MCLEAN, Va.--The 30-year fixed-rate mortgage decreased this week, averaging 6.77%, Freddie Mac reported.
Fresh Today
WASHINGTON—Mortgage applications increased 1.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 20, 2025.
America’s Credit Unions to Congress: CFPB Overreach Forcing Community Institutions To Close or Merge
WASHINGTON--“For too long, community financial institutions have been under a regulatory onslaught that has forced many to close or merge,” America’s Credit Unions President/CEO Jim Nussle wrote to the House Financial Services Committee Subcommittee on Oversight and Investigations ahead of a hearing focused on the CFPB.
WASHINGTON--Homebuyer affordability declined further in May, with the national median payment applied for by purchase applicants increasing to $2,211 from $2,186 in April, the Mortgage Bankers Association reported.
WASHINGTON--The Federal Reserve voted Wednesday to advance a proposal that would reduce a banking capital rule—the enhanced Supplemental Leverage Ratio (eSLR)—for big banks.
PURCHASE, N.Y.—Following Fiserv’s announcement that it has stepped into the stablecoin space, Mastercard has now joined the Global Dollar Network, a stablecoin consortium formed by Paxos in 2024.
SAN DIEGO—A violent bank robber—whose string of heists included credit unions and netted nearly $400,000—was sentenced this week to more than 488 years in prison, marking him as one of the most prolific offenders in San Diego County history, the San Diego Union-Tribune reported.
WASHINGTON— Federal Reserve Chair Jerome Powell told a U.S. Senate panel Wednesday that while the Trump administration’s tariffs may lead to a one-time spike in prices, the risk of more persistent inflation is significant enough for the central bank to proceed cautiously with any further interest rate cuts, Reuters reported.
WASHINGTON--Through daily messages to the Senate as part of the Don’t Tax My Credit Union Week of Action, America’s Credit Unions is reinforcing how credit unions reinvest their earnings back into their members and the communities they serve.
WASHINGTON--The Defense Credit Union Council outlined nine policy priorities critical to the credit union mission in comments sent to the Senate Committee on Banking, Housing, and Urban Affairs ahead of the Committee’s hearing with Federal Reserve Chair Jerome Powell.