Comma News30-year mortgage rate dips to 7.32%, first drop in 8 weeks
Freddie Mac's weekly survey shows the average 30-year fixed rate fell to 7.32% from 7.40%, ending a seven-week run of increases.
Top stories · Oct 16 – Oct 22
This week on TwoComma
Money
All Money →Business
All Business →OCC issues first final rule under the GENIUS Act
The U.S. bank regulator issued the first federal final rule for stablecoin issuers, effective Jan 18.
PHP patches 2 critical remote-code flaws
Fixed builds are 8.2.35, 8.3.36, 8.4.27 and 8.5.12.
SoFi launches 4.40% APY tokenized deposit
Each SOFIE token is a $1 FDIC-insured SoFi Bank deposit that swaps 1:1 into its SoFiUSD stablecoin, putting a bank deposit that pays interest up against stablecoins that don't.
AI & Tech
All AI & Tech →OpenAI opens its Decisions API to all developers
OpenAI made its Decisions API generally available on Thursday, a service that answers bounded questions (a yes/no probability, a pick from a fixed list, or a rubric score) instead of generating free text.