Friday , 24 May 2019

Business

#Miami Tops U.S. #Foreclosures as Banks Selling in Boom

Miami’s foreclosure rate ranked at the top of major U.S. metropolitan areas last month as auctions more than tripled, signaling lenders are preparing to sell a backlog of distressed properties amid rising home prices. One in 236 housing units in the area that includes Miami, Fort Lauderdale and Pompano Beachreceived a foreclosure filing in June, more than four times the national average, RealtyTrac Inc. …

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Wall Street climbs on stimulus timing, S&P 500 eyes record

(Reuters) – U.S. stocks rallied on Thursday, boosting the S&P 500 above its record closing high, a day after Federal Reserve Chairman Ben Bernanke reasserted that monetary policy will remain accommodative for some time. Bernanke said after the market close on Wednesday the U.S. unemployment rate of 7.6 percent overstated the health of the job market. A highly accommodative policy …

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How Your #Mortgage Rate is Determined

Mortgage rates have been on the rise over the last few weeks as the Federal Reserve talks about tapering its quantitative easing program, but there are many factors that go into determining a homeowner’s rate. The borrower’s credit score has a direct impact, along with a buyer’s income, down payment size and any outstanding debt. “There are several things that …

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