The rate for a 30-year fixed-rate mortgage averaged 6.2% this week, down from last week when it averaged 6.35%. A year ago, the 30-year rate was 7.18%. The rate for a 15-year fixed-rate mortgage averaged 5.27%, down from last week when it averaged 5.47%. A year ago, the rate was 6.51%.
As the housing market transitions into the fall season, residential construction and mortgage loan demand could fall as the peak homebuying period comes to an end.
The Senate passed by unanimous consent a House bill to require dating websites to notify users about possible romance scams.
A proposed Senate bill would raise the asset-based regulatory thresholds for banks and establish a process to update them periodically going forward.
The OCC released the second quarter 2026 mortgage metrics report, which showed that 97.7% of first-lien mortgages in the federal banking system were current and performing at the end of the quarter. The figure was unchanged from the...
The Federal Housing Administration proposed to “modernize and strengthen” its minimum property requirements for single-family housing by aligning them with other industry standards.
ABA's Economic Advisory Committee expects the U.S. economy to continue expanding at a solid pace through the remainder of 2026 and into 2027. This growth will come even as the group projects inflation will remain above the Federal...
