The rate for a 30-year fixed-rate mortgage averaged 3.89 percent this week, up from last week’s 3.84 percent, Freddie Mac said today. At this time last year, the 30-year FRM rate averaged 4.1 percent. This week’s 15-year FRM rate averaged 3.09 percent, up from last week’s 3.06 percent rate. A year ago, the 15-year FRM rate averaged 3.24 percent.
ABA, associations endorse bill to ban abuse of mortgage trigger leads
ABA and 16 groups are urging lawmakers to pass legislation banning the practice of credit reporting firms selling consumer contact information to lenders who then barrage those same consumers with unwanted solicitations.