McLEAN, Va. - (02/18/05) -- Long-term mortgage rates roseslightly this week, after declining the previous six weeks,according to Freddie Mac. The average for the benchmark 30-year,fixed-rate loan increased to 5.62% this week, from 5.57% last week;while the average for the 15-year, fixed-rate mortgage moved up to5.14$, from 5.10%. ARM rates also rose, with the average for thefive-year hybrid ARM climbing to 5.05%, from 4.99%; and the averagefor the one-year ARM going to 4.15%, from 4.11%.
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Jack Dorsey's payments company also laid off employees early in 2025 and 2024 following a self-imposed employee cap of 12,000 in November 2023.
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Kohler Credit Union, Think Bank and Communication Federal Credit Union gave their onboarding and direct deposit tech an upgrade through fintech partnerships.
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To address a budget deficit, the state of Washington has begun taxing credit unions that buy banks. Critics say there's just one problem: The tax will deter any such acquisitions from happening.
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Some distressed companies that tapped the Federal Reserve's Main Street Lending Program say they've been crushed by the agency's hard-line stance on modifications.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6





