The rate for a 30-year fixed-rate mortgage was 6.27% this week, down from 6.3% last week, according to Freddie Mac. A year ago, the rate was 6.44%. The rate for a 15-year fixed-rate mortgage was 5.52%, down from 5.53% last week. A year ago, the rate was 5.63%.
The U.S. Mint held a ceremony where U.S. Treasurer Brandon Beach struck the final circulating penny, ending 232 years of penny production.
The U.S. Supreme Court will hold oral arguments in January on whether to overturn a lower court order barring President Trump from removing Governor Lisa Cook from the Federal Reserve board.
The CFPB is proposing to remove disparate impact from its enforcement of the Equal Credit Opportunity Act, clarify the prohibition on discouraging prospective applicants, and establish new limits on special-purpose credit programs offered by lenders.
The CFPB is proposing revisions to its small-business lending data rule to scale back the scope of data collection, saying that adopting a “longer-term” approach that allows for the future addition of more data points would be the...
Mortgage lenders have come to recognize that the more educated their customers are about the details of their mortgage products, the more loyal and lucrative their relationships become, according to a J.D. Power survey.
Agricultural lenders report signs of tighter conditions in farm profitability and credit quality in 2025, according to a joint survey conducted by ABA and Farmer Mac.
