Secondary mortgage market adjusts to higher-for-longer rates
A range of experts across a variety of secondary mortgage market sectors offered their thoughts on the market dynamics at play.
Source: housingwire.com
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The big bank backlash! Why more and more Americans are flocking to credit unions after growing tired of endless branch closures and low interest rates offered by biggest US banks
Credit unions are outperforming big banks, which are slashing branches across the US.
Source: dailymail.co.uk
Home-equity lending blossomed in 2023
Home-equity lending overall found its wings in 2023 as a number of independent mortgage banks ramped up product lines over the course of the year — despite a bump in the road in the third quarter when mortgage rates surged past 7%.
Source: yahoo.com
'Mortgage winter' is expected to thaw a bit
The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market.
Source: yahoo.com
Will empty office buildings meet the same fate as zombie shopping malls?
A report from McKinsey Global Institute said that remote work risks wiping $800 billion from the value of office buildings in major cities worldwide by 2030.
Source: mercurynews.com