The rate for a 30-year fixed-rate mortgage averaged 7.09% this week, down from last week when it averaged 7.22%. A year ago, the 30-year rate was 6.35%. The rate for a 15-year fixed-rate mortgage averaged 6.38%, down from last week when it averaged 6.47%. A year ago, the rate was 5.75%.
ABA, state associations urge Congress to repeal CFPB’s overdraft rule
ABA joined 52 state bankers associations in expressing strong support for a resolution of disapproval introduced by lawmakers that would invalidate the CFPB’s final rule on overdraft protection.