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FILE - This July 10, 2014 file photo shows a home for sale in Quincy, Mass. Freddie Mac reports on average U.S. mortgage rates for the week on Thursday, Oct. 16, 2014. (AP Photo/Michael Dwyer, File)WASHINGTON (AP) — Average U.S. mortgage rates tumbled this week. The 30-year loan hit its lowest level since June 2013 as Treasury bond yields marked new lows amid concern over global economic weakness.


WASHINGTON (AP) — Average U.S. mortgage rates fell for the third straight week, making it more affordable to borrow to buy a home.

Homes are seen under construction in the southwest area of PortlandNEW YORK (Reuters) - Applications for U.S. home mortgages rose last week as both purchase and refinancing applications jumped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 7.9 percent in the week ended Sept. 12. The MBA's seasonally adjusted index of refinancing applications climbed 10.3 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 4.8 percent. Fixed 30-year mortgage rates averaged ...


In this photo made on Wednesday, Sept. 10, 2014, signs welcome visitors to a model home as construction is under way at a housing development in Zelienople, Pa. Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year. (AP Photo/Keith Srakocic)WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year.


A band of fog envelops downtown DenverThe Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 7.2 percent in the week ended Sept. 5. Fixed 30-year mortgage rates averaged 4.27 percent in the week, up from 4.25 percent the week before.


A condominium construction site is seen in TorontoBy Andrea Hopkins TORONTO (Reuters) - Canadian housing starts cooled more than expected in August, while the previous month was also revised slightly lower, data showed on Tuesday, setting the stage for what is widely expected to be a slowing housing market as 2014 draws to a close. A report from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts slipped to 192,368 last month from a downwardly revised 199,813 units in July. "The persistence of unsustainably lean mortgage rates has likely bolstered housing demand in recent months, and even with the dip in August, starts remain elevated relative to the rate of household formation," Laura Cooper, an economist at Royal Bank of Canada, said in a research note. Canada's housing market has defied expectations for a slowdown or crash but most economists expect homebuilding and sales to slow when mortgage rates rise.


FILE - This July 10, 2014 file photo shows a home for sale in Quincy, Mass. On Thursday, Aug. 21, 2014, Freddie Mac is scheduled to report on average U.S. mortgage rates for the week. (AP Photo/Michael Dwyer, File)WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low.


Home for sale sign hangs in front of a house in Oakton, on the day the National Association of Realtors issues its Pending Home Sales for February report, in VirginiaThe National Association of Realtors said existing home sales increased 2.4 percent to an annual rate of 5.15 million units. Home resales have now increased for four straight months after the housing market recovery stalled in the second half of 2013 following a run-up in mortgage rates. In a separate report, the Labor Department said initial claims for state unemployment benefits fell 14,000 to a seasonally adjusted 298,000 for the week ended Aug. 16.


Homes are seen for sale in the southwest area of PortlandNEW YORK (Reuters) - Applications for U.S. home mortgages rose last week as demand for refinancing increased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 1.4 percent in the week ended August 15. The MBA's seasonally adjusted index of refinancing applications rose 2.7 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, fell 0.4 percent. Fixed 30-year mortgage rates averaged 4. ...


FILE - This Monday, July 14, 2014 file photo shows a home for sale in Alameda, Calif. Freddie Mac reports on average U.S. mortgage rates for this week on Thursday, Aug. 14, 2014. (AP Photo/Ben Margot, File)WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, approaching their lows for the year.


Homes are seen for sale in the southwest area of PortlandNEW YORK - Applications for U.S. home mortgages fell last week as both purchase and refinancing applications declined, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.7 percent in the week ended Aug. 8. The MBA's seasonally adjusted index of refinancing applications fell 4.0 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, fell 1.0 percent. Fixed 30-year mortgage rates averaged 4. ...


A man works on a new construction home in Kitimat, in northwestern British ColumbiaBy Andrea Hopkins TORONTO (Reuters) - Canadian housing starts bucked forecasts and rose in July, data on Monday showed, but analysts said the recent resumption of the housing market's upward drive is likely to falter if mortgage rates rise as expected heading into 2015. Canada Mortgage and Housing Corp said the seasonally adjusted annualized rate of housing starts rose to 200,098 last month from a upwardly revised 198,665 units in June. "Overall, housing looks to be on a slightly upward trend again, one that could see it revert to a modest growth contributor for a while, after posting negative contributions to GDP growth of late," Avery Shenfeld, chief economist at CIBC World Markets, said in a research note. "We view the recent acceleration in starts from their local low of 157,000 in March as consistent with both a return to seasonal temperatures following an inclement winter and spring and a renewed push lower in mortgage rates," David Tulk, chief Canada macro strategist at TD Securities, said in a note.


