Farewell Refis, Hello HELOCs

Farewell Refis, Hello HELOCs

Rising interest rates are changing the residential lending landscape for banks and credit unions across New Hampshire.   Much attention has been heaped on the fact that total home-purchase lending decreased last year by 7 percent in New Hampshire, to $5.71 billion in...
HELOCs Step into the Gap

HELOCs Step into the Gap

More homeowners – and lenders – are turning to home equity loans and lines of credit in the face of historic levels of tappable equity and rising mortgage rates that make cash-out refinances unattractive.  The historically low interest rates in 2020 and 2021 have left...