McLEAN, Va. - (12/17/04) -- Fixed-rate mortgages fell slightlythis week, for the second week in a row, according to Freddie Mac.The average for the benchmark 30-year, fixed-rate loan slipped to5.68% this week, from 5.71% last week; while the average for the15-year, fixed-rate mortgage dipped to 5.11%, from 5.14%. Theaverage for the one-year ARM, the benchmark for adjustable-rateloans, tipped slightly upwards to 4.18%, from 4.15% lastweek.
Banks that don't offer buy now/pay later risk pushing customers—especially younger ones—into fintechs' arms.
Over the course of its first year in office, the second Trump administration has neutralized the enforcement of key civil rights laws by reorienting Consumer Financial Protection Bureau rules and eliminating "disparate impact," that allows banks to be penalized for the discriminatory effects of policies without proving discriminatory intent.
Realtors and loan officers are wary of using artificial intelligence in place of a real estate agent, after a homeowner claimed to realize meaningful savings.
The former Rocket employee said she faced pressure to resign after requesting remote-work accommodations and leaves of absence to deal with health conditions.
In an interview at ICE Mortgage Technology's annual conference, Bob Broeksmit also expressed skepticism of market dominance among just a few large lenders.
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