The rate for a 30-year fixed-rate mortgage was 6.74% this week, down from last week when it was 6.75%, according to Freddie Mac. A year ago, the rate was 6.78%. The rate for a 15-year fixed-rate mortgage was 5.87%, down from last week when it was 5.92%. A year ago, the rate was 6.07%
Home prices increased 1.7% in July compared to the same month a year ago, down from a 1.9% rise the previous month, according to the S&P Cotality Case-Shiller Index.
FinCEN will postpone reporting requirements of the anti-money laundering regulations for the residential real estate transfers rule until March 1, 2026.
Banks announce proposed acquisitions of financial institutions in Washington, South Dakota, Indiana and New Jersey.
The change gives the industry a total of 46 days from the original date of publication in the Federal Register to provide feedback. The notice was originally posted in the Federal Register on Sept. 19.
ABA will honor Kathy Daily, managing director of First Financial Bank in Louisville, Kentucky, with the Bruning Award and Patrick Kerrigan, vice president of business development at Farmer Mac, with the Blanchfield Award at the ABA Agricultural Bankers...
In a joint letter to Senate leaders, ABA and 52 state bankers associations said they are deeply concerned about a proposed amendment to a must-pass defense spending bill that would eliminate the payment of interest on bank reserves...
