The rate for a 30-year fixed-rate mortgage averaged 4.08 percent this week, up from last week’s 4.02 percent, Freddie Mac said today. At this time last year, the 30-year FRM rate averaged 4.12 percent. This week’s 15-year FRM rate averaged 3.24 percent, up from last week’s 3.21 percent rate. A year ago, the 15-year FRM rate averaged 3.22 percent.
ABA, associations urge CFPB to rescind changes to adjudication process
ABA joined three associations in voicing support for a CFPB proposal to rescind a set of changes to the bureau’s rules that, among other things, gave its director authority to resolve adjudication hearings overseen by the agency.