The rate for a 30-year fixed-rate mortgage was 7.4% this week, up from 7.28% last week, according to Freddie Mac. A year ago, the rate was 6.3%. The rate for a 15-year fixed-rate mortgage was 6.73%, up from 6.6% last week. A year ago, the rate was 5.53%.
ABA, associations support proposed changes to FHA minimum property requirements
By aligning the Federal Housing Administration’s single-family minimum property requirements with those used by Fannie Mae and Freddie Mac, federal housing authorities would be making one of the most meaningful updates to FHA valuation policy in years, ABA...









