Average Long-Term US Mortgage Rate Surges to 7.57%, Highest Level Since 2000
The average rate on the benchmark 30-year home loan rose to 7.57% from 7.49% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.92%.
View Article2 Fed Officials Say Spike in Bond Yields May Allow Central Bank to Leave...
The rate hikes have been intended to defeat the worst bout of inflation in more than 40 years. But they have also led to much higher borrowing rates and sparked worries that they could trigger a...
View ArticleToday’s Bank Expands to Benton County
The $332 million-asset lender is poised to start doing business through a newly built 2,800-SF full-service branch at 181 Slack St. in Pea Ridge.
View ArticleAlisa Kelly Promoted to Senior VP & Director of Audit at Chambers Bank...
She has 22 years of bank accounting experience and has served as the controller for the bank since 2013.
View ArticleMore States are Teaching Financial Literacy. It Could Pay Off for Students...
At the same time, a general dislike for math remains an obstacle among young people.
View ArticleBiden is Trying Again on Student Loan Forgiveness. Here's Where the Process...
Meanwhile, federal student loan borrowers began making payments again this month after a three-year-plus pause due to the pandemic.
View ArticleWhite River Bancshares Profit Drops Sharply in Q3
Higher funding costs continue to impact the Fayetteville lender's bottom line.
View ArticleRetail Sales Rise Solid 0.7% in September, Reflecting US Shoppers' Resilience
The increase was more than twice what economists expected.
View ArticleRecreational Project Attracts $2M Sale (Real Deals)
FRHP Lincolnshire LLC, an affiliate of Freedom Roads/Camping World of Lincolnshire, Illinois, acquired the Crain RV facility at 9801 Interstate 30.
View ArticleHome BancShares Income Falls 9% in Q3
Deposits continued sliding in the quarter and are now down 15% since the company's acquisition of Centennial Bank last year.
View ArticleFed Chair Powell: Inflation Remains Too High, More Rate Hikes Could Be Needed
Powell noted that inflation has cooled significantly from a year ago. But he cautioned that it's not yet clear whether inflation is on a steady path back to the Fed's 2% target.
View ArticleAverage Long-Term US Mortgage Rate Continues Creeping Toward 8%
The average rate on the benchmark 30-year home loan rose to 7.63% from 7.57% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.94%.
View ArticleBank OZK Posts Third Straight Quarter of Record Profit
Net income surged 32% from the same period a year ago.
View ArticleArkansas Unemployment Rate Rises to 2.9%
The rate has moved up the past two months after falling to a record low of 2.6% in June and July.
View ArticlePublic Pensions, Private Equity: ATRS and APERS Exceed Targets with Diverse...
Both systems, the state’s largest pension funds, exceeded their goals for returns after a dismal fiscal 2022, and both also have new leaders fresh out of state agencies.
View ArticleGreenwood Gearhart Breaks $1B AUM Barrier
Fayetteville firm Greenwood Gearhart, started in 1982, is now in a rarefied league, CEO Brock Gearhart says.
View ArticleAsset Ascent: Three Investment Firms See 40%+ Asset Growth
The biggest of the bunch is Legacy Capital Wealth Partners (No. 7), which nearly doubled its $560 million total in 2022. The Little Rock firm’s almost 82.5% climb propelled it beyond $1 billion this year.
View ArticleUnveiling the Owners of Enlightened Dispensary Morrilton
The medical marijuana dispensary sold last year after the previous owners paid heavy taxes, according to a lawsuit.
View ArticleNorth Little Rock Hotel Pays $250K in Back Taxes
The owner of the 137-room Country Inn & Suites at 120 W. Pershing Blvd. in North Little Rock paid over $250,000 to cover back taxes for 2019-21.
View ArticleNavigating Interest Rates & New Markets with Buddy Harding
Buddy Harding joined Carty & Co. of Memphis in February 2022 as a senior vice president, stockholder, director and manager of the Little Rock office
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