The rate for a 30-year fixed-rate mortgage averaged 7.1% this week, up from last week when it averaged 6.88%. A year ago, the 30-year rate was 6.39%. The rate for a 15-year fixed-rate mortgage averaged 6.39%, up from last week when it averaged 6.16%. A year ago, the rate was 5.76%.
The Senate Banking Committee will hold a hearing next week on the nomination of Kevin Warsh to become the next chairman of the Federal Reserve.
The FDIC has appointed community banker Trey Maust as chief innovation officer. In his new position, Maust will promote the adoption of innovative technologies within the agency and across the financial services sector.
The sharp drop in optimism and increase in uncertainty can be tied to the concerns around the impact of the conflicts in the middle east and the effects on supply chains like energy, chemicals and fertilizers.
Proposed acquisitions announced of banks in Texas, Kansas and Louisiana.
Legislation to hold social media companies accountable for the scam ads appearing on their platforms would reduce consumer fraud losses by targeting “a key entry point” for the crime, ABA and 52 state bankers associations said in a...
The Office of Foreign Assets Control did not extend a one-month exemption on sanctions for Russian oil exports, which expired on April 11.
