The rate for a 30-year fixed-rate mortgage was 6.76% this week, up from 6.71% last week, according to Freddie Mac. A year ago, the rate was 6.35%. The rate for a 15-year fixed-rate mortgage was 6.09%, up from 6.04% last week. A year ago, the rate was 5.5%.
The Producer Price Index for final demand increased 0.4% in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Existing-home sales decreased by 1% month-over-month in August and 1.2% year-over-year, according to the National Association of Realtors.
Nearly 80 state bankers associations today joined with ABA and ICBA to press lawmakers to use the Clarity Act to close the payment-of-interest loophole for payment stablecoins, which will provide “the clearest path to achieving Congress’ stated objective...
The FBI released its first “cyber strategy” that outlines the law enforcement agency’s priorities in combating cybercrime and protecting critical infrastructure.
Financial institutions flagged approximately $17.5 billion in suspicious activity related to potential health care fraud during a one-year period starting in 2025, according to a financial trend analysis released by FinCEN.
If deposits begin moving from community banks into stablecoin products because those products offer yield or rewards, the lending capacity supported by those deposits goes away, Kennebec Savings Bank President and CEO Andrew Silsby wrote in a guest...
