30-year mortgage rate jumps to highest mark in over a year

WASHINGTON >> Long-term U.S. mortgage rates climbed for the fifth straight week amid investors' growing concern about inflation. Mortgage giant Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages shot up to 4.32 percent this week, up from 4.22 percent last week and the
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Petra Laurie of Island Realty represented the buyer, and Ben Thomas of Lila Delman Real Estate International represented the sellers. The property includes 3 acres surrounded by stone walls with panoramic views of the East Passage of Narragansett Bay. The property includes the four-bedroom house
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The fire started Thursday night in the Michael and Dowd furniture store and spread to Clingman Pharmacy, Fischer Law Firm and the Benton County Title Company. The fire burned through much of the night, with firefighters battling the blaze while temperatures hovered in the teens and heavy snow fell.
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Airbnb hosts will be able to use rental income from their primary residence to refinance mortgages with Quicken Loans thanks to a new partnership of the tech-driven firms. The new partnership will enable rental hosts to access their home equity through increased debt to income calculations. Their Proof
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UPDATE: Vinton Fire Department tells us the fire at Michael & Dowd Furniture is still burning. Smoke and water damage is now effecting neighboring businesses. Smoke is still coming out of the furniture store. The city is working to restore power to businesses next to Michael & Dowd. Traffic lights in
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Pizza lovers are going to be really happy on Friday, Feb. 9 — it's National Pizza Day, an occasion to celebrate by grabbing a slice or eating an entire pie. National Pizza Day is one among several unofficial “food holidays,” but, any excuse to eat pizza is appealing. Several restaurants have special deals.
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Mettler-Toledo International logo Mettler-Toledo International (NYSE:MTD) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday. MTD has been the subject of a number of other reports. Jefferies Group restated a “hold” rating and issued a
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The surge in prices over the last year has seen a rise of 22.95 per cent – or 143,476 – more owners of homes worth at least £1m since August 2016 when the data was last analysed. That means 2.7 per cent of the country's housing stock is now valued at £1m-plus, according to the property website
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That's the premise of Keith McSpurren's re-boot of web-based real estate brokerage TheRedPin. He wants to harness technology to transform the traditional real estate industry. Machine learning and software won't replace agents, but they will standardize and streamline the property search and they will
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So in the spirit of celebrating a legend, and hoping he will return (there's an online petition going around), let's twist some of Mick Dundee's famous quotes into real estate lessons, just like he twisted his knife into the noggin of a killer croc. The dummy promotional shot for a new Crocodile Dundee movie.
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The Open Banking agenda is being driven by regulation: the revised Payment Services Directive (PSD2) and the UK's Competition and Markets Authority's retail banking review are both mandating the opening up use of bank data and the creation of common standards for the sharing of data.
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MORTGAGE brokers Finance 365 is gearing up for an “aggressive” 2018 after notching its second-straight national top 25 brokerages ranking this month. The business, which has branches in Bayswater and Wangara, secured 23rd spot in Australian mortgage and finance publication The Advisors' list,
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L'Oreal said it could finance a purchase of the holding, now worth around €22.3-billion ($27.4-billion), with cash, by selling its stake in French drugmaker group Sanofi or through borrowing if needed. “If Nestle one day wants to sell, we are ready,” Chairman and Chief Executive Jean-Paul Agon told a
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This year promises to continue being a seller's market for homeowners in the Greenville area. Research economist Joey Von Nessen presented a 2018 housing forecast Thursday to the Home Builders Association of Greenville, and all indications — declining unemployment, persistently low mortgage
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Do U.S. retail and commercial bankers destroy shareholder value every day when they stray from pure maturity transformation? That's the conclusion of a recent academic paper co-authored by Juliane Begenau from Stanford and Erik Stafford from Harvard Business School. The analysis in the paper is
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Bitcoin and other cryptocurrencies solve the problem of making payments in an environment where trust is broken — but it's unclear whether that's a dilemma that needs to be solved, Federal Reserve of New York economists wrote in a blog post. Consumers trust institutions and the value of their
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The European Securities Markets Authority (ESMA) aims to implement its new direct supervisory mandate this year, in line with the Securities Financing Transactions Regulation (SFTR), to increase the transparency of securities lending, among other securities financing transactions. In its 2017 Annual
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Robert Half International (NYSE:RHI) had its target price hoisted by equities research analysts at SunTrust Banks to $58.00 in a research note … Robert W. Baird restated a “buy” rating and set a $67.00 target price on shares of Robert Half International in a research report on Wednesday, January 31st.
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Agent Stephen Ploof of Linda A. Gary Real Estate is representing Miller in her buy of the two condos, sources confirmed to the Daily News. The units were listed for sale separately by Douglas Elliman Real Estate for a combined $44.13 million. Ploof and broker Linda Gary aren't commenting on the deal,
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“Usually [Indian buyers] bought 4,800 kcal/kg NAR and 5,500 kcal/kg NAR coals, but now they are also buying 5,700 kcal/kg NAR,” a Europe-based trader of … can be more profitable and stay ahead of the competition by getting the full story and the latest prices from Platts Coal Trader International.
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