The rate for a 30-year fixed-rate mortgage was 6.19% this week, down from 6.23% last week, according to Freddie Mac. A year ago, the rate was 6.69%. The rate for a 15-year fixed-rate mortgage was 5.44%, down from 5.51% last week. A year ago, the rate was 5.96%.
Economic activity in the manufacturing sector expanded in February for the second consecutive month, according to the Institute for Supply Management.
ABA said that while it supports an OCC proposal to raise the threshold for which its heightened supervisory standards apply to banks, the agency should instead consider rescinding the policy.
Roughly half of U.S. bank customers choose their bank primarily because they trust its security, and two in three would consider switching institutions after a serious data breach at their bank, according to a new survey by IT...
ABA experts point to what is ahead across multiple issues.
FinCEN provided tailored exemptive relief for banks related to a geographic targeting order imposing reporting requirements on financial institutions in Hennepin and Ramsey counties in Minnesota.
ABA joined six financial sector associations in alerting members of Congress to the practices of the debt settlement industry, “which typically misleads millions of Americans into financial jeopardy with false promises of a quick way to negotiate existing...
