The 30-year fixed-rate average rose to 3.14% compared to 3.09% a week ago and 2.81% a year ago.
housing
Posted inNorthern Forecaster, The Forecaster
Developers seek community support for new Yarmouth pocket park
Work has begun on Yarmouth Commons, a commercial/residential building at the intersection of Route 1 and Portland Street.
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Posted inLocal & State
Hundreds of asylum seekers wait in Portland-area hotels because apartments are so scarce
More than 300 immigrants who arrived in Portland recently are waiting for permanent housing in a tight rental market.
Posted inBusiness, Local & State
Homeownership not among pandemic’s major economic casualties in Maine
Foreclosures are creeping back up since a pandemic-related federal moratorium ended, but experts say a drastic spike is unlikely.
Posted inBusiness, Nation & World
Existing U.S. home sales fell in August; price growth slows
It’s the latest sign the housing market is cooling as intense competition leaves many would-be buyers on the sidelines.
Posted inBusiness, Nation & World
Lawmakers attempt to revive nationwide eviction moratorium
Forcing people from their homes causes economic harm and exacerbates the public health crisis, supporters say.
Posted inNation & World
U.S. appeals court refuses to end CDC’s eviction moratorium
The realtors who sued are likely to appeal to the U.S. Supreme Court, which voted 5-4 in June to allow an earlier moratorium to continue only through the end of July.
Posted inOp-eds, Opinion
Commentary: Updating regulations will help prevent next mortgage meltdown
The rules should be expanded to apply to the internet-based ‘nonbanks’ that are underwriting two-thirds of home loans.
Posted inOp-eds, Opinion
Mayor Casavant: Public-private partnerships find housing solutions for Biddeford’s working families
Across Maine, citizens, elected officials, municipal staff and business professionals will originate ideas that make real headway toward easing this historic housing crunch.
Posted inThe Forecaster
Portland Housing Authority joins effort to encourage landlord participation in voucher program
The Portland Housing Authority is participating in the statewide Landlord Participation Incentive Program aimed at increasing the availability of housing for recipients of federal Housing Choice Vouchers. The program, created by MaineHousing and Maine’s public housing authorities, encourages private market landlords to participate in the federal voucher system by providing them with security deposits for […]