Applications open: Applications are open for the Baton Rouge Area Chamber’s new Drive Minority Business Accelerator through July 29. The yearlong program, which begins in September, is designed for minority business owners who want to take their business to the next level. Get more information.
Slight dip: After rising steadily for three weeks, mortgage rates dipped slightly last week, prompting a small increase in refinance activity. Activity from homebuyers, however, pulled back further, leaving total mortgage demand basically flat from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. CNBC has the full story.
Getting more use: The number of people taking out new credit cards has surged as more Americans are using them to keep up with high prices, USA Today reports. According to a recent report from the Federal Reserve, revolving credit (credit cards and lines of credit) increased by 19.6% from the previous year to $1.103 trillion. Read more.