Mortgage Rates Move Higher as Fed Signals Rate Hikes Are Coming

The increasing mortgage rates are having a negative impact on applications for new home loans and causing some analysts to worry about the spring real estate season. Mortgage applications dipped 2.6% last week as mortgage rates continued their march higher, according to the Mortgage Bankers
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French banking group BPCE has signed a partnership agreement to deploy Meniga's digital banking solutions across its Banques Populaires and Caisses d'Epargne banking units. Under the agreement, BPCE will integrate Meniga's technology to improve its digital channels and introduce new
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At last count, nearly 185 development projects — including hotels, office buildings, apartment complexes and industrial warehouses — are underway in Louisville and Southern Indiana. It's proof of the region's booming commercial real estate market. You can check out Louisville Business First's Project
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Detroit-based Quicken Loans claimed bragging rights Thursday as the nation's biggest mortgage lender in the fourth quarter of 2017. Quicken said it closed $25 billion in mortgage loans during the final three months of last year, enough to pass Wells Fargo, Bank of America and JPMorgan Chase for the
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Cronheim Mortgage has arranged $22.5 million in permanent financing for The Center at Split Rock, a neighborhood retail property located in Shelton. The 10-year loan amortizes over a 30-year period and was structured with a fixed rate of 4.12 percent. Situated on 11.7 acres, the 91,197-square-foot
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TheStreet cut Anixter International from a b- rating to a c rating in a research report on Tuesday, November 21st. ValuEngine raised Anixter International from a hold rating to a buy rating in a research report on Friday, December 29th. Finally, Zacks Investment Research raised Anixter International from a
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The results of the Primary Mortgage Market Survey are based on Freddie Mac's survey of lenders on the rates and points for their most popular 30-year fixed-rate, 15-year fixed-rate and 5/1 hybrid amortizing adjustable-rate mortgage products. The survey is based on first-lien prime conventional
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An innocuous trading statement released by First National Bank on Wednesday revealed to what extent Namibia's biggest commercial bank has been affected by the most severe recession since Independence. Released to both customers and shareholders by FNB sponsoring broker, IJG Securities,
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The broad-based major European markets closed lower in Thursday's trading session, as energy stocks, utilities, and real estate companies weighed down the exchanges. In economic news, The eurozone manufacturing sector made a strong start to 2018, according to data from IHS Markit. IHS said that
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The delinquency rate for commercial real estate loans in commercial mortgage-backed securities fell to 4.83 percent in January, a decrease of six basis points (bps) from the December level and 35 bps below the January 2017 level, according to new data from Trepp LLC. January marked the seventh
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The Canada Mortgage and Housing Corporation 1 Jun 2017 One issue in Canada that has worried bankers, investors, homeowners and the government is the sharp spike in real estate prices over the last few years. Top 20 Largest Consolidated Short Position Report – December 31, 2017 2 days ago
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WACO, Texas (KWTX) “Fixer Upper” stars Chip and Joanna Gaines stepped up to fulfil a local couple's wish for a wheelchair-accessible home for their two disabled sons, and the couple, Melissa and Jody Copp, learned Thursday that the shows fans have paid off the mortgage. “It is with great joy and
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Clear roadmap on banking reforms, tax concessions on bad loan provisioning and digital transactions figured on the top of the sector's wish-list. But all the Budget had to offer was some clarification on the tax front to ensure smoother resolution of stressed assets under IBC. As has been the case every
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Kendall Lockhart was on the road Aug. 18 in her packed car, heading from Houston back to Dallas to start her junior year. She was looking forward to the nice apartment she would be living in. But then her phone buzzed with an email from SMU announcing that mold had been found in the Daniel House
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“Anyone who has read the stories related to wire fraud in the real estate industry in the past year knows that this has become an epidemic. We wanted to take action to help bring even more certainty to the closing process by getting out in front of the problem, and providing our clients with an established
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Toronto brokers predict the housing market may enter a slow patch after a new mortgage stress test came into effect at the start of the new year and Canada's interest rates were increased in mid-January. Economists believe the interest rate could be raised twice more this year, potentially causing
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Philip Morris International (NYSE:PM) had its price objective lifted by equities researchers at Morgan Stanley from $120.00 to $123.00 in a report issued … Piper Jaffray Companies set a $130.00 target price on Philip Morris International and gave the stock a “buy” rating in a research report on Thursday,
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Newsweek Media Group, formerly IBT Media, and publisher of Newsweek and the International Business Times, has been buying junk online traffic and engaging in ad fraud, according to a new report from BuzzFeed News, citing an investigation from anti ad fraud firm Social Puncher. The report says
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But because of defaults from borrowers unable to pay their mortgage because of Hurricanes Harvey and Irma, the inventory of delinquent loans increased by 17% over the third quarter to 27,922 from 23,826. New notices from areas affected by the storm increased to 7,051 loans from 2,934 loans.
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Existing-home sales went up 0.5 percent in December 2017 from November 2017, but the supply of homes for sale at the end of December fell to the lowest level since 1999, according to the National Association of Realtors. New listings are ahead of the busy spring market, however, experts say this will
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