Fewer mortgage applications as rates reach four-year high

With 30-year mortgage rates reaching a four-year high, loan application activity was lower this past week, according to the Mortgage Bankers Association. The MBA's Weekly Mortgage Applications Survey for the week ending Feb. 16 found it decreased 6.6% on a seasonally adjusted basis from one
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South Phoenix underserved entrepreneurs and small businesses, particularly those along the South Central Avenue corridor, are the focus of a new $1.1 million lending program that will help them secure loans and fortify their potential to expand, increase their revenues and thrive. A new $1 million loan
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THE Center for International Trade Expositions and Missions (Citem) is encouraging more small and medium enterprises (SMEs) to join exhibits so they can meet new buyers and expand their market reach. Citem Information Officer Luzviminda Soriano, in an interview yesterday, said that amid the
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IBM X-Force Incident Response and Intelligence Services (IRIS) assesses that threat groups of likely Nigerian origin are engaged in a widespread credential harvesting, phishing and social engineering campaign designed to steal financial assets. Beginning in the fall of 2017, X-Force IRIS experienced
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Late last year, there were reports that the Iranian government was keen on the Bitcoin cryptocurrency as a way of bypassing economic sanctions. However, the government has now said this is not the case at all. According to the independent Iranian news site Iran Front Page, the country's central bank
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A report from the Mortgage Bankers Association on Wednesday showed applications for loans to buy a home decreased more than 6 percent last week from a week earlier. The Market Composite Index, a measure of mortgage loan application volume, decreased 6.6 percent on a seasonally adjusted
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In an effort to avert potential production problems of its devices, Apple is in talks to directly acquire a critical mineral used in lithium-ion batteries. The tech giant is negotiating with miners to buy thousands of metric tons of cobalt annually for a period of five years or more, Bloomberg is reporting, citing
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The New York State housing market started 2018 with 8,698 closed sales, according to new data from the New York State Association of Realtors (NYSAR). However, the total sales were 2.7 percent below the record-setting January 2017 total of 8,940. The January statewide median sales price was
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A new mortgage in the amount of $19,100,000 on a 151-unit multifamily property located on Somerset Street in New Brunswick, NJ. The loan features an initial rate of 3.53% and a five-year term. David Fisher and Scott Jackson negotiated this transaction. • A new mortgage of $19,000,000 on a 83-unit
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Citigroup has created a new position to oversee its corporate banking activities in natural resources across Europe, the Middle East and Africa. Citi said Marie-Christine Olive, a banker with 29-years of experience, would be taking on the role, which will cover everything from miners to commodity traders.
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Rates for Fannie Mae- and Freddie Mac-backed loans are lower right now, and the same for FHA loans, VA loans, and USDA loans. So what are today's mortgage rates? That's going to depend on you, your credit score, and your home. It will also depend on what you do with closing costs. Loans with
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Elizabeth Warren criticized fellow Democrats in a fundraising email Wednesday, accusing them of working with Republicans to “gut” post-crisis regulations on big banks. The Massachusetts senator took aim at the 12 members of her conference who have signed onto legislation that would ease some
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Metro Pittsburgh Real Estate: Here's Where To Find Houses, Prices. Looking for a new house? Just browsing? … PITTSBURGH, PA- Southwestern Pennsylvania has a wide range of housing — from epic mansions and estates to high quality starter homes. Need lots of bedrooms? A small yard?
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Lloyds Banking Group has set ambitious targets to improve its profitability over the next three years, as it moves on from the payment protection insurance mis-selling scandal that has been hampering its recovery. António Horta-Osório, the UK lender's chief executive, said the group would invest more
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Stream the The Financial Exchange episode, George Ratiu (NAR, Spring Housing Market), free & on demand on iHeartRadio.
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Existing-home sales in January was the largest year-over-year drop in over three years, according to new data from the National Association of Realtors … “While the good news is that Realtors in most areas are saying buyer traffic is even stronger than the beginning of last year, sales failed to follow
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Capwealth Advsrs Llc holds 0.07% of its portfolio in Federal National Mortgage Association (OTCMKTS:FNMA) for 122,250 shares. … More news for Federal National Mortgage Association (OTCMKTS:FNMA) were recently published by: Washingtonpost.com, which released: “Prince George's County
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And on the surface, it looks surprisingly bold. But it remains to be seen whether the 30-point housing plan British Columbia Premier John Horgan's government unveiled Tuesday will begin to expunge the pathologies that have turned Metro Vancouver's real estate market into an international housing
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American Century Companies Inc. lifted its holdings in shares of Orthofix International by 7.0% in the 4th quarter. American Century Companies Inc. now owns 157,052 shares of the medical device company's stock valued at $8,591,000 after buying an additional 10,250 shares during the period. Aperio
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Sunil Daswani left Northern Trust, where he was head of international securities lending, a spokeswoman said. Mr. Daswani was responsible for the Europe, Middle East and Africa and Asia-Pacific regions. It could not be learned why he left or his future plans. Mark Jones was named head of securities
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