The rate for a 30-year fixed-rate mortgage averaged 6.95% last week, up from the previous week when it averaged 6.99%. A year ago, the 30-year rate was 6.69%. The rate for a 15-year fixed-rate mortgage averaged 6.17%, up from the previous week when it averaged 6.29%. A year ago, the rate was 6.10%.
Mutual Bancorp in Massachusetts and Bluestone Bank to merge; First Financial in Indiana agrees to buy CedarStone Financial in Tennessee.
House Budget Committee Chairman Jodey Arrington (R-Texas) will not seek re-election to office next year. Before joining Congress, he was chief of staff at the FDIC.
Proposed deal also would reverse the Trump administration's decision to lay off more than 4,000 federal employees, including at the CDFI Fund.
The Federal Housing Finance Agency is currently reviewing a possible deal with FICO to implement the FICO 10T credit scoring model for mortgages, according to a post on X by FHFA Director Bill Pulte.
The Senate cleared a key procedural hurdle needed to end the government shutdown after several Democrats reached a funding deal with Republicans.
A proposal to create a nationwide cap on credit card interest rates would hurt millions of Americans by cutting off access to credit, President Trump’s former campaign adviser Steve Moore said in a new report.
