Banking & Finance

TRENDS: Local residential market continues to be strong

Increased prices for homes coupled with low inventory and selling times indicate the Baton Rouge residential market was extremely strong and experienced great demand in 2021.

First-quarter drop in GDP not seen as prelude to recession

The U.S. economy shrank in the first three months of the year, and faces...

Legislation to create new type of loan for low-income borrowers draws critics

State Sen. Rick Ward, R-Port Allen, has proposed creating the “credit access loan,” a new type of financial product for Louisiana, intended for borrowers who can’t qualify for a bank loan. 

Tax Foundation rates Louisiana fifth best for unemployment taxes

The Washington, D.C.-based Tax Foundation ranks Louisiana’s unemployment insurance tax system fifth best in...

Bitcoin in 401(k) becomes reality for more, despite warnings

More workers may soon be able to stake some of their 401(k) retirement savings to bitcoin, as cryptocurrencies crack even deeper into the mainstream.

Inflation is top concern for small business owners  

NFIB’s monthly Small Business Economic Trends report finds that inflation is now the number one problem facing small business owners. 
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Louisiana is the most expensive state for teen car insurance

Louisiana is the most expensive state for adding a teen driver to family insurance coverage, according to new research from Forbes Advisor.

Higher mortgage rates setting stage for housing market slowdown 

Low mortgage rates have helped juice the housing market over the past decade, easing the way for borrowers to finance ever-higher home prices.

Rising mortgage rates could free up Baton Rouge housing inventory by late 2022

If looking for a bright spot to rising mortgage rates, which recently hit 5%,...

Roundup: Louisiana living / New NOLA flights / Mortgage demand 

Housing cost: A family of four in Louisiana spends an average of $11,046 a...