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Tag Archives: rates

Weekly mortgage refinancing continues to decline despite lower interest rates

Mortgage rates, which had remained stable two weeks ago, fell again last week, but this did not increase mortgage demand. The volume was 62% higher than in the same week a year ago when interest rates were much higher and refinancing activity extremely low. The average contract interest rate for 30-year fixed-rate mortgages with corresponding loan balances (484,350 USD or …

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Trump's company could save millions if interest rates fall to its liking

Jonathan O'Connell reporter on economic development with a focus on commercial real estate and the Trump organization 24. August at 12:37 President Trump Will Save Millions of Dollars on Interest Annuaring Pending loans to his hotels and resorts when the US Federal Reserve lowers interest rates, according to public filings and financial experts. In the five years before he became …

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Mortgage refinancing on a three-year high, fueled by low interest rates

NEW YORK – Lenders are flooded with mortgage refinancing requests that have not materialized since 2016, as US homeowners are taking advantage of recent interest rate cuts. The Mortgage Bankers Association, a trading group, said home loan refinancing applications rose 0.4% last week compared to the previous week, reaching their highest level since July 2016. This was the fourth consecutive …

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Amazon burns: Brazil's rainforest is burning at record rates, warns space agency

Image copyright Reuters Caption said Inpe So far, more than 72,000 fires have been recorded this year Brazil's Amazon rainforest has recorded a record number of fires over the same period in 2018, according to new data from the country's space research agency this year. It comes weeks after President Jair Bolsonaro heads the agency amid disputes over his deforestation …

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PBOC reforms key interest rates, LPR and bank interest rates

A Chinese flag floats amidst traditional lanterns in the streets of Beijing, China. Vincent Isore | IP3 | Getty Images China's central bank has changed the way commercial lenders set interest rates on loans – a move that is likely to cut borrowing costs at a time when the Chinese economy needs a boost. Growth slows in China The US …

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Mexico City rates damage after violent feminist protest

Workers erected a wooden wall around Mexico's legendary Angel of Independence Memorial on Saturday after feminists distorted it with graffiti during a violent and violent protest against a series of alleged rape by the police. This week resulted from the assumption that the city officials did not adequately investigate the allegations of rape. Both victims were teenagers. The demonstrations were …

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US real estate market, mortgage rates problems exaggerated: Opinon

Everywhere worries about the housing market seem to be growing. Residential investment reached its peak at the end of 2017 and has since declined. Nobel-winning New York Times economist and columnist Paul Krugman joked recently that housing was "an added concern for the economy." And recent news has raised similar concerns are wildly overrun. In contrast to hand wringing, the …

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