U.S. home prices rose 0.6 percent in September and 1.5 percent in the third quarter, according to the Federal Housing Finance Agency’s House Price Index released today. Prices were up 6.1 percent from a year earlier, marking eight consecutive year-on-year increases of more than 5 percent. The FHFA’s monthly index is calculated using the prices of houses brought with mortgages backed by Fannie Mae and Freddie Mac.
ABA urges House lawmakers to support several banking-related bills
The American Bankers Association today expressed its support for several bills under consideration by the House Financial Services Committee, including legislation on regulatory tailoring, reputational risk and bank merger applications. The committee met for the start of two...