See all posts tagged: "interest credit"

Mortgages below 2.5% are real - for some United Wholesale Mortgage (UWM) created headlines recently to offer 2.5% mortgage and refinancing rates. Now it has lowered the beam further with one 2.25% VA loan rate. And other lenders are following suit. At the time of...
Mortgage rates are at a record low - and it is simple to refinance your home loan. (iStock)Do you think it's time to refinance your mortgage? You are in good company.Refinancing applications in the United States rose 6.8% in the week ending August 7, almost...
Are you considering refinancing? Here are five steps you can take to begin the process of preparation for mediation. (iStock)If you are a homeowner and are wondering how to refinance your mortgage, now is the time to explore loan options. Since the interest rate is...
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GameStop shares plunge as Reddit rally deflates

GameStop shares plunge as Reddit rally deflates

GameStop shares more than halved on Tuesday as losses piled up on stocks favoured by the army of day traders that have organised on the social media site Reddit.The sharp decline triggered a trading halt in GameStop at one point, as automatic curbs kicked in to calm jittery trading. GameStop as well as others like BlackBerry and AMC Entertainment have become synonymous with the new wave of retail traders that have swept into US financial markets since the pandemic hit the country last year. Last week’s rally in GameStop shares inflicted billions of dollars of losses for hedge funds who…

Mortgage rates are new all-time low, but it may not be necessary to rush to refinance

Mortgage rates hit another record low, but there is no need to rush to refinance. Getty It was another record-breaking week for mortgage rates. According to the latest data from Freddie Mac, interest rates on 30-year loans fell again, reaching a new record level of only 3.15%. It is down from 3.25% last week and 3.99% a year ago. This is the third time this year that rates have hit record highs. The low rates have sent mortgage applications up - despite the financial uncertainty that COVID-19 has spurred. In fact, total mortgage applications rose 2.7% this week, while purchase…

The airport gets a new operator; many upgrades planned

The new fixed base operator at Indianapolis Regional Airport plans to invest in several capital improvements at the facility in Mt. Comfort. (File photo)By Susan Orr | Indianapolis Business JournalMT. COMFORT - Local airline Aero Management Group has acquired the lease to Indianapolis Regional Airport and is planning several capital improvements and the addition of charter services.Mt. Comfort is one of several general aviation airports owned by the Indianapolis Airport Authority, which also owns and operates Indianapolis International Airport.Aero, based in Greenfield, acquired the leasehold rights at the regional airport by acquiring another local company, Indy Jet.Indy Jet had the…

Insurance Commissioner Jon Godfread says the bill seeks to improve ‘people’s dollars’ in North Dakota

It is a nod to the growing support of a bill that, if passed, will make it possible to invest Legacy dollars in infrastructure projects and provide capital to state-owned enterprises. Perhaps no one is more excited than Jon Godfread, the State Insurance Commissioner and member of the State Investment Board, a longtime spokesman for investing money here at home. At present, most older investments are made out of state. In December Godfread discussed Legacy Fund investment opportunities during a meeting with the Grand Forks Heralds editorial staff. That was before the opening of the Legislative Assembly in 2021. House…

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