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 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.
Two former National Credit Union Administration board members have filed a lawsuit in federal court challenging their terminations, calling the decision by President Trump “patently unlawful.”
The banking sector remains sound and resilient overall, and most banks continue to report capital levels well above regulatory requirements, the Federal Reserve said in its first Financial Stability Report of 2025.
The FCC voted to advance an ABA-backed proposal to create a new call authentication requirement designed to limit criminal access to the U.S. calling network.
A federal court in California issued a temporary restraining order preventing enforcement of a FinCEN order requiring money services businesses to report certain cash transactions along part of the U.S.-Mexico border.
The Small Business Administration has reinstated stronger underwriting requirements for 7(a) loans through the issuance of a Standard Operating Procedure document.
