Mortgage Rates Plunge to New Low This Year

Mortgage Rates Plunge to New Low This Year

Mortgage rates are as low as they've been in all of 2017. There are a few reasons for this, but it's been a while since locking your mortgage rate looked
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Big banks raise consumer lending rates after Bank of Canada rate hike

Canada's big banks will raise their prime lending rates to 3.2 per cent, effective Thursday, after the Bank of Canada boosted its trendsetting policy rate.
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Banks increase prime lending rate

Canada's biggest banks are poised to benefit from a surprise interest rate hike on Wednesday, with Royal Bank of Canada's (RBC) chief executive
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The BoC has put every mortgage holder on alert. Ten things to ponder now

The BoC has put every mortgage holder on alert. Ten things …. Bond yields, which are linked to fixed mortgage rates, have gone to three-year highs in
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Legal & General Group Plc Buys 9466 Shares of LTC Properties, Inc. (LTC)

The Company invests in senior housing and healthcare properties through sale-leaseback transactions, mortgage financing and structured finance
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Shoprite found guilty of reckless lending to the over-indebted

The National Consumer Tribunal found Shoprite guilty of reckless lending, and ordered it to pay a R1 million fine. Shoprite has also been ordered to
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What the benchmark interest rate hike means for your mortgage or credit card debt

So, what does that mean for people with credit card debt or a mortgage? Economist Bryan Yu with Central 1 Credit Union says if you're carrying a lot of
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Mortgage applications rise for first time in three weeks

The Weekly Mortgage Applications Survey conducted by the Mortgage Bankers Association shows applications were up 3.3% during the week ending
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These Are China's Shadow-Lending Hotspots

The value of shadow loans extended by regional banks in Liaoning, in the northeastern rust-belt region, amounted to 95 percent of their total lending
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BRIEF-CIBC raises prime lending rate

Canadian Imperial Bank Of Commerce – ‍raising its Canadian prime lending rate by 25 basis points from 2.95 per cent to 3.20 per cent, effective Sept.
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CSX Disruptions Weren't as `Overplayed' as Advertised

Bloomberg Intelligence analyst Lee Klaskow notes that things got worse at Canadian Pacific under Harrison's tenure before they got better.
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Fed Vice Chair Stanley Fischer resigns, citing “personal reasons”

With Janet Yellen's term as Federal Reserve chair set to expire in January 2018, there has already been plenty of discussion about who might replace
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Trump administration right to rein in losses from reverse mortgages

Nevertheless, that is what the Federal Housing Administration's Home Equity Conversion Mortgage program – commonly known as the “reverse
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Online agencies banned from lending to college students

Online lending institutions are banned from offering any loans to college students, said Zhao Jianjun, deputy director of the finance bureau in the
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Apple, LG to Discuss New Screens Deal With Shipments in 2019

Apple Inc. will have to wait until at least 2019 to be able to move beyond Samsung Electronics Co. for significant alternative supplies of
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Asian Stocks Advance After US Debt-Ceiling Deal: Markets Wrap

… while FX reserves probably continued to rise on stricter capital controls, robust growth and a stronger yuan, according to Bloomberg Intelligence.
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Lutherans Celebrate By Burning Mortgage Papers

The campaign's goal was to retire both of the church's mortgages: the larger with … The second, smaller mortgage is expected to be retired by the end.
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Kuroda Is on Top in the Guessing Game for Who Will Run the BOJ

21-25 Bloomberg survey of economists. With expectations that monetary policy will stay on hold until April next year when Kuroda's current stint
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Ellie Mae: Closing times jump significantly from West to East Coast

“Between the competitive housing market with limited inventory and the 30-year note rate at a 2017 low, some Millennial homeowners may be
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Competitive concerns behind risky lending: RBA

Concerns around maintaining a competitive edge are one reason why banks have been allegedly unable to reign in risky lending of their own accord.
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