Browsing: holiday spending

Mortgage rates fell again over the Christmas holidays, with the average 30-year fixed mortgage dipping to 6.18%, according to Freddie Mac. Despite easing borrowing costs, mortgage applications for both purchases and refinancing continued to decline.

Holiday retail spending rises 4.2% as e-commerce and electronics lead growth despite inflation concerns, Visa report shows.

As U.S. consumers grow wary of the economy ahead of the holiday season, spending cuts—especially among Gen Z and millennials—signal fading financial resilience.