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PublishedNovember 2, 2023
The average long-term U.S. mortgage rate slips to 7.76% in first drop after climbing 7 weeks in a row
The average rate on a 30-year home loan climbed above 6% in September 2022 and has remained above that threshold since.
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PublishedOctober 19, 2023
Lack of inventory hurt Maine home sales in September
The overall number of homes for sale last month increased by 2% from August, but there's still a huge demand and a tiny inventory.
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PublishedSeptember 21, 2023
Maine housing market stuck on falling sales, rising prices
It's the same old song and dance as a tight inventory slows sales and pushes some prices up.
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PublishedSeptember 21, 2023
Average long-term U.S. mortgage rate up to 7.19%
It is another setback for would-be homebuyers navigating an increasingly less affordable housing market.
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PublishedAugust 24, 2023
Average long-term U.S. mortgage rate jumps to 7.23%, highest level since June 2001
It is another blow to would-be homebuyers grappling with rising home prices and a stubbornly low supply of properties on the market.
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PublishedAugust 22, 2023
Maine homebuyers challenged as prices stay high
A small statewide inventory, high buyer demand and rising interest rates keep the pressure on an already hot housing market.
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PublishedAugust 3, 2023
Bank offers first Islamic mortgages based in Maine
The program is viewed as a watershed initiative for Maine's immigrant community.
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PublishedJuly 26, 2023
Auto loan rejections are up as Federal Reserve keeps raising rates
Mortgage rates, which have surged since the Fed began lifting rates in March 2022, could rise further. So could rates on credit cards and some business loans.
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PublishedJune 27, 2023
Maine home sales continued a familiar trend in May
The decline in sales volume and run-up in prices were similar to those in previous months, but an expert says there’s a ‘glimmer of hope’ for potential buyers.
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PublishedJune 22, 2023
U.S. home resales barely rise as inventory constraints worsen
The constrained inventory levels, pared with high mortgage rates, continue to impede the resale housing market.
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