The average interest rate on conventional, 30-year fixed-rate mortgage loans of $417,000 or less decreased 12 basis points (bp) to 4.58% in September. The average interest rate on 15-year, fixed-rate loans of $417,000 increased 11 bp to 4.57% in September.
WASHINGTON (7/29/15 UPDATED 2:18 p.m. ET)--The Federal Open Market Committee is maintaining the federal funds rate, citing “moderate” expansion of U.S. economic activity in its post-meeting statement this afternoon.
WASHINGTON (7/29/15 UPDATED 1:30 p.m. ET)--In another state legislative victory that CUNA and the Illinois Credit Union League say underscores the value of the CUNA-league structure in advocating for credit unions, Illinois Gov. Bruce Rauner signed HB 2477 into law Tuesday.