The rate for a 30-year fixed-rate mortgage averaged 6.87% last week, down from the previous week when it averaged 6.95%. A year ago, the 30-year rate was 6.67%. The rate for a 15-year fixed-rate mortgage averaged 6.13%, down from the previous week when it averaged 6.17%. A year ago, the rate was 6.03%.
OCC’s Gould criticizes court ruling to enforce Colorado rate cap
Comptroller of the Currency Jonathan Gould criticized a recent federal court decision leaving in place a Colorado law that caps interest rates and fees on loans to state residents, saying it puts state banks at a competitive disadvantage...
