The rate for a 30-year fixed-rate mortgage was 6.38% this week, up from 6.22% last week, according to Freddie Mac. A year ago, the rate was 6.65%. The rate for a 15-year fixed-rate mortgage was 5.75%, up from 5.54% last week. A year ago, the rate was 5.89%.
FDIC rescinds guidance on representment NSF fees
The FDIC rescinded a 2023 financial institution letter that had stated that banks’ charging representment nonsufficient funds fees may be a deceptive or unfair practice under section 5 of the Federal Trade Commission Act.










