Program has $35 million to help home buyers with down payments & lower interest rates

WHNT.com— For the first time in almost 15 years, the Alabama Housing Finance Authority (AHFA) is offering the First Step Mortgage Revenue Bond program.

Los Angeles Times—Did you buy a home with a high interest rate and intend to refinance later?. Ever since mortgage interest rates jumped in 2022, some Californians have had a strategy: Buy now and, once rates drop, refinance to save hundreds of dollars each month. The idea — pushed by some real estate agents — was supposed to be a trade-off. The buyer could pick up a home in a slower market, and though interest costs would be high, they wouldn’t stay that way. The strategy may still work, but so far, high borrowing costs are here to stay. In recent weeks, rates have climbed higher,...

Bloomberg.com—Danske Bank's Profit Rises 9% Helped by Higher Interest Rates. Danske Bank A/S posted a 9% advance in first-quarter net income, roughly in line with analyst expectations, as higher interest rates improved profitability at Denmark’s largest lender.

www.theyeshivaworld.com—US Adds Lower-Than-Expected 175,000 Jobs As Interest Rates Bite. The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that persistently high interest rates may be starting to take a bigger toll on the world’s largest economy. Friday’s government report showed that last month’s hiring gain was down sharply from the blockbuster increase of 315,000 in […]