McLEAN, Va. - (10/01/04) -- Long-tem mortgage rates inched upthis week from six month lows, according to Freddie Mac. Theaverage for the benchmark 30-year, fixed-rate loan rose slightly to5.72% this week, from 5.70% last week; while the average for the15-year fixed-rate mortgage moved to 5.12%, from 5.10%. The averagefor the one-year ARM dipped slightly to 3.97%, from 4.00% lastweek.
The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.
The Bank of England's new guidance changes restrictions following criticisms and concerns about U.S. dominance.
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
