The rate for a 30-year fixed-rate mortgage was 6.84% this week, up from last week when it averaged 6.78%, according to Freddie Mac. A year ago, the rate was 7.29%. The rate for a 15-year fixed-rate mortgage was 6.02%, up from last week when it averaged 5.99%. A year ago, the rate was 6.67%.
The CFPB finalized a rule that will allow it to regulate large nonbank firms that provide digital payments services, but excluded services for digital assets.
The Securities and Exchange Commission announced that Chairman Gary Gensler will step down from the commission on Jan. 20, 2025.
FHA has extended by six months the compliance deadline for a new rule removing the face-to-face meeting requirement for certain mortgagees amid concerns about how the policy would be implemented.
Existing home sales increased 3.5% in October to a seasonally adjusted annual rate of 3.96 million, the National Association of Realtors reported. Sales rose 2.9% from a year ago. The median existing-home sales price rose 4% from a...
An FDIC proposal to expand the definition of brokered deposits not only fails to justify the reason for the change, it does not meet the legal standards required of new rulemakings and raises numerous policy concerns, ABA and...
Middle market businesses don’t get the attention of the Fortune 500 or the love that small businesses get from policymakers, but these firms are still critical to the economy — accounting for a third of private-sector GDP and...
