McLEAN, Va. - (07/21/06) -- After a brief respite, mortgagerates began to climb again this week, back to their highest levelsince the spring of 2002, Freddie Mac reported Thursday. Theaverage for the benchmark 30-year, fixed-rate loan rose to 6.84%this week, from 6.74% last week; while the average for the 15-year,fixed-rate mortgage moved to 6.41%, from 6.37%. ARM rates alsomoved higher, with the average for the one-year ARM rising to5.80%, from 5.75% last week; and the average for the five-year ARMinching up to 6.36%, from 6.33%.
-
A housing bill that already passed the Senate cleared the House Monday evening, but included bipartisan community banking provisions that have already raised objections in the upper chamber.
54m ago -
Fifteen banks have failed since November 2019, with the most recent one occurring on Jan. 30.
3h ago -
The Government Accountability Office was tasked with investigating the Consumer Financial Protection Bureau's stop-work order, but CFPB officials refused to meet with or provide information to Congress' investigative arm.
3h ago -
Federal Reserve Gov. Christopher Waller said comments from banks and fintech firms reveal sharply different priorities in the creation of the central bank's proposed "skinny" master accounts.
3h ago -
Check fraud has risen 385% since the pandemic, with criminals using stolen mail and digital tools to deceive major financial institutions.
4h ago -
The activist investor HoldCo Asset Management said Monday that it doesn't plan to pursue proxy battles this spring at either Key or Eastern. It had been agitating publicly over the banks' M&A strategies.
5h ago





