The rate for a 30-year fixed-rate mortgage was 7.03% this week, up from 6.95% last week, according to Freddie Mac. A year ago, the rate was 6.3%. The rate for a 15-year fixed-rate mortgage was 6.42%, up from 6.26% last week. A year ago, the rate was 5.49%.
From driving an 18-wheeler to flying planes to painting a World War II-era tugboat, there's not much Cathy Owen hasn't done or seen. So tough challenges in banking don't phase her.
Overall customer satisfaction is on par with last year, while slower responses and less consistent support were areas that need improvement, the survey reported.
With nearly every state having legalized cannabis in some form, it is time for Congress to pass legislation to allow legal cannabis businesses to access banking services without fear of federal prosecution, 16 governors said in a letter...
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Hawaii affected by an earthquake in May.
A coalition of 49 state attorneys general expressed support for the Federal Communications Commission’s Robocall Mitigation Database proposal while urging the agency to require better vetting of the information that telecommunications providers submit.
A proposed accounting standards update on mortgage servicing rights needs several revisions to avoid unintended consequences, ABA said in a letter to the Financial Accounting Standards Board.
