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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 2, 2023
At $10 million, one of the priciest homes in Maine history goes to former SEC chair
Richard Breeden, known as 'King Richard' at the Securities and Exchange Commission, bought the Knox County estate in the most expensive home sale so far this year and the 6th-highest ever in Maine.
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PublishedMay 18, 2023
With a significant price increase in April, Maine’s housing market may be heating back up
The lack of inventory again hampered sales, but bidding wars are starting to resume and prices rose by more than 6%.
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PublishedMarch 30, 2023
Hundreds of Mainers have gone into real estate as the hot market begins to cool. Now what?
The number of real estate agents has been growing by double-digit percentages. But the trend may be reversing, even as younger agents join the field.
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PublishedMarch 21, 2023
U.S. home sales surged in February as mortgage rates dipped
The surge in sales – the biggest on records going back to 1999 – ended a 12-month slide that knocked the nation's housing market into its deepest slump in nearly a decade.
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PublishedFebruary 22, 2023
Lack of inventory slowed Maine home sales in January
The most recent monthly data show the number of sales fell by double digits compared to a year ago, while prices rose modestly.
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