Banking & Lending
This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago, according to a survey released Monday.
New Hampshire’s top residential lenders are seeing small signs of an improving market despite higher interest rates and lower inventories of homes for sale that cut into their business in 2023.
Recent cyberattacks against national mortgage lenders and title insurance companies serve as a reminder that real estate-related firms have become major targets of online criminals.
From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers.
Chair Jerome Powell said in an interview broadcast Feb. 4 that the Federal Reserve remains on track to cut interest rates three times this year, a move that’s expected to begin as early as May.
The Federal Reserve’s inspector general has concluded that financial trades made several years ago by former Federal Reserve Bank of Boston President Eric Rosengren did not violate any laws or ethics rules.
When complete, Eastern’s acquisition of Cambridge Trust will give it eight new branches in New Hampshire in addition to the six that it already has in-state.
A new survey shows lenders appear to be feeling better about the economy, and a new forecast offers signs of green shoots, but the region still lags the rest of the country in its view of the coming year.
Economists at government-owned mortgage-buying giant Fannie May say they think residential mortgage rates might drop below 6 percent this year, sometimes seen as a critical horizon to get home sellers back on the market.
Customer satisfaction with national banks slightly improved this year, but a J.D. Power study found that depositors are attracted to higher interest rates at investment or wealth management and digital-only banks.