The rate for a 30-year fixed-rate mortgage averaged 7.17% this week, up from last week when it averaged 7.1%. A year ago, the 30-year rate was 6.43%. The rate for a 15-year fixed-rate mortgage averaged 6.44%, up from last week when it averaged 6.39%. A year ago, the rate was 5.71%
ABA Chair-Elect Cathy Owen of State Holding Company in Little Rock, Arkansas, delivered the keynote address during the graduation ceremony, which saw students receive Stonier diplomas and Wharton leadership certificates.
The American Bankers Association, joined by the Consumer Bankers Association, expressed support for the Consumer Financial Protection Bureau’s proposal to maintain the confidentiality of decisions to exercise the agency’s supervisory authority over a nonbank entity that may pose...
Overall satisfaction with U.S. national banking apps is 669 on a 1,000-point scale, up 18 points from 2024. At the same time, the gap in satisfaction between best-performing and lowest-performing apps and bank websites shrunk to its lowest...
The Trump administration has rolled back a broad range of banking guidance and regulatory proposals made in the last few years, and while bankers are used to regulatory whiplash when administrations change, it is possible some of changes...
The Consumer Price Index increased 0.1% in May on a seasonally adjusted annual basis, after rising 0.2% in April, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.4%.
In a memo sent in advance of the markup, ABA noted that H.R. 2808 would “curb the abusive use of mortgage credit ‘trigger leads’ while narrowly preserving them for legitimate, transparent and accountable uses.”
