McLEAN, Va. - (11/19/04) -- Long-term mortgage rates were stablethis week, with the average for the benchmark 30-year, fixed-rateloan dipping slightly, to 5.74%, from 5.76$ last week, according toFreddie Mac. The average for the 15-year, fixed-rate mortgagedeclined a single basis point, to 5.15%. One-year ARM rates rose abp to 4.17% last week.
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
Community Financial in Syracuse has made its biggest investment ever in an outside company, taking a $37.4 million equity stake in an insurance provider that focuses on the rental housing market.
St. Cloud Financial Credit Union will be issuing its own stablecoin at the end of this year, becoming one of the first U.S. credit unions to do so.
The two BNPL giants' pay-over-time loans will now be available for in-store purchases on Apple Pay in a move to capture more sales at brick and mortar stores.
State regulator says blockchain tools are key to detecting money laundering and sanctions violations.
The Bank of England may cap ownership, drawing ire from crypto groups that claim that will hinder innovation.
