REFinBlog

Editor: David Reiss
Cornell Law School

February 24, 2017

Friday’s Government Reports Roundup

By Jamila Moore

  • In  a recent article titled, “How ARM Rates Help You Get More Home When Fixed Rates Keep Rising,” Dahna Chandler forces borrowers to be smarter about their home purchases. On average, U.S. homeowners move once every seven years due to family size, school districts, or career sustainability. Chandler explains why home buyers must consider the length of time they will live in the home to ensure they choose the loan type that is more cost efficient.
  • The lending market is drastically shifting. Once upon a time banks were the dominant lenders for homeowners in the U.S. However, as homeowners grow more worried about interest rates and terms of the loan, non-banks are becoming more and more attractive to potential homeowners. Today, the three largest bank lenders of 2005 share a total of 21% of the lending market which is astounding because they once held 50% of the market.
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