Podcast: The real story on CRE risk management

Economic historian John Steele Gordon and editor-in-chief Evan Sparks discuss how the Erie Canal was financed and built—and how it transformed America.

The rate for a 30-year fixed-rate mortgage was 6.22% this week, up from 6.17% last week. The rate for a 15-year fixed-rate mortgage was 5.50%, up from 5.41% last week.

Total household debt increased by $197 billion to $18.59 trillion in the third quarter of 2025, according to the latest Quarterly Report on Household Debt and Credit by the Federal Reserve Bank of New York.

ABA submitted a list of banker recommendations for the FHFA to include in its proposed strategic plan, including suggestions concerning supervision of Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

Economic activity in the services sector returned to expiation territory in October. The ISM Services Index indicated expansion at 52.4%, above the 50% breakeven point for the eighth time in 2025.

The nonfarm private sector added 42,000 jobs in October, and annual pay was up 4.5% year-over-year, according to the ADP National Employment Report. This follows an upward revision of September’s report from -32,000 jobs to -29,000.