What is an emergency fund? An emergency fund is a bank account with money set aside to cover large, unexpected expenses, such as a major auto repair, or a financial crisis, such as job loss or large medical bills. Why do I need an emergency fund? The financial buffer an emergency fund provides can keep...
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Mortgage Rate News: September 14, 2017
9/14/2017
Mortgage Rates Hold at 2017 LowFreddie Mac reports, following a sharp decline last week, the 10-year Treasury yield rose 11 basis points this week. The 30-year mortgage rate, however, remained unchanged at 3.78 percent. If Treasury yields continue to rise, mortgage rates could see an increase in next week's survey. See how Clara's 30-year Fixed rate compares to the average:
Source: Freddie Mac Why holding steady?It's been two days in a row without any noticeable movements in the market. As both European Central Bank and Bank of England engage in discussions of tightening their monetary policies, investors are anxious to learn about the Federal Reserve's next steps. We will find out next Wednesday at 11 am Pacific Time. In the mean time, stocks are mixed this morning after inflation measure ticked up for the past month. This has more to do with the aftermath left behind by Hurricane Harvey, which caused higher energy prices. Our pricing is pointing to a 30-year fixed par rate at the cusp between 3.625 and 3.75. We should expect this to continue in the next few days until big news comes out of Washington DC, either from the White House or the Federal Reserve. The post Mortgage Rate News: September 14, 2017 appeared first on Clara Lending. To meet its carbon neutral goal by 2050, the French government plans to phase out all oil and gas production in the country and its overseas territories by 2040. Later today, President Emmanuel Macron will introduce the proposed legislation to the French Cabinet with the hope of passing the measure by the end of 2017. If the bill passes, France would be the first country in the world to ban all fossil fuel production.
As a result of the bill's passing, the government would no longer... |
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