Home insurance rates are cooling — but they’ve jumped 45% since 2022

After several years of sharp hikes in premiums and coverage challenges, the U.S. home insurance market is showing early signs of stabilization, according to a new report from digital insurance agency Matic. Affordability remains a top concern, with climate events, deductibles and aging roofs all pla

Adriana D. Kugler, who helps set interest rates, resigns as Fed governor

The Federal Reserve Board announced on Friday that Adriana D. Kugler will step down from her position as governor. Kugler, whose term was set to expire at the end of January 2026, joined the board of governors in September 2023 after being nominated by former President Joe Biden. She submitted her l

Trump meets with big bank CEOs to talk about taking the GSEs public: Bloomberg

President Donald Trump appears to be taking another step to bring Fannie Mae and Freddie Mac out of conservatorship, according to reporting by Bloomberg on Thursday. The president has invited the leaders of some of the country’s biggest banks, including JP Morgan Chase CEO Jamie Dimon, Goldman Sachs

Rocket returns to profitability in Q2, yields early benefits from Redfin deal

Rocket Companies, the parent of Rocket Mortgage, has returned to profitability despite a challenging second quarter for the mortgage industry, marked by economic uncertainties in the U.S. The company is now focusing on integrating the recently acquired real estate brokerage firm Redfin, which has al