The rate for a 30-year fixed-rate mortgage averaged 6.49% this week, up slightly from last week when it averaged 6.47%. A year ago, the 30-year rate was 7.09%. The rate for a 15-year fixed-rate mortgage averaged 5.66%, up from last week when it averaged 5.63%. A year ago, the rate was 6.46%.
Reported losses from suspected internet crimes exceeded $16 billion in 2024, representing a 33% increase from the year before, the FBI’s Internet Crime Complaint Center said in its annual report.
New single-family homes sales rose to a seasonally adjusted annual rate of 724,000 according to the U.S. Census Bureau and HUD.
Economic activity was little changed since March, but uncertainty around international trade policy was pervasive across the 12 Federal Reserve districts, according to the Fed’s third Beige Book report of the year.
The FDIC announced it is changing the virtual data room contractor used to market failing financial institutions. The agency will use ShareVault VDR for all new projects beginning in May.
Sen. Dick Durbin (D-Ill.) will not seek re-election in 2026. He was the chief architect of the Durbin Amendment and co-sponsor of legislation to impose network routing mandates on financial institutions that issue credit cards.
Community bankers maintain an overall positive outlook on the economy but worry that future business conditions are fading, according to the Conference of State Bank Supervisors.
