The rate for a 30-year fixed-rate mortgage was 6.91% this week, up from last week when it averaged 6.85%, according to Freddie Mac. A year ago, the rate was 6.62%. The rate for a 15-year fixed-rate mortgage was 6.13%, up from last week when it averaged 6%. A year ago, the rate was 5.89%.
Consumer credit increased at a seasonally adjusted annual rate of 1.2% in May, the Federal Reserve reported.
The U.S. Attorney’s Office for the Western District of Texas “is on alert” for fraudsters seeking to exploit individuals and businesses following the recent deadly floods in Texas, according to the U.S. Department of Justice.
Business First Bancshares in Baton Rouge, Louisiana, has agreed to buy Progressive Bancorp in Monroe.
Consumer inflation expectations in June ticked down at the short-term horizon but remained flat at the medium- and longer-term horizons, according to the most recent Survey of Consumer Expectations.
The Federal Financial Institutions Examination Council recently published data on 2024 mortgage lending transactions reported under the Home Mortgage Disclosure Act by 4,908 U.S. financial institutions.
President Trump last week signed a budget bill that included the largest expansions to Health Savings Accounts since they were created in 2003.
