Fresh Today

Fresh Today

WASHINGTON–The average rate on a 30-year fixed-rate mortgage rose to 5.78%, the highest level since November 2008 and significantly above the 3.11% average at year-end 2011, according to Freddie Mac. recorded near the end of last year. Last week, Freddie Mac reported an average mortgage rate of 5.23%.

WASHINGTON–In what won’t be a surprise to anyone in credit unions shopping for a car or to credit unions that make auto loans, new car prices are up 12.6% from a year ago and used car prices are up 16.1%, according to new government data.

WASHINGTON—The Federal Financial Institutions Examination Council (FFIEC), which includes NCUA, has announced the availability of data on 2021 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 4,338 U.S. financial institutions.