As expected, Federal Reserve Chairman Jerome Powell did not set a timeline for lowering interest rates during his semiannual monetary policy report to Congress on Tuesday morning when participants complained about the effects of a tightening monetary policy in the housing market. Powell indicated that Fed officials are not there…
Continue reading →In the May 2024 reverse mortgage rates report, we discussed how reverse mortgage borrowers might benefit from higher interest rates over the life of the loan. While this is counterintuitive, one must often think about reverse mortgages in…well, reverse. Of course, the reason for this is because the unused principal…
Continue reading →Over a quarter (26%) of retired investors continue to pay off their mortgage, and precisely one-quarter of the cohort are continuing to pay down credit card debt, according to a new survey from the Nationwide Retirement Institute. The U.S. retirement population is getting older at a faster rate and are…
Continue reading →ECL Entertainment announces the name of its new charitable gaming venue in the former Sears building at Pheasant Lane Mall: “The Nash Casino.” This state-of-the-art facility will transform 130,000 square feet of the 180,000-square-foot, two-story building into New Hampshire’s largest charitable gaming operation. ECL Entertainment names Pheasant Lane Mall charitable…
Continue reading →Attorneys for Concord Casino on South Main Street say it has garnered interest from several potential buyers, including a Las Vegas-based gambling company. But the site’s future remains uncertain as the Lottery Commission objects to the operator’s request for an extension, unconvinced that a sale is pending. Andy Sanborn, operator…
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