McLEAN, Va.— The average rate on a 30-year fixed-rate mortgage edged higher this week, climbing to 6.58% from 6.55% a week earlier, according to Freddie Mac's latest Primary Mortgage Market Survey.
Fresh Today
WASHINGTON— The Senate Banking Committee on Thursday approved John Crews' nomination to serve on the NCUA board by voice vote, sending the nomination to the full Senate and clearing the way for him to succeed NCUA Chairman Kyle Hauptman, whose board term expired in August 2025.
WASHINGTON— House Financial Services Committee Republicans are urging the Federal Reserve to take additional steps to speed reviews of bank merger and acquisition applications, including clearing a backlog of long-pending deals and expanding the number of transactions that can be approved without a vote of the Fed's Board of Governors.
WASHINGTON--All three credit union-backed candidates won their primary election races Tuesday in Arizona, America's Credit Unions reported.
WASHINGTON--Outlining numerous recommendations to improve the formation of de novo credit unions, America’s Credit Unions sent NCUA a detailed letter Wednesday.
WASHINGTON— The House narrowly approved the $1.15-trillion National Defense Authorization Act (NDAA) for fiscal 2027 on Wednesday by a 216-212 vote, advancing Congress' annual defense policy bill after a sharply partisan debate over military spending, social policy and election-related provisions, the Associated Press reported.
WASHINGTON— Senate Republicans unveiled the text of their long-awaited cryptocurrency market structure bill Wednesday, including new restrictions on stablecoin rewards that could have significant implications for banks, while setting the stage for a Senate vote before lawmakers leave for the August recess.
WASHINGTON--Andrews Federal Credit Union (USAG Wiesbaden) has been selected by the Department of the Army as the 2025 Army Distinguished Credit Union of the Year, the Defense Credit Union Council announced.
ALEXANDRIA, Va.― Last week NCUA hosted Vision250, a series of roundtables in celebration of America250. The three-part event brought together leaders from across the credit union movement to discuss the ideas, actions, and initiatives that will shape the future of the industry, the agency explained.
RICHLAND, Wash.—The $6.8-billion Gesa Credit Union has agreed to acquire $465-million Willamette Valley Bank, based in Salem, Ore., marking Gesa's first expansion into Oregon through a bank acquisition.