Samantha Delouya, CNN

Bank of America fined $1.2 billion by Treasury Department for anti-money laundering and sanctions law violations

Bank of America faces a $1.2 billion federal penalty over alleged failures in anti-money laundering and sanctions compliance, after regulators said the banking giant failed to report more than $5 billion in suspicious transactions and exposed the financial system to illicit activity.

Is your adjustable-rate mortgage resetting?

With mortgage rates topping 7%, homeowners with adjustable-rate mortgages are facing a critical question: how can they avoid a potentially painful jump in monthly payments when their rates reset?

Mortgage rates top 7%, dealing a further blow to the frozen housing market

Mortgage rates have climbed above 7% for the first time since January 2025, adding pressure to homebuyers as higher borrowing costs weigh on affordability and housing demand. GlobeNewswire

Mortgage rates climb for fourth-straight week to hit highest level since Trump took office

Mortgage rates are nearing 7% again, putting renewed pressure on homebuyers as higher borrowing costs weigh on applications and pending home sales.

Mortgage rates hit a new high for 2026, marching closer to 7%

Mortgage rates just hit their highest level of the year at 6.71%—and that surge could put homebuyers, homeowners and would-be refinancers in an even tighter squeeze.

Mortgage rates hit highest level since the start of the war with Iran

Will rising mortgage rates derail the housing market? Renewed Middle East tensions, higher oil prices, and stubborn borrowing costs are making homeownership even harder to afford.

Mortgage rates largely unchanged from last week despite pressure on Fed independence

The housing market this week largely shrugged off the turmoil at the Federal Reserve. The 30-year fixed mortgage rate averaged 6.56% for the week ending August 28, just slightly lower than last week’s 10-month low of 6.58%, according to data released Thursday by Freddie Mac.