FILE - This May 14, 2014 file photo shows a new home for sale in the Winthrop subdivision in Riverview, Fla. Freddie Mac reports on average U.S. mortgage rates for this week on Thursday, Aug. 7, 2014. (AP Photo/Chris O'Meara, File)WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year.


In this July 10, 2014 photo, a sold sign is posted outside a home in Quincy, Mass. Freddie Mac reports on average U.S. mortgage rates for this week on Thursday, July 31, 2014. (AP Photo/Michael Dwyer)WASHINGTON (AP) — Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year.


A "Price Reduced" sign is displayed on a home for sale in northern Virginia suburb of ViennaNEW YORK (Reuters) - Applications for U.S. home mortgages slipped last week as refinancing applications dropped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.2 percent in the week ended July 25. The MBA's seasonally adjusted index of refinancing applications fell 4.0 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 0.2 percent. Fixed 30-year mortgage rates averaged 4. ...


WASHINGTON (AP) — In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year. In fact, Zillow's index measures how much of a typical renter's income goes toward rent; the index is 19 percent above its historical average.

This Monday, July 14, 2014, photo shows a home for sale in Alameda, Calif. Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year. (AP Photo/Ben Margot)WASHINGTON (AP) — Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year.


A home for sale is seen in VirginiaBy Lucia Mutikani WASHINGTON (Reuters) - U.S. home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year. The third straight month of home sales gains, reported by the National Association of Realtors on Tuesday, added to employment and retail sales data that have indicated economic growth ended the second quarter on a firmer note. The housing market stumbled in the second half of last year, raising concerns it could undermine the economy's recovery. With the labor market tightening, mortgage rates easing and the pace of house price increases moderating as supply improves, the foundation is being laid for further gains in home sales.


This July 10, 2014 photo shows a home for sale in Quincy, Mass. Freddie Mac reports on average U.S. mortgage rates for this week on Thursday, July 17, 2014. (AP Photo/Michael Dwyer)WASHINGTON (AP) — Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows.


The financial literacy gap that is impacting college students and graduates is hurting the economy. It's time to teach personal finance and investing in schools to offset what kids learn at home.

In this July 2, 2014 photo, Ryan Carson, right, cooks dinner with his wife, Jenny Roraback-Carson, left, and their daughter Clara, 3, at their home in Seattle. The Carsons are one of many would-be home sellers across the country who have mortgage rates so low, it doesn't make financial sense to sell their homes, even if they need more space, a trend which limits the supply of homes and can contribute to slower home sales. (AP Photo/Ted S. Warren)WASHINGTON (AP) — Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.


This Monday, May 19, 2014 photo shows a duplex home for sale in the Coconut Grove neighborhood in Miami. Freddie Mac releases weekly mortgage rates on Thursday, July 3, 2014. (AP Photo/Lynne Sladky)WASHINGTON (AP) — Average U.S. mortgage rates are near historically low levels.


Sold homes are seen in the southwest area of PortlandNEW YORK (Reuters) - Applications for U.S. home mortgages fell last week as both purchase and refinancing applications dipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 1.0 percent in the week ended June 20. The MBA's seasonally adjusted index of refinancing applications fell 0.9 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, fell 1.2 percent. Fixed 30-year mortgage rates averaged 4. ...


Sold homes are seen in the southwest area of PortlandNEW YORK (Reuters) - Applications for U.S. home mortgages fell sharply last week as interest rates increased, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 9.2 percent in the week ended June 13. The MBA's seasonally adjusted index of refinancing applications dropped 12.7 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, fell 4.7 percent. Fixed 30-year mortgage rates averaged 4. ...


While it's great to learn about personal finance, entrepreneurship and frugality from the written word, many of us learn better by watching and listening. As with many other genres, YouTube has filled that niche. Here are 10 great YouTube channels that focus on saving money, making money and investing money, while also being entertaining. Pretty Frugal Living, hosted by the effervescent Amrita Singh, features a ton of videos on frugal living that are cleverly divided into sensible categories, such as food tips and home decoration ideas.

