RBC hikes mortgage rates, joining TD

Royal Bank of Canada is raising the posted rates on some of its fixed-rate mortgages, becoming the second big bank this week to adjust its rates following sharp increases in government bond yields. RBC confirmed that it is raising rates on its one-to-four year mortgages by 15 basis points. It is also
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Night 1 had Wax Idols, who used to be signed to Geoff Rickly's label, and whose main member Hether Fortune goes back with Thursday and has performed with them before. She did that again on Wednesday, joining them on stage for “Paris In Flames” (video below). Night two had a friend Thursday go
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Swiss private bank EFG International gave investors an update on its start to the year as well as its next strategic steps. Under new CEO Giorgio Pradelli, the bank is returning to the acquisition trail. The Swiss private bank gave investors at its shareholder meeting on Friday a glimpse of business in the
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ValuEngine upgraded shares of Navistar International (NYSE:NAV) from a hold rating to a buy rating in a research report released on Tuesday, April 17th. Other analysts have also issued reports about the company. Royal Bank of Canada reaffirmed a hold rating and set a $45.00 target price on shares
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TD Bank, Canada's second largest lender, has raised its rate for five-year fixed mortgages by a whopping 45 basis points to 5.59 percent, making it one of the biggest mortgage rate increases by a major Canadian bank in the last few years. In an emailed statement to Bloomberg News, TD Bank
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The course of five western Loudoun town governments will be set by voters Tuesday. For many, this campaign season has been the most competitive in decades. In total, nearly 8,500 people are eligible to vote in those contests. There will definitely be two new mayors starting July 1. Middleburg's Betsy
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After nearly a year of construction, the building's first two tenants – boutique real estate firm Encore Sotheby's and private air travel company Jet Linx – moved in to their new offices in November 2017, and Loan Depot and Near North Title Company are expected to open on the first floor May 15 and June
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An exciting job advert has mysteriously appeared that is seeking a techie to head up infrastructure at TSB, just days after the bank's monumental and ongoing IT cockup began. The Register has asked TSB what the recruitment means for current infrastructure head Damon Yates, who is still listed as
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SANTA ANA, Calif.–(BUSINESS WIRE)–Apr 27, 2018–(NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the First American Loan Application Defect Index for March 2018, which estimates the frequency of defects,
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Freddie Mac, the huge government housing-finance company, is reviewing whether it inadvertently lent support to a company that specializes in a type of rent-to-own program that critics call predatory. Freddie Mac said it was examining a loan it effectively guaranteed under a pilot program meant to
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UBER's rival in China is moving fast. Didi Chuxing, hailed as China's Uber is trying to make a mark in the international market by buying its way around the globe. As it edges Uber off the international market, its sights are set on developing its fleet and technology. With the amount of investment Didi is
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The Saints knew they wanted pass-rusher Marcus Davenport, and they knew he wouldn't be there at No. 27. So they didn't mind taking out a loan for the future to get him. Saints coach Sean Payton shrugged off the cost of moving to No. 14 to take Davenport, a deal with the Packers that cost them a
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Fixed-rate mortgages are tied to what's happening in the bond market, and bond yields in Canada and the U.S. are near multi-year highs right now, which is why banks are passing those added costs on to consumers. “We look at a number of factors when determining rates including the competitive
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WeWork, a company that specializes in renting co-working spaces, is expanding in Orange County. The New York-based startup is opening a two-story workspace across the street from South Coast Plaza in Costa Mesa. The space at 3200 Park Center Drive will have enough room for up to 700
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Nathan Vlazny has joined national mortgage lender Waterstone Mortgage Corp. as vice president of underwriting. Vlazny was previously underwriting manager for the South Atlantic Region of Academy Mortgage. He has more than 15 years of experience in underwriting; 10 of those being in
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Royal Bank of Scotland, which last year posted its first annual profit since a government bail out a decade ago, has reported a strong start to 2018 with a sharp jump in its bottom line. The bank said attributable profits during the first three months of this year stood at £792m, more than treble the £259m it
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The European Defence Agency and the European Investment Bank (EIB) aim to finalise their envisioned “co-operative financial mechanism” (CFM) by the end of 2018, thus placing the EIB's vast borrowing muscle at the service of multination defence research and acquisition activities across the EU.
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For all the hubbub surrounding tech earnings, a company that hasn't yet reported is the biggest drag on the sector for a second straight week. Yep, Apple — and not earnings eggs laid by Alphabet or PayPal or even EBay — is the primary reason the S&P 500 Information Technology sector has been in the
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The idea goes to the heart of what many blockchain supporters want: eliminating middlemen in industries from finance to real estate and health care. It also makes digital currencies immune to government crackdowns on cryptocurrencies, such as China's attempt to close markets within its borders.
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Traders purchased shares of MGM Resorts International (NYSE:MGM) on weakness during trading on Thursday after the company announced weaker than expected quarterly earnings. $233.99 million flowed into the stock on the tick-up and $185.05 million flowed out of the stock on the tick-down, for a
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