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%.
Forty-three senators are asking their colleagues to set aside at least $324 million for the CDFI Fund and require those funds to be released in a timely manner.
Overall economic activity increased at a slight to moderate pace in eight of the 12 Federal Reserve districts in recent months, with two districts reporting little change and the remaining two reporting slight to modest declines, the Fed...
Homebuilder confidence in the market for newly built single-family homes fell four points to 34 in April, according to the NAHB/Wells Fargo Housing Market Index.
The Producer Price Index for final demand increased 0.5% in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
The Senate Banking Committee will hold a hearing next week on the nomination of Kevin Warsh to become the next chairman of the Federal Reserve.
The FDIC has appointed community banker Trey Maust as chief innovation officer. In his new position, Maust will promote the adoption of innovative technologies within the agency and across the financial services sector.
