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%.
FDIC rescinds guidance on representment NSF fees
The FDIC rescinded a 2023 financial institution letter that had stated that banks’ charging representment nonsufficient funds fees may be a deceptive or unfair practice under section 5 of the Federal Trade Commission Act.










