Mortgage rates could continue to drop even if Treasury yields remain stable, as they are currently significantly higher than historic levels. Banks have reduced their presence in the mortgage market, leading to less competition on rates.
A widespread technology outage caused chaos around the globe, disrupting flights, banks, media outlets, and companies worldwide. The outage affected services and highlighted the dependence on software from a few providers.
The Electronic Payments Coalition discusses the importance of secure payment processing networks provided by banks and card companies, warning against proposed legislation that could compromise data security and credit card reward programs.