The rate for a 30-year fixed-rate mortgage averaged 6.54% this week, up from last week when it averaged 6.44%, according to Freddie Mac. A year ago, the 30-year rate was 7.79%. The rate for a 15-year fixed-rate mortgage averaged 5.71%, up from last week when it averaged 5.63%. A year ago, the rate was 7.03%.
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.
More than half of web traffic is now automated with financial institutions a top target for malicious bots, according to a new report by the cybersecurity firm Imperva.
ABA urged the FCC to vote to issue a proposal that would impose a new call authentication requirement designed to limit criminal access to the U.S. calling network.
The Federal Reserve is proposing to change how it conducts stress tests for large banks to reduce the volatility of the capital requirements that stem from the tests
