The rate for a 30-year fixed-rate mortgage averaged 6.46% this week, down slightly from last week when it averaged 6.49%. A year ago, the 30-year rate was 7.23%. The rate for a 15-year fixed-rate mortgage averaged 5.62%, down from last week when it averaged 5.66%. A year ago, the rate was 6.55%.
The cumulative trading revenue of U.S. commercial banks and savings associations was $16.6 billion in the second quarter of 2025.
Existing home sales decreased 0.2% in August from the previous month to a seasonally adjusted annual rate of 4 million, the National Association of Realtors reported.
The rate for a 30-year fixed-rate mortgage was 6.3% this week. The rate for a 15-year fixed-rate mortgage was 5.49%.
New orders for manufactured durable goods increased $8.9 billion or 2.9% to $312.1 billion in August, the U.S. Census Bureau said in its most recent advance report.
Real gross domestic product increased at an annual rate of 3.8% in the second quarter of 2025, according to the third estimate released by the U.S. Bureau of Economic Analysis.
ABA joined with the Consumer Bankers Association in urging the CFPB not to limit its authority to supervise nonbanks that pose an immediate risk of harm to consumers.
