The rate for a 30-year fixed-rate mortgage was 6.96% this week, down from last week when it averaged 7.04%, according to Freddie Mac. A year ago, the rate was 6.69%. The rate for a 15-year fixed-rate mortgage was 6.16%, down from last week when it averaged 6.27%. A year ago, the rate was 5.96%.
A proposed rule by the CFPB to expand consumer reporting regulations to consumer-identifying information would reduce banks’ ability to detect and prevent fraud and identity theft, ABA said.
The non-farm private sector gained 155,000 jobs in March and annual pay was up 4.6% Year-over-Year, according to the ADP National Employment Report.
Enhanced oversight and potential adjustments to capital requirements could impact the attractiveness and structure of SRT transactions.
This directive, which is effective immediately, is a significant policy shift and will affect banks with mortgage-based SPCPs.
New orders for manufactured goods increased $3.6 billion, or 0.6%, to $594 billion in February, the Commerce Department said.
HUD launched a redesigned website that removes 90% of the content from the previous site and features updated navigation.
