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%.
The ABA Foundation launched its 2025 financial education campaigns by encouraging U.S. banks and their more than two million employees to participate in these industry efforts.
The New York State Department of Financial Services proposed new restrictions on overdraft and non-sufficient funds fees for state-chartered banks, including banning fees for overdraft amounts of less than $20.
HUD announced a set of permanent options for mortgage servicers to help borrowers with Federal Housing Administration-insured single-family mortgages keep their homes.
ABA joined the S Corporation Association and more than 230 associations in support of legislation to make permanent the Section 199A tax deduction for pass-through business income.
Acting SEC Chairman Mark Uyeda announced the formation of a new task force to develop “a comprehensive and clear regulatory framework” for crypto assets. SEC Commissioner Hester Peirce will lead the task force.
The ABA Foundation and the U.S. Postal Inspection Service released three new infographics on money mule scams and check fraud with advice for consumers, bank staff and small businesses.
