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You can bank on it - a raise for Dimon but no retribution
http://www.sfgate.com/business/bottomline/article/You-can-bank-on-it-a-raise-for-Dimon-but-no-5175448.php
You can bank on it - a raise for Dimon but no retribution Forgotten, it seems, is the list of JPMorgan's crimes and misdemeanors on Dimon's watch - mortgage fraud, insurance fraud, illegal billing, kickbacks, manipulating California's energy market, rigging the Libor benchmark interest rate, turning a blind

Homebuilding permits soar in Clovis after years of stagnant growth
http://www.fresnobee.com/2014/01/24/3731752/clovis-rising.html
Homebuilding permits soar in Clovis after years of stagnant growth This year is poised to do as well if home prices keep climbing, mortgage rates remain low and demand continues, they say. The city's planning department issued 854 single-family residential building permits in 2013 — more Benchmark Communities, a

M-cap of 4 Sensex firms dives Rs 19049 crore, led by Coal India
http://economictimes.indiatimes.com/markets/stocks/market-news/m-cap-of-4-sensex-firms-dives-rs-19049-crore-led-by-coal-india/articleshow/29388980.cms
M-cap of 4 Sensex firms dives Rs 19049 crore, led by Coal India Reliance, ITC, ONGC and Coal India lost market value in a week when the benchmark Sensex rose 69.94 points to 21,133.56. Rs 1,780 crore to Rs 2,15,858 crore and HDFC Bank's value rose by Rs 1,353 crore to Rs 1,61,383 crore. Bharti Airtel's market

Fed Slows Purchases While UK Growth Picks Up: Global Economy
http://www.bloomberg.com/news/2014-01-25/fed-slows-purchases-while-u-k-growth-picks-up-global-economy.html
In Mexico, monetary officials may keep the benchmark interest rate unchanged as more government spending reduces the need for stimulus. Such a decision is less clear in New Zealand, where Bernanke and a different cast of regional Fed bank

Benchmark Mortgage - Stewart Hunter - Faces of Benchmark

IamBenchmark.info Stewart Hunter, CVO and Founding Partner of Benchmark Mortgage, shares why he is so passionate about Benchmark and its branch ...

Benchmark mortgage rate dips for Thursday

30-year fixed mortgages

The average 30-year fixed-mortgage rate is 4.05 percent, a decrease of 1 basis point over the last week. A month ago, the average rate on a 30-year fixed mortgage was higher, at 4.41 percent.

At the current average rate, you’ll pay a combined $480.30 per month in principal and interest for every $100,000 you borrow. That’s $0.58 lower, compared with last week.

You can use Bankrate’s mortgage calculator to get a handle on what your monthly payments would be and see what the effects of making extra payments would be. It will also help you calculate how much interest you’ll pay over the life of the loan.

15-year fixed mortgages

The average 15-year fixed-mortgage rate is 3.51 percent, up 11 basis points from a week ago.

Monthly payments on a 15-year fixed mortgage at that rate will cost around $715 per $100,000 borrowed. Yes, that payment is much bigger than it would be on a 30-year mortgage, but it comes with some big advantages: You’ll save thousands of dollars over the life of the loan in total interest paid and build equity much more quickly.

Mortgage rates up for Friday

30-year fixed mortgages

The average 30-year fixed-mortgage rate is 4.07 percent, up 1 basis point from a week ago. A month ago, the average rate on a 30-year fixed mortgage was higher, at 4.34 percent.

At the current average rate, you’ll pay a combined $481.46 per month in principal and interest for every $100,000 you borrow. Compared to last week, that’s $0.58 higher.

You can use Bankrate’s mortgage calculator to get a handle on what your monthly payments would be and see the effect of adding extra payments. It will also help you calculate how much interest you’ll pay over the life of the loan.

15-year fixed mortgages

The average 15-year fixed-mortgage rate is 3.51 percent, up 11 basis points over the last seven days.

Monthly payments on a 15-year fixed mortgage at that rate will cost around $715 per $100,000 borrowed. Yes, that payment is much bigger than it would be on a 30-year mortgage, but it comes with some big advantages: You’ll save thousands of dollars over the life of the loan in total interest paid and build equity much more rapidly.

why is the 10 year treasury note used as a benchmark for determining mortgage rates?


Mortgages are bundled together by mortgage companies and sold on the open market as mortgage backed securities. Say $10M of 30 year loans at 7.00%. These securities are sold to investment companies (insurance companies, investors, banks, pensions).