US Existing Home Sales Fell in December

Borrowing costs remain low by historical standards; the average interest rate on a 30-year fixed-rate mortgage in December was 3.95%, according to Freddie Mac. Still, the limited inventory on the market is driving up home prices at a rapid pace, potentially blocking some would-be buyers. The median
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“We have been working with the industry and a great partner to look at whether or not it is the right thing for us to do,” Friedman said in an interview with Bloomberg Television at the World Economic Forum's annual meeting in Davos, Switzerland. “We are still evaluating that.” Adena Friedman says
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According to a new analysis by Freddie Mac, the multifamily market will see continued strength in 2018, largely mirroring last year's performance. … In the outlook, Freddie Mac Multifamily Research and Modeling vice president Steve Guggenmos and manager Sara Hoffmann find that the moderated
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Financial Services Secretary Rajeev Kumar said that banks would have to first accept and adopt the reforms package finalised by the Finance Ministry, which is aimed at six themes of customer responsiveness, responsible banking, credit offtake, PSBs as Udyami Mitra, deepening financial inclusion
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Equally alarming, the overall number of housing units subsidized by federal home loan mortgage corporation Freddie Mac has decreased more than 60 percent since 2010, while private-sector investments remain inadequate. And without meaningful action at all levels of government, the ever-shrinking,
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1 Financial Institution in Michigan in a November article. Money also named LMCU's Max Checking the best checking account in the country among those offered by credit unions. Lake Michigan opened its Traverse City mortgage lending center in January of 2012. The Traverse City retail branch, now
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U.S. Mortgage Activity Hits Four-Month High Despite Rising Rates: MBA … NEW YORK (Reuters) – U.S. mortgage application activity climbed to their loftiest level in over four months despite 30-year home borrowing costs rising to their highest levels since March, the Mortgage Bankers Association said
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Bitcoin is supposed to allow for “anonymous” transactions, but that doesn't mean people's privacy can't be at risk when dabbling in cryptocurrency markets—as evidenced by fines just issued by South Korea's data protection regulator. On Wednesday, the Korea Communications Commission (KCC)
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In the past year, both the provincial and federal governments have introduced measures intended to cool the housing market, including a foreign buyers tax and the mortgage “stress test.” Durham Region Association of Realtors president Dennis Roberts says the measures helped bring average prices
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BOSTON–(BUSINESS WIRE)–Nanigans, the leader in performance advertising software, today announced record international business growth in 2017. Following its North American launch of incrementality optimization, and bolstered by the momentum of the in-house advertising movement, Nanigans
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Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.63, from 1.67 in 2017Q2. It dropped, as 2 investors sold Investors Title Company shares while 22 reduced holdings. 9 funds opened positions while 16 raised stakes. 786,425 shares or 0.61% less from 791,260 shares in 2017Q2 were
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CoreLogic calculates the “typical mortgage payment” using Freddie Mac's average rate for a 30-year fixed-rate mortgage assuming a 20% down payment. IHS Markit anticipates that inflation and incomes will rise gradually over the next year while a consensus forecast predicts a mortgage rate increase
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Wall Street watchdogs appointed by President Donald Trump are evaluating a specific proposal for easing the Volcker Rule, one of the financial industry's most-hated restrictions because it put shackles on bank trading after the 2008 financial crisis.
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She was among the hundreds of thousands of Puerto Ricans awarded a three-month moratorium on their mortgage payments as the U.S. territory reeled from the storm's destruction. Believing she was temporarily freed from those financial obligations, the 46-year-old government worker drained her
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Want to receive this post in your inbox every morning? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more. Brazil's former president Luiz Inacio Lula da Silva faces a court ruling today that's crucial for both his political future and Latin America's
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Brazil's President Michel Temer on Wednesday said that, after years of crisis and recession, Latin America's largest economy is on a recovery path that won't be derailed by elections. “Many are asking if our journey isn't threatened by up-coming elections in Brazil,” Temer said at a World Economic
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Many real estate agents say the Toronto-area market has had a sluggish start in 2018, with slim listings and hesitant buyers. Sales in the Greater Toronto Area dipped 6 per cent in the first half of January compared with the same period last year, John Pasalis, president of Realosophy, estimates.
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Mortgage applications continue on the tear they started during the first week of 2018. The Mortgage Bankers Association's (MBA's) Market Composite Index, a measure of loan application volume, increased 4.5 percent on a seasonally adjusted basis during the week ended January 19. The gain came
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Mortgage rates today actually caught a break, thanks to high demand for 2-year Notes at yesterday's Treasury auction. Normally … That's doubly helpful — an indication of possibly a less-healthy economy than expected (which keeps inflation at bay), and less demand for home loans due to fewer sales.
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