McLEAN, Va. - (12/31/04) -- Fixed-rate mortgage rates climbedthis week, but ended the year near five-decade lows, according toFreddie Mac. The average for the 30-year, fixed-rate loan rose to5.81% this week, from 5.75% last week; while the average for the15-year, fixed-rate mortgage moved up to 5.23%, from 5.18%. For allof 2004 the average rate for the 30-year loan was 5.84%, upslightly from last year's 5.83% average, which was the lowest sinceFreddie Mac started keeping track. The benchmark rate was below 6%for final 22 weeks of the year. The average for the one-year ARMalso rose slightly this week to 4.19%, from 4.17% lastweek.
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The full House is scheduled to vote Wednesday on a Congressional Review Act resolution that would overturn a staff accounting bulletin from the Securities and Exchange Commission. Banks argue that the guidance would effectively cut them out of the crypto custody business.
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Katherine Weislogel's career began by being in the right place at the right time.
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By training a core payment card fraud-detection platform on more than 15 billion transactions, the card network is honing the accuracy of warnings sent to issuers about suspicious purchases.
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Rep. Andy Barr, R-Ky., is introducing a bill to establish an Office of Supervisory Appeals at each of the banking regulators that would give banks more power over the appeals process.
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Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
May 6