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Twitter plans $1B stock market launch under TWTR symbol
WASHINGTON, March 13 (UPI) -- U.S. mortgage activity declined last week, as long-term interest rates rose, the Mortgage Bankers Association said Wednesday.
The association said mortgage activity declined 4.7 percent from the previous week while refinancing activity dropped 5 percent in the week ending Friday.
Interest rates for 30-year, fixed-rate conforming mortgages increased from 3.7 percent to 3.81 percent during the week. Points for 30-year conforming loans were unchanged at 0.39.
The average interest rate for 30-year contracts on jumbo loans -- larger than $417,500 -- rose from 3.8 percent to 3.9 percent. Points for 30-year jumbo loans rose from 0.37 to 0.46.
Interest rates for 15-year, fixed-rate mortgages rose from 2.96 percent to 3.01 percent, with points falling from 0.37 to 0.33.
The average rate for 30-year loans backed by the Federal Housing Administration rose from 3.47 percent to 3.53 percent, with points rising from 0.33 to 0.38. The average rate for short-term, adjustable-rate mortgages increased in the week from 2.55 percent to 2.62 percent in the week, with points falling from 0.37 to 0.33, the MBA said.
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VICTORIA, British Columbia, Oct. 4 (UPI) --
The government of British Columbia said it will launch a study to determine emissions in Kitimat, the hub of the province's proposed liquefied natural sector.
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BRASILIA, Brazil, Oct. 5 (UPI) --
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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