Mortgage rates fall for fourth week in a row – CNN
Mortgage rates fall for fourth week in a row CNN
Mortgage rates fall for fourth week in a row CNN
John F. Kennedy has been gone nearly 60 years, and Jackie Kennedy (Onassis) nearly 30, but the couple still resonates with people. The first home that they owned as a married couple is for sale in Washington DC. If youâre ever in a guessing game about the most expensive places to live in the United States, stick with the safe bets: New York and anything California. Seems the press has latched on to declining home sales, but declining due to high prices, lack of inventory, or lack of buyerâs interest? Other stories indicated increasing home sales, but in certain price ranges, more builder inventory, or continued Millennial first-time home buyer interest? Take your pick. Meanwhile, lenders and originators have their continued regulatory speedbumps. Orrick reports that, âThe Conference of State Bank Supervisors (CSBS), on behalf of the NMLS Policy Committee, issued a request for public comments on proposed uniform state licensing standards for mortgage companies. The Proposal: Mortgage Business-Specific Requirements would create a national standard for mortgage industry licensing to help improve uniformity within the state system and streamline the licensing process for mortgagees seeking licensure in multiple states.â (Todayâs podcast can be found here and this week itâs sponsored by MGIC. Since 1957, MGIC has insured more than 13.5 million mortgage loans with innovative products, tools and strategies that help customers solve problems and fuel growth. Explore tools and solutions to boost your business here. Listen to an interview with Townstone Financialâs Barry Sturner and Garris Horn LLPâs Richard Horn on the CFPBâs recent judicial failures.)
Breathe easy with these top picks.
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Build a gorgeous, functional garden path that fits your needs, style, and budget. See how with these tips.
Cozier spaces are seconds away!
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The old sign on the trading floor that proudly boasted we had gone 2 days without a systemic banking flare-up (as of yesterday) has been reset to “0,” sort of… While there’s not as much of an issue as something like Silicon Valley’s failure, the surge in Deutsche Bank CDS got the market’s attention overnight. We’re starting the day at very strong levels. In situations like this, we need to keep an eye out for position squaring and a shift from European to American trading sentiment around mid-day. In other words, EU markets delivered rates to very low levels and as EU considerations wane, US markets may push back. Additionally, if the market is generally long bonds on the week (i.e. betting on lower rates), then end-of-week position squaring could imply a push back toward higher yields. Of course if we can see this, then traders could speculate about the same thing. No way to know the future, but just something to keep an eye out for. Here’s a chart of Deutsche Bank CDS. Higher = more concern: December Fed Funds Futures moved back to their recent lows, with 3.5-3.75% being the target (VERY different from what the Fed foresees). That discrepancy spells one thing in the weeks ahead: VOLATILITY.
Lower mortgage rates boost US home sales in February Reuters
Incentive stock options, or ISOs, can be a lucrative employee benefit. This is particularly true at startup companies, which frequently offer stock options as a form of alternative compensation to make up for under-market salaries. However, when you exercise your stock ⦠Continue reading â
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Just in time for spring cleaning
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