Expected slowdown in remodeling is good news for mortgage business

People on the move: Sept. 8 People on the Move: Sept. 30. Recent new hires and promotions at area businesses. Post to Facebook Cancel Send. Sent! A link has been sent to your friend’s email address. Posted! A link has been.Rising rates: This phase favors consumers over banks  · Royal Bank of Canada (RBC) estimates that millennials in North America and the UK can expect to inherit $4 trillion. Other estimates range from $2.1 trillion of wealth to be transferred over the next 20 years to $3.9 trillion (Wealth-X/NFP) in the next 10 years and $24 trillion in the next 15 years ().The exact number of trillions aside, the consensus is the same: this is the biggest transfer.

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Good news for home sellers. Home prices are expected to continue to rise modestly this year and next. That will help the millions of homeowners who still owe more on their mortgages than their home is worth and cannot afford to take the loss if they sell. Keep up with your wealth and mortgages, and follow me on Twitter @JudyMartel.

There are few signs of excesses in financial markets like the subprime mortgage lending of a decade. manufacturers supply.

Last month, logistics company Federal Express slashed its 2019 earnings outlook and said it would have to cut costs because of a global economic slowdown. For the fourth. Earnings Scout’s Nick.

 · There is a good chance your home equity has increased over the past few years. The remodeling market is expected to grow seven percent this year due to homeowners staying in their current homes longer. Building loan interest rates are low . Interest rates for home equity lines of credit are historically low.

Every one of us with an interest in the mortgage business, whether it be a vested financial interest or otherwise, has to be wondering what the future of the industry is going to look like.

 · It has been a dismal start to the year for global stock markets. For Wall Street the first week has been described as the worst start ever. In the.

Uncertainty keeping mortgage rates low: Freddie Mac  · Mortgage rates inched down this week, averaging 3.48 percent for a 30-year, fixed-rate loan, dropping from 3.50 percent last week. Last year at this time, rates were 3.86 percent, according to Freddie Mac.. Yesterday, in a much-anticipated meeting, the Federal Open Market Committee (FOMC) decided to keep the federal funds rate unchanged in a contested vote, with three of ten members.

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Annual growth in the national market for home improvement and repair is expected to slow considerably by the end of the year, according to the Leading Indicator of remodeling activity (lira) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Beginners' guide to mortgages - MoneyWeek investment tutorials HomeNews & MediaExpected Gains in Remodeling Spending to Slide. and repair is expected to slow considerably by the end of the year, and rising mortgage interest rates are deflating owners' interest in. The Program seeks to produce a better understanding of the home improvement industry and.

Bill Dobbins Bill Dobbins is a photographer, video director and writer based in Los Angeles, California. Bill is best known for his photographs of female bodybuilders, but he has had a varied career outside of and in addition to this unusual speciality.