A home is put up for sale in downtown MontrealBy Euan Rocha TORONTO (Reuters) - Sales of existing homes in Canada jumped in May from April driven by a sharp increase in listings and a deferred start to the spring buying season after a long winter, the Canadian Real Estate Association (CREA) said on Monday. The industry group for Canadian real estate agents said sales were up 5.9 percent last month from April, the largest month-over-month increase in nearly four years. Canada's housing market has risen strongly, if unsteadily, in the past five years, and economists had been waiting for the spring data to gauge whether it is cooling or heating up again. "With mortgage rates at rock-bottom levels and the trend in supply (new listings) mirroring sales, we expect the Canadian housing market to remain resilient as we head into the summer months," he wrote.


Homes are seen for sale in the northwest area of PortlandBy Elvina Nawaguna WASHINGTON (Reuters) - U.S. house price rises will likely slow further over the next two years, curbed by tight lending standards, slow wage growth and a lack of first time buyers, a Reuters poll found. The analysts polled did not expect any major pickup in housing market activity, with annual rises in house prices gradually coming down through to 2016. We don't want to go back to stupid money," Mark Goldman, a real estate expert at San Diego State University in California said, referring to the eve of the Great Recession when subprime lending was rampant and home prices sky-rocketed. The housing market lost some momentum toward the end of 2013 and through the first few months of this year, held back by rising mortgage rates and unusually cold weather that caused the economy to contract at an annual rate of 1 percent in the first quarter.


A sale sign advertises a home in Alexandria, VirginiaContracts to buy previously owned U.S. homes rose modestly in April, a sign of stabilization in the housing market, which had been pummeled by higher interest rates and a harsh winter. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed last month, increased 0.4 percent to 97.8. Sales stumbled last summer after the U.S. Federal Reserve signaled it would soon reduce economic stimulus efforts, pushing mortgage rates sharply higher.


Intuit Inc INTU.O, developer of tax-preparation software TurboTax, said it had entered into a definitive agreement to buy bill-payment service Check Inc for $360 million in cash and other considerations. The acquisition will help accelerate Intuit's ability to offer bill payments across small business and personal finance products and create opportunities to retain, attract and serve additional customers, Intuit said in a statement on Tuesday. Once the transaction closes, Check will join Intuit's Consumer Ecosystem Group and its Israeli site will become an Intuit location. Guy Goldstein, Check's co-founder and CEO, will serve as vice president, Intuit said.

A man grabs his briefcase as he waits in line to speak with employers at the UJA-Federation Connect to Care job fair in New YorkBy Lucia Mutikani WASHINGTON (Reuters) - U.S. home resales rose in April and the supply of properties on the market hit its highest level in nearly two years, hopeful signs for the stalled housing market recovery. The National Association of Realtors said on Thursday existing home sales increased 1.3 percent to an annual rate of 4.65 million units, marking only the second gain in sales in nine months. While that was a bit less than the 4.68-million unit pace economists had expected, it suggested the sector was regaining its footing after stumbling in the second half of 2013 under the weight of higher mortgage rates and house prices.


Home "SOLD" sign hangs in front of a house in Vienna, on the day the National Association of Realtors issues its Pending Home Sales for February report, in VirginiaU.S. home resales rose in April and the supply of properties on the market increased, suggesting the housing market was regaining its footing. The National Association of Realtors said on Thursday existing home sales increased 1.3 percent to an annual rate of 4.65 million units, marking the second increase in sales in nine months. While that was a bit less than the 4.68-million unit pace that economists had expected, it was a hopeful sign for a sector that stumbled in the second half of 2013, under the weight of higher mortgage rates and house prices.


Lockheed Martin Corp on Friday said it was disappointed that just over 100 union-represented workers at a Mississippi space center had decided to go on strike after rejecting the company's contract offer. Members of the International Association of Machinists and Aerospace Workers (IAM) began picketing outside NASA's Stennis Space Center on Friday after rejecting Lockheed's offer, which seeks to replace worker pensions with 401K retirement accounts. "We are disappointed that the IAM members did not ratify the contract and voted to strike," said Lockheed spokeswoman Tabatha Thompson, adding that the company believed the offer was "fair and equitable" and offered workers "competitive pay and comprehensive benefits." Thompson said it was the company's "last, best and final offer." J.C. Felder, president of the Stennis IAM chapter, told the local Fox News station the union was trying to preserve the pensions that workers have now. Over the past years, Lockheed has consistently sought to move away from defined benefit pensions in its contracts with union workers to defined contribution plans.

