The rate for a 30-year fixed-rate mortgage was 6.11% this week, up from 6% last week, according to Freddie Mac. A year ago, the rate was 6.65%. The rate for a 15-year fixed-rate mortgage was 5.5%, up from 5.43% last week. A year ago, the rate was 5.8%.
The Consumer Confidence Index was 89.4 in August, down from 90.2 in July, the Conference Board said.
Home prices increased 1.5% in June compared to the same month a year ago, up from a 1.2% rise the previous month, according to the S&P Cotality Case-Shiller Index.
The FDIC has held conversations with the Federal Reserve about a proposed series of amendments to Community Reinvestment Act regulations and would welcome the central bank’s participation, FDIC Chairman Travis Hill said.
The July reading of new home sales reflects affordability challenges, with mortgage rates reaching 6.66% at the end of July.
The banking industry reported a return on assets ratio of 1.37% and aggregate net income of $90.1 billion in the second quarter of 2026, an increase of $9.7 billion, or 12%, from the prior quarter, according to the...
The Treasury Department announced the launch of a new public-private initiative "to help accelerate the U.S. financial sector's transition to quantum-safe technology."
