Mortgage rates decline

Bank Secrecy Act reports flagged approximately $12.7 billion in suspected digital asset investment scam activity during a roughly two-year period beginning in 2023, showcasing the extent of the problem, according to a FinCEN analysis. The agency also published...

Years of duplicative, one-size-fits-all regulation have strained the diversity of the banking sector, with the burden falling hardest on community banks, Kathy Kraninger, president and CEO of the Florida Bankers Association, told House lawmakers.

House Republican leadership announced it will not schedule votes during the final two weeks of September, freeing members to campaign for the upcoming midterm elections.

The ISM Services Index indicated expansion at 55.4%, the 26th consecutive month in expansion territory. A value above 50 reflects expansion in the services sector while a value below 50 represents a contraction.

Fifty-two state bankers associations expressed strong support for the Federal Communications Commission’s proposals to ensure that all voice service providers in the path of a call take meaningful responsibility for keeping illegal calls off the U.S. calling network.

The rate for a 30-year fixed-rate mortgage was 6.71% this week. The rate for a 15-year fixed-rate mortgage was 6.04%.