The rate for a 30-year fixed-rate mortgage was 6.89% this week, up from last week when it was 6.86%, according to Freddie Mac. A year ago, the rate was 7.03%. The rate for a 15-year fixed-rate mortgage was 6.03%, up from last week when it was 6.01%. A year ago, the rate was 6.36%.
The FDIC announced a new, two-phase process for deposit insurance applications meant to speed up agency reviews and encourage de novo bank formation.
ABA announced a $25,000 donation to the American Red Cross Washington Wildfires Response Fund to support Washington communities affected by the devastating wildfires that have displaced tens of thousands of residents and destroyed hundreds of homes and businesses...
The Federal Reserve is updating the Borrower in Custody program as part of an ongoing effort to modernize discount window operations, according to an announcement.
Last year, the Federal Home Loan Banks supported $8.4 billion in lending in areas with constrained credit availability and enabled their members to offer longer-term, more affordable financing options to households and communities, FHFA said in its annual...
President Trump nominated Danielle Thumann, senior counsel to Federal Communications Commission Chairman Brendan Carr, to serve as commissioner on the FCC. If confirmed by the Senate, Thumann would fill one of two vacant seats on the commission.
The Senate adjourned without holding a final vote on the Clarity Act, punting further action on the bill until at least September.
