Today’s Mortgage, Refinance Rates: March 24, 2023 | Rates Drop Sharply – Business Insider
Today’s Mortgage, Refinance Rates: March 24, 2023 | Rates Drop Sharply Business Insider
Today’s Mortgage, Refinance Rates: March 24, 2023 | Rates Drop Sharply Business Insider
First Republic grew rapidly in Boston catering to real estate … The Boston Globe
Buyers continue to feel the pinch from high mortgage rates and still-elevated home prices. But those committed to buying a new home are really committed, LOs said.
Americans feel discouraged about their ability to keep inflation at bay. But that doesn’t mean they aren’t fighting back.
The Volcker Rule was established following the Great Recession of the late 2000s and early 2010s. Essentially, the law stops depository banks from making risky and speculative investments with customer deposits. Furthermore, it prohibits banks from owning and investing in ⦠Continue reading â
The post What Is the Volcker Rule, and How Does It Work? appeared first on SmartAsset Blog.
“Higher mortgage rates and home prices led to continued erosion in homebuyer affordability in February,” said Edward Seiler, MBA’s associate vice president of housing economics. “Many prospective homebuyers continue to feel this affordability squeeze, with the typical purchase application loan amount increasing $8,003 over the month to $320,003.” Other key findings were: The national median … [Read more…]
The Federal Housing Finance Agency has released milestone dates for a process that would update consumer credit measures used in mortgage underwriting, make the use of various sources more competitive and potentially extend lending to more borrowers. The process, which is set to start next year, will be inclusive of mortgage companies and others affected … [Read more…]
One of the issues that many people have been concerned with during this recession is what happens when a bank is seized by the FDIC. This is a matter of concern because the recession saw quite a few bank closings, and there are still hundreds of banks still on the FDIC watch list for potential […]
The post What Happens When Your Bank is Seized by the FDIC? appeared first on Good Financial Cents®.
The Federal Reserve raised interest rates at a ninth straight meeting and indicated there may be more hikes to come in a clear sign it’s confident that its bid to quell inflation won’t deepen a nascent banking crisis. The Federal Open Market Committee voted unanimously to increase its target for the federal funds rate by … [Read more…]
Mortgage forbearances were down across the board in February, with the total number of loans currently in forbearance plans declining four basis points from January, according to the Mortgage Bankers Association. MBA reported Monday that 300,000 homeowners are in forbearance plans, representing 0.60% of servicers’ portfolio volume as of February 28. The improvement comes as … [Read more…]