according to the National Association of Realtors. By contrast, a mortgage provides a steady and affordable monthly payment. And here’s something else – the median net worth of homeowners is 46 percent higher than that of renters. Plus, interest rates are at historical...
I think you clearly see in mortgage -- I think that's an industrywide event. I think two things are happening. One, the lower interest rate environment driving significant volumes and then the attractiveness in the secondary market for these assets are driving the pipeline valuation a little...
Where are interest rates? Bond yields are near historic lows with the 10-year treasury benchmark currently offering 1.46% as of March 2021. With 10-year treasury yields this low, the expectation is that yields can only go up from here. When rates go up, the market price of existing fixed...
$181.0 millionin consumer loans (primarily from Spring EQ),$91.9 millionin residential mortgage due to the reasons noted above, and$71.0 millionin C&I. These increases were partially offset by
of Wilmington, Delaware acquired a controlling interest in the reverse mortgage company 1st Reverse Financial Services LLC of Westmont, Illinois. WSFS already operates its own reverse mortgage operation. The acquisition will give it a national presence in that business....
residential mortgage and refinancing solutions; and leases small equipment and fixed assets, as well as provides financial planning, customized investment strategies, brokerage products, fiduciary, and wealth management services. Further, the company provides ATM vault cash, smart safe, and other cash lo...
2Annual Percentage Yield (APY). The interest rate and APY are effective as of March 04, 2025 and are subject to change. A penalty may be imposed for early withdrawal. Withdrawal penalties are as follows. For a 6-month term, the penalty is 3 months’ interest. For a term from 7-12 ...
If you found yourself on the sidelines of the housing market in recent years, you’re not alone. Between elevated interest… Home Ownership WSFS Mortgage Homebuyer Workshops – January 2025 Purchasing a home is one of life’s most important financial decisions. If ...
rates dropped significantly, we wouldn't expect to see as much refi activity although there will be some. So I think that will flatten out and be of a more and more sort of portfolio mortgage duration attrition rate. And again, we want to focus on and see if we can grow those ...
For months, most of the region has experienced a white-hot real estate market as interest rates remained low and people sought new homes to fit their pandemic-influenced work, school and leisure lifestyles. With so many people looking to buy, competition for homes in ...