Tag Archives: Economy

Economy in US Grows at 2%Rate, More Than Forecast

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Economy in US Grows at 2%Rate, More Than Forecast
Housing Demand. Mortgage rates driven to record lows by Federal Reserve asset buys are stoking demand for housing. Americans bought new homes in September at the fastest pace in two years, Commerce Department figures showed two days ago.
Read more on Bloomberg

Current mortgage interest rates advances: Citigroup Inc. (NYSE:C) trades …
Current mortgage interest rates rose Friday as optimistic investors started shifting to stock markets. Bank of America, JPMorgan Chase & Co. (NYSE:JPM), HSBC Holdings plc (ADR) (NYSE:HBC), and U.S. Bank showed changes in the wake of the moving …
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US mortgage rates for past 52 weeks at a glance
US mortgage rates for past 52 weeks at a glance. Average U.S. mortgage rates rose slightly this week and continued to hover near record lows. Here's a look at rates for fixed and adjustable mortgages over the past 52 weeks: …
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Current Mortgage Rates for Wednesday, October 24, 2012
Yesterday we saw some improvement in mortgage rates as the stock market endured one of its worst sessions of the year, although not as much as I might have anticipated. Today it looks as though rates will be under upward pressure, at least partially …
Read more on Mortgage Rates & Trends (blog)

Economy Watch: Residential Delinquencies Jump; Most Housing Markets Worse …

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Economy Watch: Residential Delinquencies Jump; Most Housing Markets Worse …
According to LPS, the states with the highest percentage of non-current loans — delinquencies plus foreclosed properties that haven't been place on the market — are Florida, Mississippi, and New Jersey (with Nevada in the fourth slot). The states with …
Read more on Commercial Property Executive (blog)

Shorten's flexible approach gets tick from finance sector
The cap on costs appropriately balances consumer protection while still allowing lenders a return that is commercial.'' But the industry was delighted as Shorten had acknowledged the role the pay-day lending sector played in ''ensuring that vital …
Read more on The Age

BB&T Commercial Real Estate Unit Buys Calif. Lender
Grandbridge Real Estate Capital, a wholly owned subsidiary of BB&T (BBT), is buying Dwyer-Curlett & Co., a commercial real estate finance firm based in Los Angeles. The deal, announced Monday, would give Charlotte-based Grandbridge three offices in …
Read more on Bank Technology News