McLEAN, Va. – Long-term home loan rates moved higher this week, after declining the previous three weeks, according to Freddie Mac.
The average for the 30-year, fixed-rate loan climbed to 5.20% this week, from 5.14% last week; while the average for the 15-year, fixed-rate mortgage moved to 4.68%, from 4.63%.
ARM rates were mixed, as the average for the one-year ARM inched up to 4.77%, from 4.76%; while the average for the five-year ARM dipped to 4.74%, from 4.83%.
IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.
A consortium of international FIs are planning to issue a U.S. stablecoin in early 2027; London-based OpenPayd has entered the U.S. through its acquisition of MSB USA; the U.K. fined Citi £4.7 million ($6.3 million) for hundreds of transactions in breach of sanctions against Russia; and more in this week's banking news roundup.
The controlling owner of Santa Fe-based Century Financial Services Corp. wound up in bankruptcy court. Now his 71% stake is on the verge of being sold to an Oklahoma bank.
Swift's network of 11,500 banks can exchange deposit tokens in a standardized way.
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
OnePay's My Garage combines payments and financial information as it continues to build out a financial app.
