Top Federal Reserve officials’ predictions that they would have to cut interest rates three times next year sent a bolt of energy through markets last week. But no one, especially policymakers in town halls or on Beacon Hill, should think we’re about to get some kind of relief from current market conditions.
Some Massachusetts bankers say they’re still quite willing to lend – and it’s not any change in their lending standards that are to blame for a drop-off in construction and purchase mortgages.
With communities struggling to address affordable housing shortages, Linda Pellegrino wants to help property owners preserve and rehabilitate affordable units – not as a developer but as a loan originator.
