housing market slowdown

Fixed Mortgage Rates Hover Near Lows for 6th Week

The average rate on the 30-year fixed mortgage hovered above its record low for a sixth straight week. But the super-low rates aren't providing a lift to the struggling housing market. Rates have been below 5 percent for all but two weeks this year. Yet this year could be the worst for home sales in 14 years.

Beige Book Report: Economy Has Slowed Down

The latest Beige Book report from the U.S. Federal Reserve confirms what other recent economic reports have suggested: The U.S. economic recovery slowed somewhat in the second quarter, with some regions reporting stalled conditions.