WASHINGTON– Mortgages rates hit their highest level in more than a decade last week. This increase follows the continued surge in the 10-year Treasury, which crossed the 2.8% mark for the first time since December 2018.
THE news
ARLINGTON, Va.—The rising-interest-rate environment has credit union leaders more confident about the economy and the future of their credit unions, NAFCU’s latest Credit Union Sentiment Index (CUSI) reveals.
MADISON, Wis.–CUNA Mutual Group has launched DEI Services, a new advisory offering to help credit unions jumpstart their diversity, equity and inclusion efforts.
RANCHO CUCAMONGA, Calif. –The “big news” to be found in the economic and consumer spending data in March is thatconsumer spending is returning to historically typical behavior patterns and showing robust increases across every major category, according to the newest analysis released by Co-op Solutions.
WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased by 2.1 points to 73.2 in March, as consumers continue to express pessimism regarding the trajectory of mortgage rates and homebuying conditions general.
LONDON–A new survey of Zoomers’ in 13 countries spotlights how the world’s youngest and most digitally-adept consumers are “forcing change to decades-old business practices,” according to a new analysis.
WASHINGTON–Gary Gensler, chairman of the Securities & Exchange Commission, has asked staff at the agency to look into four new areas for potential new cryptocurrency regulation.
DALLAS–U.S. home prices have soared to new heights and they keep on climbing, and some researchers and economists are now saying they have seen signs of a housing bubble brewing.
WASHINGTON—NAFCU sent a letter to the House Financial Services Committee ahead of its hearing examining bias and discrimination in the home appraisal process, sharing support for alternative appraisal processes such as appraisal bifurcation, desktop appraisals, and exterior only appraisals.
DENVER–Colorado’s credit unions have lost a battle in the state legislature and will not be permitted to accept deposits from local governments.