Key insight: Banks made $80.5 billion in the first quarter, with the rate of lending at its fastest pace in years. Supporting data: The net interest margin industry-wide fell by 8 basis points to 3.31% Expert quote: “We’ve had several consecutive quarters of very favorable banking conditions, but at the same time we’re always mindful […]
Bank earnings rise in Q1, though margins tightened Read More »
US mortgage rates increased last week to the highest since August, restraining home-purchase activity and prompting a sharp pullback in refinancing. Processing Content The contract rate on a 30-year mortgage rose 9 basis points to 6.65% in the week ended May 22, according to Mortgage Bankers Association data released Wednesday. Since the start of the
Mortgage rates climb to highest level since August Read More »
Let’s be real with each other for a second about affordability. Because you deserve someone who will be honest and transparent about what’s going on, especially if you’ve got a move on your mind. Here’s the full picture of what’s happening and why. The good – and the bad. So, you know what it truly
The Truth About Affordability Today Read More »