The rate for a 30-year fixed-rate mortgage was 6.67% this week, up slightly from last week when it averaged 6.65%, according to Freddie Mac. A year ago, the rate was 6.87%. The rate for a 15-year fixed-rate mortgage was 5.83%, up slightly from last week when it averaged 5.8%. A year ago, the rate was 6.21%.
Community bankers maintain an overall positive outlook on the economy but worry that future business conditions are fading, according to the Conference of State Bank Supervisors.
More than half of web traffic is now automated with financial institutions a top target for malicious bots, according to a new report by the cybersecurity firm Imperva.
ABA urged the FCC to vote to issue a proposal that would impose a new call authentication requirement designed to limit criminal access to the U.S. calling network.
The Federal Reserve is proposing to change how it conducts stress tests for large banks to reduce the volatility of the capital requirements that stem from the tests
Despite recent economic uncertainty, credit spreads remain relatively tight compared to levels seen during COVID. This indicates that investors are not pricing in a significant increase in default risk.
House Democrats are urging Treasury Secretary Scott Bessent to exempt the CDFI Fund from a recent executive order directing it to scale back operations.
