Mortgage rates show little movement

The ABA Foundation celebrated the 24th annual Get Smart About Credit Day with the release of expanded resources designed to help bankers provide teens and young adults with practical financial education.

The rate for a 30-year fixed-rate mortgage was 7.4% this week. The rate for a 15-year fixed-rate mortgage was 6.71%.

Two Federal Reserve districts reported moderate growth in economic activity, three districts reported modest growth, four reported slight growth and three reported no significant change.

FSB finalized a list of 12 sound practices to guide the adoption of artificial intelligence by banks and other financial institutions.

In a letter to banking agencies, ABA expressed support for the implementation of a new law expanding the number of banks that qualify for an 18-month examination schedule, although it had two suggestions for how to improve the...

The Producer Price Index for final demand increased 1.3% in September, seasonally adjusted, according to the U.S. Bureau of Labor Statistics report