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%.
New orders for manufactured durable goods increased $25.5 billion, or 7.9%, from the previous month to $346 billion in April, the U.S. Census Bureau said.
ABA said it supported a proposal by the Office of the Comptroller of the Currency to rescind or amend regulations governing public welfare investments, open market collateralized loan obligations and certain federal savings association requirements.
ABA and other plaintiffs are asking a federal court to issue a decision by next week in a lawsuit seeking to overturn an Illinois law restricting interchange fees, citing the “drastic actions” banks and other financial institutions would...
A coalition of consumer groups and fair lending compliance firms has filed a lawsuit to prevent the CFPB from removing disparate impact as a prohibited practice from Regulation B, which implements the Equal Credit Opportunity Act.
ABA’s economists believe the second estimate of Q1 GDP shows that the U.S. economy continued to expand in early 2026, and at an increased pace from the previous quarter, with strong nonresidential investment supporting C&I loan demand. On...
ABA economists believe the April data indicates inflationary pressures remain elevated and are moving away from the Fed’s 2% target. Persistent price growth continues to pressure household balance sheets, increasing risks to credit performance for consumer loans, especially...
