After falling for two weeks, mortgage interest rates turned ever so slightly higher last week, and that apparently turned potential borrowers back on their heels. Mortgage application volume decreased 3 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 16.5 percent lower than a year earlier.
Month: February 2019
CHICAGO — Loop Capital Markets LLC has hired former Wells Fargo Securities public finance chief Stratford Shields, a move the firm believes will bolster its client base and financing expertise, said Loop chief executive officer James Reynolds. Shields started at the Chicago-based public finance, corporate investment banking, brokerage, and advisory firm on Thursday as a
Many market commentators will try to explain why the stock market kicked off 2019 with the best January in decades, but CNBC’s Jim Cramer stressed on Friday that the move wasn’t tied to historical patterns or the calendar. “You know why stocks had such a good start this year? For the same reason they had
Bitcoin has officially entered the longest stretch of declining prices in its 10-year history. The world’s oldest and most valuable cryptocurrency achieved an all-time high of $19,764 on Dec. 17, 2017 on the CoinDesk Bitcoin Price Index and has printed a series of lower price highs ever since, making February 2 (as per UTC time), the
After January’s strong jobs report calmed some recession fears, investors will be picking through the next wave of earnings reports and economic data for clues on just how much the U.S. economy could be slowing. Dozens of earnings, from companies like Alphabet, Disney and Eli Lily, report in the week ahead, and there are just
Ethereum 2.0 is closely approaching. The blockchain project has just launched its first pre-release for phase zero of the network’s transition to the new and improved Ethereum (ETH). Yesterday, Ethereum published a new post on its Github releasing the details of the pre-release. Ethereum 2.0 The new post explains: “[This] marks the first release in
The Star — originally the Texas Company (Texaco) regional headquarters and now a luxury residential tower — earned ULI-Houston’s Development of Distinction Award in the for-profit category (large scale, more than 100,000 square feet). Photo courtesy of Urban Land Institute-Houston and The Star Urban Land Institute-Houston announced its 2019 Development of Distinction award winners. And while
House hunters signed 2.2 percent fewer contracts to buy existing homes in December, according to the National Association of Realtors. These so-called pending sales are a future indicator of closings in one to two months. The Realtors’ pending home sales index was also down a dramatic 9.8 percent compared with December 2017. This marks 12
View Bitcoin registered losses for a record sixth straight month in January, reinforcing the bearish view put forward by the moving average studies on the monthly chart. As a result, a re-test of December lows near $3,100 could be on the cards. The odds of a sustained rise to $4,000 would improve if the 200-week
The New York Metropolitan Transportation Authority sold over $1 billion of securities in four competitive sales on Thursday. Municipals were stronger a day after the Federal Reserve left interest rates unchanged. “Munis are broadly rallying today with yields down from three basis points to five basis points across the curve,” ICE Data Services said. “The
Forget FANG — so far in 2019, the cloud kings are the technology sector’s real winners, CNBC’s Jim Cramer said Thursday after a strong, growth-filled earnings report from enterprise-facing cloud company ServiceNow. “These days, if you want performance, the cloud kings and their smaller heirs apparent, the cloud princes, are where it’s at,” Cramer said
Canadian crypto exchange QuadrigaCX is filing for protection from creditors, a step taken to avoid bankruptcy. In a statement posted to its website nearly a week after the portal became inaccessible, the exchange announced that it had filed “an application for creditor protection in accordance with the Companies’ Creditors Arrangement Act,” as part of a
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