The rate for a 30-year fixed-rate mortgage was 7.04% this week, up from last week when it averaged 6.93%, according to Freddie Mac. A year ago, the rate was 6.6%. The rate for a 15-year fixed-rate mortgage was 6.27%, up from last week when it averaged 6.14%. A year ago, the rate was 5.76%.
ABA, state associations urge Congress to repeal CFPB’s overdraft rule
ABA joined 52 state bankers associations in expressing strong support for a resolution of disapproval introduced by lawmakers that would invalidate the CFPB’s final rule on overdraft protection.