(Reuters) – Jeffrey Haley, the CEO of American National Bank and Trust Company, saw the crunch coming at the start of 2023. Rising interest rates and a slowing economy to him meant that loan growth […]
NEW YORK, April 28 (Reuters) – U.S. officials are coordinating urgent talks to rescue First Republic Bank (FRC.N) as private-sector efforts led by the bank’s advisers have yet to reach a deal, according to three sources familiar […]
The Federal Reserve’s favored inflation measure rose 0.1% in March, a slower pace than in February and matching expectations, the Bureau of Economic Analysis reported on Friday. The core personal consumption expenditures price index that […]
Could a housing recovery possibly be underway? In March, mortgage rates ended the month over 30 basis points lower than where they started as more buyers returned to the market. Home sales prices also fell […]
This time last year, it seemed like the whole country was caught up in a home-buying frenzy. But thanks to high interest rates and stubborn inflation, “the housing market is pretty much on ice,” said […]
The Bank of England raised interest rates in March from 4% to 4.25%. The 0.25 percentage point increase marks the 11th rise since December 2021 when Bank rate stood at just 0.1%. It puts Bank […]
“The way I look at it, there are a lot of things about this rule that need to be changed,” said The Lincoln Institute’s Jim Gray. The post Spotlight On: FHFA’s Proposed Rulemaking on Fair […]
Asking rents in March averaged $3,344, a new record. The post A NYC Market-Rate Rental on a Median Income? Fuhgeddaboudit! appeared first on Weekly Real Estate News.
Being able to close on a home at any time on any day of the year has long been a pipe dream, but the Federal Reserve’s new FedNow instant payment system looks to be making […]
Broeksmit said the changes “were meant to address some anomalies in the previous pricing structure.” The post MBA Chief Broeksmit: ‘Awful Lot of Misinformation’ on Mortgage Fee Changes appeared first on Weekly Real Estate News.
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