The rate for a 30-year fixed-rate mortgage was 6.76% this week, down from last week when it averaged 6.81%, according to Freddie Mac. A year ago, the rate was 7.22%. The rate for a 15-year fixed-rate mortgage was 5.92%, down from last week when it was 5.94%. A year ago, the rate was 6.47%.
The CFPB has reached an agreement to end a lawsuit challenging its medical debt reporting rule by acknowledging the rule exceeded its authority.
FinCEN issued a finding and notice of proposed rulemaking targeting a Cambodian firm that allegedly acts as a conduit for laundering money obtained through romance scams and other cybercrimes.
The IRS published the inflation-adjusted contribution limits and high-deductible health plan requirements for 2026.
U.S. manufacturing activity contracted for the second consecutive month in April, the Institute for Supply Management said.
Construction spending in March was at a seasonally adjusted annual rate of $2.19 trillion, 0.5% below the revised February estimate, the Commerce Department said.
Teshale Smith, senior counsel for consumer regulations and compliance solutions at ABA, has been appointed to the National Flood Association’s board of directors.
