ABA today filed its third comment letter in response to the decennial EGRPRA regulatory burden review that the federal banking agencies must conduct. The letter covered several issues related to flood insurance and money laundering, including currency transaction reports, suspicious activity reports and BSA exams.
Mortgage rates rise
The rate for a 30-year fixed-rate mortgage was 6.79% this week. The rate for a 15-year fixed-rate mortgage was 6%.