The rate for a 30-year fixed-rate mortgage averaged 6.12% this week, up from last week when it averaged 6.08%. A year ago, the 30-year rate was 7.49%. The rate for a 15-year fixed-rate mortgage averaged 5.25%, up from last week when it averaged 5.16%. A year ago, the rate was 6.78%.
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Montana affected by a severe storm and straight-line winds.
A proposed rule to limit voice calls and text messages made using AI would restrict banks’ ability to communicate important information to customers, ABA said.
Rule would have significantly increased the salary level below which an employee is automatically subject to the Fair Labor Standards Act’s overtime and minimum wage requirements.
FHFA said it will continue to prioritize the Federal Home Loan Banks, property insurance and energy efficiency in the housing industry, although whether those issues will remain priorities under the Trump administration is unclear.
With the cost of housing rising and housing construction slowing down, shelter could keep headline CPI elevated past the Fed's 2% target.
More than half of Americans know friends and family members who have been victims of scams, according to a new survey by the credit scoring services firm FICO.
