The rate for a 30-year fixed-rate mortgage averaged 6.86% this week, down slightly from last week when it averaged 6.87%. A year ago, the 30-year rate was 6.71%. The rate for a 15-year fixed-rate mortgage averaged 6.16%, up from last week when it averaged 6.13%. A year ago, the rate was 6.06%
ROAD to Housing Act becomes law
Among its homeownership benefits, the legislation also includes provisions related to brokered deposits, bank examinations, de novo bank formation and a mentor-protégé program pairing large financial institutions with smaller depository institutions.









