The rate for a 30-year fixed-rate mortgage averaged 6.79% this week, down from last week when it averaged 6.87%. A year ago, the 30-year rate was 6.32%. The rate for a 15-year fixed-rate mortgage averaged 6.11%, down from last week when it averaged 6.21%. A year ago, the rate was 5.56%.
ABA urges OCC not to rescind national bank preemption regulations
The OCC should reject a recent request to rescind certain regulations that articulate core national bank preemption standards, which would undermine the strength of the nation’s dual banking system, ABA said in a letter to the agency.