WASHINGTON – Mortgage rates held steady this week near their historic lows, according to Freddie Mac.
The average for the 30-year loan was unchanged at a 60-year-low of 4.09%; while the average for the 15-year mortgage ticked down to 3.29%, near a record low.
ARM rates moved upwards slightly, with the average for the five-year ARM rising from a record-low 2.99% to 3.02%; and the average for the one-year ARM inching up to 2.82%, from 2.81%.
Households are cutting back on spending and buying fewer big ticket items, according to a key consumer confidence report. Higher inflation expectations and recession concerns are driving the pullback.
An automated alert system auto-closed "a very high percentage" of suspicious-activity flags at the bank, the OCC said.
The CEOs of JPMorganChase, Goldman Sachs and Standard Chartered said they're reducing some roles due to advances in AI, the same week the Pope spoke of the need to protect workers.
The Department of Justice said that Birmingham, Alabama-based Regions sought forgiveness from the Small Business Administration for a Paycheck Protection Program loan that the bank should have known did not qualify.
Homebuyers applying for Federal Housing Administration loans in community property states are facing hurdles that current market conditions have heightened.
The latest acquisition activity points to the importance of decisions lenders make regarding their MSRs in 2026 and some considerations unique to each company.
