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Average Long-Term US Mortgage Rate Falls to 7.12%

Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 7.12% from 7.18% last week. A year ago, the rate averaged 5.89%.

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Fewer Apply for Home Loans as Borrowing Costs, Rising Prices Shut Out...

An index that tracks mortgage application volume shows applications for loans to buy a home fell last week to the lowest level in 28 years, according to the Mortgage Bankers Association.

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The 2023 20 In Their 20s: Arkansas' Rising Young Leaders

Our annual list of engaging young leaders who are doing great things for Arkansas' people and economy.

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Unprecedented Growth: Arkansas Property Values Skyrocket in 2023 Reappraisal

Montgomery, Crawford, and Washington Counties lead Arkansas property value surge.

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Tomorrow’s Leaders Today (Lance Turner Editor's Note)

As we did with this year’s 40 Under 40 class, we asked each of these honorees a variety of questions about Arkansas’ strengths, its challenges and ways it can be more attractive to young professionals....

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Every Cloud … (Editorial)

We know an editor who says her favorite word is “context.” She is a good editor.

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A Hard Sell: Home Prices Soar While Sales Plummet

Rising mortgage rates and low inventory hit Arkansas home sales hard.

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Winner’s Plaza Sale Surpasses $1.2 Million (Real Deals)

The 10,168-SF office project in Maumelle was purchased by Siya Properties LLC.

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Arkansas Capital Corp. Board of Directors Elect Chair, Vice Chair (Movers &...

Carroll Penick and Bryan Scoggins have been elected.

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Little Rock Area Population Growth Slows

Population growth in central Arkansas has slowed since 2010 to about 0.5% annually, Metroplan, the area’s planning agency, noted in a report released in July.

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IRS Plans to Crack Down on Millionaires to Collect Back Taxes

The agency said 1,600 millionaires and 75 large business partnerships owe hundreds of millions of dollars in past due taxes.

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Sharply Higher Gas Prices Pushed Up Inflation in August, Yet Underlying Price...

Despite the seemingly divergent figures, the decline in the core measure points to inflation coming under control.

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Update: Governor Signs Tax Cuts, FOIA Changes Into Law

About 1.1 million individual income taxpayers will receive a tax reduction.

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Average Long-Term US Mortgage Rate Edged Up to 7.18% This Week

The average rate on the benchmark 30-year home loan rose to 7.18% from 7.12% last week, according to Mortgage buyer Freddie Mac on Thursday. A year ago, the rate averaged 6.02%.

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Colliers President Isaac Smith on the 'New Normal' of Commercial Real Estate

Smith joined Colliers in 2003 as a broker, became a principal in 2009 and was named president in 2017.

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IRS Freezes Pandemic-Era Tax Credit Due to Influx of Fraudulent Claims

The Employee Retention Credit was designed help small businesses keep paying their employees during the height of the pandemic if they were fully or partly suspended from operating.

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Q1 Loss Lingers For Arvest Bank

Fayetteville’s Arvest Bank lost nearly $1.4 million for the six months ending June 30, compared with an $81 million profit during the first half of 2022.

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2 Promoted at First Community Bank (Movers & Shakers)

Staci Avery and Jennifer Scarbrough join First Community Bank of Batesville.

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Federal Reserve Poised to Leave Rates Unchanged as it Tracks Progress Toward...

The focus for Wall Street investors and analysts now is shifting toward what comes next. Some clues could come in the updated interest rate projections it releases each quarter and at a news conference...

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Union Bankshares of Mena to Combine Bank Charters

Union Bankshares Inc. of Mena says it will combine its two bank charters, Union Bank and First National Bank at Paris, and operate all its bank branches under one name, Union Bank.

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