Pending home sales fell 5.5% in July from the prior month, the National Association of Realtors said today. The pending home sales index—a forward-looking indicator based on contract signings—decreased to 70.2. Year over year, pending transactions were down 8.5%.
The rate for a 30-year fixed-rate mortgage was 6.83% this week. The rate for a 15-year fixed-rate mortgage was 6.03%.
Three House lawmakers are asking the IRS to update and expand the list of services and treatments for chronic diseases covered under employer-sponsored high-deductible health plans.
ABA is asking Congress to include legislation to help farmers and rural communications in its budget reconciliation process, pointing to the increasingly difficult economic situation facing many farmers and ranchers.
Housing starts decreased by 11.4% in March from the month prior to a seasonally adjusted annual rate of 1.32 million, the Commerce Department reported.
A new survey conducted by Morning Consult on behalf of the ABA Foundation found U.S. adults strongly support youth financial education being taught in schools.
The OCC announced an organizational restructuring that will include combining its Midsize and Community Bank Supervision department with its Large Bank Supervision department.
