The rate for a 30-year fixed-rate mortgage was 6.79% this week, up from last week when it averaged 6.72%, according to Freddie Mac. A year ago, the rate was 7.5%. The rate for a 15-year fixed-rate mortgage was 6%, up from last week when it averaged 5.99%. A year ago, the rate was 6.81%.
The FCC voted to advance an ABA-backed proposal to create a new call authentication requirement designed to limit criminal access to the U.S. calling network.
A federal court in California issued a temporary restraining order preventing enforcement of a FinCEN order requiring money services businesses to report certain cash transactions along part of the U.S.-Mexico border.
The Small Business Administration has reinstated stronger underwriting requirements for 7(a) loans through the issuance of a Standard Operating Procedure document.
So far in 2025, property and casualty insurers in the S&P 500 are up about 4.9%, compared with declines for banks (-10.0%) and the broader index (-8.6%).
Consumer sentiment fell 4.8 points in April to 52.2, down 25 points from one year ago, according to final results of the University of Michigan Surveys of Consumers.
The Federal Reserve and FDIC rescinded two joint statements issued under the Biden administration on the risk management obligations of financial institutions should they offer crypto-related services.
