Friday's jobs report suggests the possibility that the long-standing connection between a vigorous job market and high inflation has broken down.

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State Chamber, Associated Industries of Arkansas Name 2023 Board Members

Gary Head was elected chair of the State Chamber, and Greg Williams was picked to lead the AIA board.

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Bank of Fayetteville Promotes 2 Execs, Hires New Market President

Matt Mason has returned to The Bank of Fayetteville as president of the northwest Arkansas market.

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Joy Hapeman, Alex Sanchez Join Arvest Opportunity Fund

The new non-bank subsidiary provides loans and lines of credit to small business below bank loan requirements.

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Average Long-Term US Mortgage Rates Inch Back Up This Week

Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate inched up to 6.12% this week from 6.09% last week. The average rate a year ago was 3.69%.

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Colten Nix Joins First Community Treasury Team

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2 in Arkansas Join St. Louis Fed Community Banking Council

They join a third Arkansas banker on the panel.

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Fayetteville's Bradberry Building Sells for $2.75M

The Fayetteville Chamber of Commerce sold the 24,600-SF, two-story building for $2.75 million to Daugherty Commercial LLC.

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Wellington at Chenal Acquired for $23.6M (Real Deals)

The 176-unit apartment complex in west Little Rock was purchased by 15000 Chenal Parkway LLC.

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Sanders’ Education Reform (Editorial)

Improving education in Arkansas is vital. So is protecting the public school system that undergirds the state’s communities.

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Exporter Challenges for 2023 (Jana Carter Commentary)

Exporters must look out for increased sanctions from the U.S., particularly against Russia and China.

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2 Promoted to Executive VPs at Cromwell Architects Engineers (Movers & Shakers)

Todd Kuhn and Rob Seay have both been with Cromwell around 30 years. In addition, Cromwell has added eight stockholders of the firm.

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More Homeowners Tap Equity Juiced by Soaring Prices

There was about a 47% annual increase in the third quarter of 2022.

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Businesses, Nonprofits Rally Behind Solar Power, Against New Bill

They say the legislation, which would roll back net metering, would cripple the industry.

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US Inflation Slows to 6.4%, but Price Pressures Re-Emerge

So far, most of the slowdown in inflation reflects freer-flowing supply chains and earlier declines in gas prices.

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18% Drop Since 2020 in People With Reported Medical Debt

Still, unpaid medical bills account for more than half of all debt in collections.

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