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A home for sale in Casselberry, Florida, Aug. 14, 2024. Stephen M. Dowell | Orlando Sentinel | Tribune News Service | Getty Images Mortgage interest rates dropped again last week, hitting the lowest level in two months, but demand for mortgages didn’t respond. Total mortgage application volume fell 1.2% from the previous week, according to
“For Sale” and “Sale Pending” signs in the West Seattle neighborhood of Seattle, Washington, US, on Tuesday, June 18, 2024. The National Association of Realtors is scheduled to release existing homes sales figures on June 21. David Ryder | Bloomberg | Getty Images High mortgage rates and elevated home prices combined to crush home sales
Field of wheat in central Kansas is nearly ready for harvest. Ricardo Reitmeyer | Getty Images With a population of about 2,100, Neodesha, Kansas, is roughly 100 miles from Wichita and Topeka in Kansas and Tulsa, Oklahoma. Its claim to fame is the 65-foot-tall tower that supported the drilling framework for the first commercial oil
<img src=”https://public.flourish.studio/visualisation/21851341/thumbnail” width=”100%” alt=”chart visualization” /> Municipal bond issuance in the Far West region in 2024 reflected a national boom, rising 30.8% year-over-year to $98.96 billion, according to LSEG data, spurred by infrastructure spending and fear over potential changes post-election. “There was a theme for the majority of the year of people pushing out debt
ASA President and CEO Chris Iacovella Calling it a “unicorn regulatory body,” the American Securities Association challenged the constitutionality of the Municipal Securities Rulemaking Board in a brief filed Thursday that asks a federal appeals court to scrap an order that shortened the timeframe for reporting trades to the MSRB. The MSRB “is a quasi-public,
&lt;img src=”https://public.flourish.studio/visualisation/21869078/thumbnail” width=”100%” alt=”chart visualization” /&gt; Issuance in February remained strong despite only ticking up slightly year-over-year. February’s volume was at $33.725 billion in 622 issues, up only 1.6% from $33.191 billion in 614 issues in 2024, according to LSEG data. While issuance in February is essentially flat, supply remains strong in 2025, said David
Bond trustee UMB Trust has hired Lighthouse Management Group to serve as a receiver for a defaulted mining project.AdobeStock A Florida mining project that defaulted on its municipal bonds was put into receivership. The United States District Court for the Middle District of Florida appointed Lighthouse Management Group, Inc., to be the receiver for the
“It is totally counter-intuitive that a Republican district would be thinking about eliminating a tool that finances the very infrastructure and economic development and affordable housing in their district,” said Toby Rittner, president and CEO of the Council of Development Finance Agencies. ”But this is a math game. The president wants certain things, and they have
&lt;img src=”https://public.flourish.studio/visualisation/21870451/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals were quiet Friday ahead of an $11 billion new-issue calendar as U.S. Treasury yields fell and equities ended up. The bond market’s attention has shifted from inflation and tariffs to economic growth issues, said BofA Global Research’s Yingchen Li and Ian Rogow. “Weak January retail sales and a
Thirty years ago, investment management was largely a boutique business where fund managers graciously agreed to pass on their wisdom to clients in return for a hefty annual fee. These were great days for star managers. I interviewed Jeff Vinik back in 1995, then running the world’s largest mutual fund, Fidelity Magellan. He let slip
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has signalled he will throw his support behind the Chagos Islands deal negotiated between the UK and Mauritius, in a significant win for Sir Keir Starmer. Trump’s comments came as he
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has specialised in heaping scorn on America’s traditional allies since arriving in the White House, but on Thursday he adopted a strikingly new approach: lavishing praise on a “fantastic” Britain and
Donald Trump said he is working on a trade deal with the UK and suggested that Britain could escape tariffs if the countries secure one, but the allies failed to agree on US security guarantees for Ukraine. During a warm joint press conference at the White House on Thursday, the US president said his UK
Traders work on the New York Stock Exchange floor on Feb. 20, 2025. Spencer Platt | Getty Images An expensive stock market did not prevent traders from getting more bullish as investors increasingly bet that the bull run could keep chugging along, according to Charles Schwab’s new quarterly client survey. The bulls continue to outnumber
Oscar Wong | Moment | Getty Images Renters looking for a better deal may need to rethink the kind of properties they’re focused on in their search. As of January, median single-family home rent prices are up about 41% since before the pandemic, according to a recent report by Zillow. Meanwhile, multi-family rents are up
PREPA bondholders opposed to the Oversight Board’s offer say the reasons the court had given to continue the stay are no longer valid. Puerto Rico Electric Power Authority bondholders opposed to the Oversight Board’s proposed restructuring filed a motion to lift the bankruptcy’s litigation stay, which could lead to their appointing a receiver for PREPA.
<img src=”https://public.flourish.studio/visualisation/21816220/thumbnail” width=”100%” alt=”chart visualization” /> Muni yields fell Tuesday, underperforming a U.S. Treasury rally. Equities ended mixed. Muni yields fell three to eight basis points, while UST yields fell eight to 11 basis points. The two-year municipal to UST ratio Tuesday was at 63%, the five-year at 64%, the 10-year at 67% and the
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogen | CNBC The mystery over Warren Buffett’s surprisingly defensive stance deepened over the weekend. The 94-year-old CEO of Berkshire Hathaway sold more stocks in the latest quarter and grew
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