Mortgage Rates and Credit Availability Rise

Mortgage Rates and Credit Availability Rise

The 30-year fixed-rate mortgage (FRM) averaged 3.94 percent for the week ending Dec. 7, up from last week when it averaged 3.90 percent. The 15-year FRM this week averaged 3.36 percent, up from last week when it averaged 3.30 percent. And the five-year Treasury-indexed hybrid adjustable-rate
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Vancouver Study Shows Why Seattle's HALA Is Doomed To Fail

But what's interesting is that the forces at work in Vancouver BC's housing market seem unrelated to those at work in, say, Toronto's—a city that, like Seattle, has a real economy and lots of high paying jobs. Vancouver, on the other hand, “relies largely on an inflow of foreign money to fuel its real estate
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Schaefer named chief lending officer at Dover Federal Credit Union

Prior to this promotion, Schaefer previously served as the vice president of business services before transitioning to the credit union's chief commercial officer, where she developed a business services division while redeveloping the collections department, known as Member Solutions.
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Briefcase: Stocks rise; Bitcoin stumbles

The rate on the benchmark 30-year fixed-rate mortgage rose to 3.94 percent from 3.9 percent last week, mortgage giant Freddie Mac said. The 15-year, fixed-rate mortgage, popular among homeowners seeking to refinance, also increased, rising to 3.36 percent from 3.3 percent. Shorter-term rates are
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Top 10 Housing Markets Still in Recovery Mode

shutterstock_75860152 Since the housing crash and recession in 2008, some metro areas have made full recoveries, while others continue to struggle. Recently released data reports that 37 major metropolitan statistical areas (MSAs) that have not yet recovered peak values reached during the previous
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FHA ceases approvals of PACE loans, citing taxpayer risk

WASHINGTON — The Federal Housing Administration will stop approving new mortgages on properties encumbered by assessments used to finance and update heating and cooling systems, the Department of Housing and Urban Development said Thursday. These Property Assessed Clean Energy
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Fannie and Freddie overhaul plan takes shape on Capitol Hill

Congress still has a long way to go before resolving the most significant overhang that remains from the 2008 financial crisis. But a consensus is emerging around principles for overhauling Fannie Mae, Freddie Mac and the U.S. mortgage-finance system. Sens. Bob Corker, R-Tenn., and Mark Warner,
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Rush for real estate in Sonoma didn't wait for fires to cool

Sonya Sweeney, whose family lost its home during the recent fires in Wine Country, looks on after serving breakfast as her son Nicky, 12, and daughter Maddie, 15, make a gingerbread house for a fundraiser at … more. Photo: Peter DaSilva, Special To The Chronicle. Image 2 of 3. The ruins of the
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Why is Xerath being nerfed before Miss Fortune?

Now I don't disagree with Xerath being nerfed so don't misunderstand me…. but MF hasn't been touched in MONTHS and has a far higher winrate than Xerath with almost 3x his pickrate to top it off. Oh and Riot is actually indirectly buffing her by making black cleaver even stronger… Login to comment
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Commentary: The Largest-Ever Tech IPO Is Coming—And It's Not From Silicon Valley

Reuters reported Wednesday on a possible initial public offering (IPO) from Xiaomi, one of China's largest producers of mobile phones. Xiaomi is not a name that most Americans are familiar with, as its products are not sold in the U.S. If this IPO goes through, however, that may change. Here in America
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Millions would lose mortgage, gift write-offs under US tax bill: study

WASHINGTON (Reuters) – Millions of households would no longer benefit from federal tax deductions for charity donations, mortgage interest payments and property tax under Republican tax plans being debated in the U.S. Congress, a think tank said on Thursday. The left-leaning Institute on Taxation
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Commentary: The 3 Fastest-Growing Jobs Right Now, According to LinkedIn

Many have predicted doom and gloom for the jobs market in the face of new disruptive technologies like A.I. and robotics, but there are extremely positive signs to quell fears about jobs disappearing. History shows us that jobs don't just disappear. They are redefined or replaced with new ones over time,
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Is It Too Late To Buy Haitian International Holdings Limited (SEHK:1882)?

Today we're going to take a look at the well-established Haitian International Holdings Limited (SEHK:1882). The company's stock received a lot of attention from a substantial price movement on the SEHK in the over the last few months, increasing to HK$26.9 at one point, and dropping to the lows of
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QV figures show house price increases in Hawke's Bay

The latest monthly QV House Price Index has seen house values continue to rise around the region. Napier values rose 17 per cent year on year and 4.1per cent over the past three months. The average value in the city is now $478,059 and values are now 40.5 per cent above the previous peak of 2007
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Now on the Menu: Starbucks' Christmas Tree Frappuccino

Starting Dec. 7, a new drink on the Starbucks menu hopes to bring some holiday magic to participating stores. For five just days, the Christmas Tree Frappuccino will give Starbuck's Unicorn Frappuccino—that secret menu favorite—a run for its money. Just the latest in fun, funky drinks from the
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Insider Buying: MGM Resorts International (MGM) Director Buys 25000 Shares of Stock

MGM Resorts International logo MGM Resorts International (NYSE:MGM) Director Sean Charland bought 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 6th. The shares were purchased at an average cost of $22.50 per share, for a total transaction of
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GE Is Laying Off 12000 People From Its Power Business

General Electric plans to lay off 12,000 people from its GE Power business unit as part of a broad effort to cut $3.5 billion in costs by the end of 2018. The company blamed the layoffs, which represent about 4% of its total workforce, on a weak global power market, including the gas and coal industries.
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COLUMN: Digital banking trends from the past year and what to expect in 2018

Banks with Commercial/Business banking products get serious about digital onboarding: Business banking products have lagged behind retail in their digital transformation as banks have lavished attention on improving their personal banking experiences. Big projects this year to move off of complex
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Correction to Text, December 7, 2017 Release: Moody's Assigns Provisional Ratings to Eight …

… 2017 Release: Moody's Assigns Provisional Ratings to Eight CMBS REMIC Classes of FREMF 2017-K70 and Five SPC Classes of Freddie Mac SPCs, … New York, December 07, 2017 — In the debt list for Guaranteed and Underlying Ratings for the Freddie Mac Structured Pass-Through Certificates
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Japan Bank Lending Rises 2.7% On Year In November

TOKYO (Alliance News) – Overall bank lending in Japan was up 2.7% on year in November, the Bank of Japan said on Friday – coming in at 518.099 trillion yen. That was below expectations for a gain of 2.8%, which would have been unchanged from the previous month. Excluding trusts, bank lending
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