Mortgage rates drop slightly

The Financial Stability Oversight Council will take an expanded view of the term “financial stability” moving forward by examining whether regulation weakens economic growth and what can be done to strengthen the nation’s economic security, Treasury Secretary Scott...

The Federal Reserve board unanimously reappointed the Reserve Bank presidents and first vice presidents. By law, all presidents and first vice presidents serve five-year terms.

Republican subcommittee members called for a “right-sized” framework that doesn’t overly burden smaller institutions and one Democratic leader promised a “fight” against reducing current requirements.

The rate for a 30-year fixed-rate mortgage was 6.22% this week. The rate for a 15-year fixed-rate mortgage was 5.54%.

The Hill newspaper announced that ABA President and CEO Rob Nichols, Chief Policy Officer Naomi Camper and EVP of Congressional Relations and Legislative Affairs Kirsten Sutton were named to its list of the 2025 top lobbyists

The OCC said it is continuing to review thousands of documents and consumer complaints but claimed to find instances where banks may have restricted access.