Improving economy brings banks closer to a halt
According to Rob Chrisman’s Daily Mortgage News & Commentary, as the economy has steadily improved, the number of bank closures has slowed down significantly, with bank and credit union mergers filling in the gap.
Bank closures have really slowed, but bank & credit union mergers roll on, for various reasons including financial strength or combining redundant departments to save money.
An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]
