Morning Minute: Latest Beige Book shows economic growth in many regions of the U.S. this summer

Most of the Federal Reserve’s districts reported moderate to modest growth in July and August, according to the latest Beige Book report. In the Chicago district, construction and real estate activity rose modestly with residential rents, home prices and home sales all increasing slightly. Commercial real estate growth was spread broadly across the retail, industrial and office segments, according to the report. Read Bloomberg’s coverage, “Fed’s Beige Book Says Economy Expanded Across Most Regions.”

In other headlines:

Fixed Mortgage Rates Tick Higher Amid Continued Volatility – Freddie Mac

FHA Proposal Aims to Woo Lenders – NAR Daily Real Estate News

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