The Mortgage Bankers Association (MBA) is forecasting $442 billion in total commercial and multifamily mortgage borrowing and lending for 2023, a 46% drop from the $816 billion generate in 2022. Multifamily lending alone – which is included in the total figures – is...
More than one-third of Canadians with a mortgage will have to make changes to their financial situation — including housing and employment – if the Bank of Canada enacts another rate hike, according to a survey from the personal finance site WealthRocket. The survey...
The U.S. Department of Justice (DOJ) announced a $9 million settlement with Ameris Bank, a wholly owned subsidiary of Ameris Bancorp (NASDAQ: ABCB) to resolve allegations that the lender engaged in redlining against predominantly Black and Hispanic communities in...
The 30-year fixed-rate mortgage continued its climb to the 8% level, averaging 7.63% as of Oct. 19, according to new data from Freddie Mac’s (OTCQB:FMCC) Primary Mortgage Market Survey. Last week, the 30-year fixed-rate mortgage averaged 7.57%. One year ago at...
New data published by the Pennsylvania Association of Realtors (PAR) showed 10,238 home sales within the state during September, down slightly from August but dropping by nearly 21% from September 2022. The number of listings declined 23% in September compared to last...
Q2 Texas Home Prices Held Steady
