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...
MVSB to Open New Rochester Branch
Meredith Village Savings Bank has announced plans to open a new branch location at 21 Farmington Road (Route 11) in Rochester in early summer 2022. The land purchase was finalized in late September and construction is slated to begin soon, the bank said. “We are...
Refis Soared in 2020, But Can Boom Continue?
Banks have had plenty of challenges in 2020 including lower commercial loan demand, less net interest income in the ultra-low-rate environment, and higher credit costs as a result of the coronavirus pandemic. But if there has been one silver lining, it’s in the...
Refi Activity Surges After Fed Drops Rates
The economic impact of coronavirus is expected to hit bank profitability hard, as customers struggle to make loan payments and growth projections slow with a large chunk of the world hunkering down to prevent the spread of the virus. But the one bright spot banks are...This Week’s Paper: Digital Edition
