Real Estate

Wells Fargo: Rising rates won’t dent the housing recovery

According to Bloomberg, Wells Fargo (WF) Chief Financial Officer Tim Sloan said mortgage rates may be rising, but new families are still being created and homes are still affordable.    

“We don’t believe that the recent increases in mortgage rates are going to in any way, shape or form snuff out the housing recovery,” Sloan said.

“When you look at any sort of statistics in the demographics in terms of household creation as well as household affordability, they are still very attractive and should drive a continued recovery in the housing business," he added. 

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Building stronger communities: A blueprint for a community-centric business 

At VRM Mortgage Services, we have embraced a community-centric approach by tailoring services to clients’ needs, building local expertise, and supporting charitable initiatives. This approach enhances brand reputation, increases customer loyalty, and drives sustainable business growth.

3d rendering of a row of luxury townhouses along a street

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