The rate for a 30-year fixed-rate mortgage was 6.75% this week, up from last week when it was 6.72%, according to Freddie Mac. A year ago, the rate was 6.77%. The rate for a 15-year fixed-rate mortgage was 5.92%, up from last week when it was 5.86%. A year ago, the rate was 6.05%.
OCC’s Gould criticizes court ruling to enforce Colorado rate cap
Comptroller of the Currency Jonathan Gould criticized a recent federal court decision leaving in place a Colorado law that caps interest rates and fees on loans to state residents, saying it puts state banks at a competitive disadvantage...