A home for sale is seen in TorontoCanadian resale home prices rose in April, but the start of the hotly anticipated spring selling season appeared milder than usual, the Teranet-National Bank Composite House Price Index showed on Wednesday. The index, which measures price changes for repeat sales of single-family homes, showed home prices were up 0.5 percent from March, when month-on-month prices were flat. Canada's housing market has risen strongly if unsteadily in the past five years, and economists have been waiting for the spring data to gauge whether it is cooling or heating up again. Home prices have marched mostly higher since 2009, straining affordability, but mortgage rates have remained low, and have fallen in recent days, which could extend the market's strength.


In this April 16, 2014 photo, the Jaswal family, Imran, standing, his wife Aniqa, left, and daughters, Arissa, right, and Jayda, pose for photos in the family room at their home in La Jolla, Calif. The couple bought the four-bedroom house about 10 minutes from the beach in Febrauary. Once Imran’s management consulting business began flourishing, the couple felt comfortable enough after years of renting to buy their first home. (AP Photo/Lenny Ignelzi)WASHINGTON (AP) — For three decades, the U.S. middle class enjoyed a rare financial advantage over the wealthy: lower mortgage rates.


An existing home for sale is seen in Silver Spring MarylandBy Lucia Mutikani WASHINGTON (Reuters) - U.S. home resales fell to their lowest level in more than 1-1/2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an end. The National Association of Realtors said on Tuesday existing home sales slipped 0.2 percent to an annual rate of 4.59 million units. "The negative housing momentum, which was exacerbated by severe weather conditions during the winter months, may be starting to fade," said Gennadiy Goldberg, an economist at TD Securities in New York. While the terrible weather has accounted for some of the slump, a rise in mortgage rates and home prices, and a dearth of properties on the market, also sidelined potential buyers.


A "Sold" sign hangs in front of a house in Toronto, OntarioBy Andrea Hopkins TORONTO (Reuters) - Sales of existing homes in Canada jumped in March from February and prices continued to tick higher as the winter deep freeze ended and home buyers started to come back into the market, the Canadian Real Estate Association said on Tuesday. The industry group for Canadian real estate agents said sales activity was up 1.0 percent last month from February, and February's gain was revised up to a 0.6-percent rise, from 0.3 percent reported previously. "The release of pent-up demand from the winter months and a renewed downdraft in mortgage rates will help boost sales further in the coming months," David Tulk, chief Canada macro strategist at TD Securities, said in a research note. CREA's home price index rose 5.2 percent from March 2013, a slight acceleration from February's 5.1 percent gain.


French BNP Paribas bank logo is seen at their presentation of their 2010 annual results in ParisBy Helen Nyambura-Mwaura and Tiisetso Motsoeneng (Reuters) - BNP Paribas, France's largest bank, has offered to buy South African unsecured lender RCS Group for 2.65 billion rand ($253 million) from clothing retailer Foschini Group and Standard Bank, they said on Thursday. RCS, which offers store credit cards and personal loans and insurance, is owned 55 percent by Foschini and the remainder by Standard Bank, Africa's largest lender. The business would be run by BNP Paribas's Paris-based Personal Finance unit, which said the transaction would be in line with its international growth strategy.


Homes are seen for sale in the northwest area of PortlandNEW YORK (Reuters) - Applications for U.S. home mortgages fell last week as refinancing slipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 1.6 percent in the week ended April 4. The MBA's seasonally adjusted index of refinancing applications fell 4.9 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 2.7 percent. Fixed 30-year mortgage rates averaged 4. ...


A "Price Reduced" sign is displayed on a home for sale in northern Virginia suburb of ViennaNEW YORK (Reuters) - Applications for U.S. home mortgages fell last week on lower refinancing demand, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, declined 1.2 percent in the week ended March 28. The MBA's seasonally adjusted index of refinancing applications fell 2.9 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 0.9 percent. Fixed 30-year mortgage rates averaged 4. ...


This Friday, March 21, 2014 photo shows a home for sale in Shaker Heights, Ohio. Standard & Poor's releases S&P/Case-Shiller index of home prices for January, on Tuesday, March 25, 2014. (AP Photo/Tony Dejak)WASHINGTON (AP) — U.S. home prices dipped in January for a third straight month, likely because of slower sales in recent months caused by cold weather, a limited supply of homes and higher mortgage rates.


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