The rate for a 30-year fixed-rate mortgage was 6.53% this week, up from 6.51% last week, according to Freddie Mac. A year ago, the rate was 6.89%. The rate for a 15-year fixed-rate mortgage was 5.87%, up from 5.85% last week. A year ago, the rate was 6.03%.
The K-shaped economy is increasingly visible in airline ticket purchasing patterns.
The OCC needs to coordinate with other federal agencies to ensure that all stablecoin issuers are subject to the same regulatory expectations, ABA said.
Historically low consumer sentiment has not resulted in a decline in consumer spending. Sustained weakness could mean softening demand for consumer credit heading into the second half of the year.
In a new letter, the Democratic members of the Senate Banking Committee criticized President Trump for not nominating any Democrats to the boards of the FDIC and other financial regulators, arguing the administration is defying decades of bipartisan...
The Producer Price Index for final demand increased 1.1% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
The OCC has released for public review draft forms that will be used to collect information from payment stablecoin issuers under its jurisdiction.
