Mortgage Rates Rise Yet Again—Does That Mean Home Prices Might Fall?
Getty ImaagesMortgage rates have risen yet again, reaching 7.63% on average for a 30-year fixed-rate loan for the week ending Oct. 19, according to Freddie Mac.That’s up from last week’s 7.57%, which was already hovering at a 23-year high.What’s more, recent economic indicators have “raised concerns
$9M Lender Settlement for Redlining in Jacksonville
Ameris Bank will settle with the Justice Dept. for $9M because it allegedly didn’t underwrite many mortgages in largely Black and Latino Jacksonville communities.
MBA: Commercial Loans to Drop 46% in 2023
The Mortgage Bankers Assoc. predicts a decline from 2021’s $816B to $442B this year as interest rates keep rising and supply/demand’s future remains murky.
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