Mortgage rates jump to 4-year high in ominous sign for spring housing

Mortgage rates jump to 4-year high in ominous sign for spring housing

A huge sell-off in the bond market is about to make buying a home more expensive.
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The property market is so slow that an estate agent is listing properties on Airbnb while it waits for a …

The UK's housing market is moving so slowly that estate agents are putting their properties on Airbnb in order to make money while they wait for them to sell. Estate agency Hunters has started renting out homes it has put on the market for sale through short-stay websites such as Booking.com and
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Romanian Parliament Approves Third Government in a Year

Romania's parliament approved the Black Sea nation's third government in a year, a move designed to end infighting within the ruling coalition that had risked harming the European Union's fastest-growing economy. Lawmakers in Bucharest voted Monday in favor of the new cabinet, which will be led by
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Valuation Metrics Under Consideration: PRA Group, Inc. (PRAA), Assured Guaranty Ltd. (AGO)

Investors also need to beware of the Assured Guaranty Ltd. (NYSE:AGO) valuations. The stock trades on a P/S of 2.18, which suggests that the shares are not attractive compared with peers. The broad Surety & Title Insurance industry has an average P/S ratio of 0.77, which is significantly better than the
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Egypt's El-Sisi Gets Competition—and It's From a Backer

Egypt's Abdel-Fattah El-Sisi has a last-minute challenger in March's presidential race — a staunch backer. Al-Ghad party chairman Mousa Moustafa Mousa, who founded a group that endorsed El-Sisi's re-election bid, filed candidacy papers with the electoral commission just minutes before the 2 p.m.
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Human trafficking in Alabama — How victims are lured in and what state lawmakers are doing …

“What we see at The WellHouse is not like what you see in the movie 'Taken' [the Liam Neeson movie in which college girls are kidnapped on an overseas trip and sold to international buyers].” Far more often, Potter said, those who come to The WellHouse may have different backgrounds, but their lives
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NorthMarq Arranges Freddie Mac Financing for 130-Unit Seniors Housing Community Near Seattle

Quail Park is a three-story building located on 15 acres featuring independent living, assisted living and memory care. LYNNWOOD, WASH. — NorthMarq Capital has arranged a Freddie Mac loan to refinance Quail Park of Lynnwood, a 130-unit seniors housing community in the Seattle Suburb of
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APG Asset Management NV Purchases 555800 Shares of First American Financial Corp (FAF)

The fund owned 748,900 shares of the insurance provider's stock after acquiring an additional 555,800 shares during the period. APG Asset Management N.V. owned … The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and
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Weatherford International Plc (WFT) Shares Bought by Exane Derivatives

Exane Derivatives grew its stake in Weatherford International Plc (NYSE:WFT) by 114.8% in the fourth quarter, according to the company in its most recent … Cowen set a $8.00 price objective on shares of Weatherford International and gave the company a “buy” rating in a report on Friday, October 6th.
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Predatory Lending Firms Have a Revolting New Scheme to Cash In on #MeToo

The #MeToo movement has been a strain on the bottom line of giant corporations scrambling to protect their profits in the wake of sexual harassment allegation. But where most companies see financial disaster, others see an opportunity. On Monday, the New York Times revealed that payday lending
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New high reached in foreign investment into US luxury residential real estate

The new report reveals that the Miami property market is dominated (80 per cent) by international buyers and occupiers, with just 20 per cent of the market being attributed to domestic US buyers. The average USD per sqft price for luxury Miami residential property is now USD2,749 (GDP2,121) with
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28-Year Commercial Real Estate Veteran Matt Bear Launches Investment Services Firm Bear Real …

LAS VEGAS, Jan. 29, 2018 /PRNewswire/ — Matt Bear, a commercial real estate veteran with nearly three decades of investment services experience, today announced the launch of Bear Real Estate Advisors LLC, a boutique real estate investment firm. The firm focuses on IRS Section 1031 exchange
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Entrepreneurs Always Think Next Year Will Bring Easier Credit. They're Wrong.

The study looked at total lending to big and small businesses from 1995 through 2015, and found that while loans to big businesses dropped off briefly after the recession, before growing again, loans to small businesses still have barely recovered. “If you look at small business lending, it doesn't bottom
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Fannie Mae CEO on the GSEs' Past & Future

Mayopoulos became CEO of Fannie in 2012, several years after the crash and as the work to repair its damage was in full swing. “There are a lot of people who would say that Fannie Mae and Freddie Mac were really at the cause of the financial crisis,” Mayopoulos said to Marketplace host Kai Ryssdal.
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Wall Street Didn't Like NVR's Q4 Results, but This 1 Metric Is of Greater Concern

After such a strong performance in 2017 and signs that the housing market is still going strong, one has to wonder what is going on with this stock. Is this just the market overreacting to some one-time blips, or are there some other things at play here that investors should worry about long term? Let's dig
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Man charged after allegedly firing gun on boat docked in Fortune

FORTUNE, NL – A 60-year-old man is scheduled to appear in Grand Bank Provincial Court today, Jan. 29, in connection with an incident involving the alleged discharging of a firearm from a boat docked at the wharf in Fortune. According to a RCMP news release, police officers responded and
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Monroe County Woman Wins $2 Million Playing the Michigan Lottery's Hot Fortune Instant Game

A Monroe County woman was dumbfounded after winning $2 million playing the Michigan Lottery's Hot Fortune instant game. The lucky player, who chose to remain anonymous, bought her winning ticket at the Sunoco gas station, located at 9010 Lewis Avenue in Temperance. “I had a $20 bill in my
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MOVES-JP Morgan Asset Management expands real estate team

Jan 29 (Reuters) – J.P. Morgan Asset Management, the asset management arm of JPMorgan Chase & Co, appointed Marie-Claire Bolton and Masami Takizawa as executive directors in its global real estate portfolio management team. Bolton was previously a senior investment adviser for the UK
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Tenant credit rating platform CreditLadder joins Open Banking movement

CreditLadder.co.uk is the first tenant credit rating improvement platform in the UK to integrate the new Open Banking rules into both its business model and tech. For the first time in the UK, tenants can sign up and #makerentcount by authorising CreditLadder to read their bank account transactions via
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Keurig Is Buying Dr. Pepper Snapple to Create a Caffeinated Behemoth

Bottles of Dr. Pepper soft drinks move down a production line at the Swire Coca-Cola bottling plant in West Valley City, Utah. U.S., on Thursday, Feb. 6, 2014. Dr Pepper Snapple Group Inc. is scheduled to release earnings figures on Feb. 12. Photographer: George Frey/Bloomberg via Getty Images.
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