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Mortgage

Community, regional banks cater to niche markets

Community and regional banks have their own niche markets and continue to maintain profitability by reaching out to local borrowers. One commentator stood up for the value of the smaller banks, noting that they bring extra life to a community while still maintaining their profitability. The Huffington Post explains:

Every big bank began life as a community bank. Even Bank of America, which was founded under the name of Bank of Italy, offered immigrants a banking experience that was denied to them by the white-shoe banking establishment of San Francisco. Even though the bank founded by AP Giannini was gobbled up long ago, the brand "Bank of America" continues today as a monument to acquisitions and empire building, but the name that built the brand was done one customer at a time.

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Lower mortgage rates attracting more homebuyers 

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 […]

3d rendering of a row of luxury townhouses along a street

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