The rate for a 30-year fixed-rate mortgage was 6.78% this week, down slightly from last week when it averaged 6.79%, according to Freddie Mac. A year ago, the rate was 7.44%. The rate for a 15-year fixed-rate mortgage was 5.99%, down slightly from last week when it averaged 6%. A year ago, the rate was 6.76%.
Consumer credit card delinquency rates for prime borrowers have not risen in the past two years despite higher interest rates as the Federal Reserve tightened monetary policy.
Independent Bank in Rockland, Massachusetts, has agreed to buy Enterprise Bancorp in Lowell.
Leaders from ABA and the joint trades met with officials from FHA and US Housing and Urban Development and submitted recommended changes to the policy along with our rationale.
The NFIB Small Business Optimism Index rose by eight points in November to 101.7, after 34 months of remaining below the 50-year average of 98, the National Federation of Independent Business reported.
ABA members believe that the Federal Reserve’s discount window processes and operations are opaque, awkward and inefficient, and they have several suggestions for how to improve the service, ABA said.
The CFPB is seeking public input in advance of a proposed rule to extend the Fair Credit Reporting Act’s identity theft protections to certain negative information on the credit reports of victims of domestic violence, elder abuse or...
