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Banking due for a soft landing after a hard year - Business Day South AfricaBANKS are in for another bumpy ride this year, as bad debts brought on by high interest rates over the past couple of years and a difficult trading environment erode their profits. However, as interest rates and inflation ease, the tide should turn ...
Mortgage rate relief might not last long - ReutersNEW YORK (Reuters) - Massive efforts by the Federal Reserve to bring down mortgage rates have so far been a success, but homeowners had better act fast because analysts say record low rates could be gone as soon as this summer. Thirty-year mortgage ...
County unemployment up in November - Daily Local NewsChester County’s unemployment situation worsened in November, as the jobless rate jumped to 4.8 percent from October’s 4.4 percent. According the the state’s Department of Labor and Industry, 12,700 people were unemployed in the county in ...
American Home Bank purchase completed - TradingMarkets.comThe transaction between First Chester County Corp. and Mountville-based American Home was announced in September as an $18.2 million deal. American Home's consumer and commercial banking services were merged into First National's banking operations ...
First National completes merger - Daily Local NewsNo comments posted. A stock trader gestures at the trade floor at the Duesseldorf stock exchange, western Germany, Thursday April 27,2000. The european currency Euro hits a new all-time low since its launch last year. The head of the European Central ...
Phoenixville Homes helping those who need a chance - Phoenixville NewsPHOENIXVILLE — After some renovations and updating, Phoenixville Homes has a one-floor, two-bedroom house at 412 South Street available to purchase for first-time home buyers. According to Steve Kambic, executive director, Phoenixville Homes is ...
Construction spending fell less than expected - Worcester Telegram & GazetteWASHINGTON — Spending on U.S. construction projects fell less than half as much as forecast in November, reflecting gains in commercial and government building that partially cushioned the slump in residential real estate, according to figures ...
U.S. Construction Spending Fell Less Than Forecast (Update1) - BloombergJan. 5 (Bloomberg) -- Spending on U.S. construction projects fell less than half as much as forecast in November, reflecting gains in commercial and government building that partially cushioned the slump in residential real estate. The 0.6 percent ...
Merrill’s Brokerage Head Departs After Bank of America Purchase - BloombergJan. 6 (Bloomberg) -- Merrill Lynch & Co. brokerage head Bob McCann announced plans to leave the company less than a week after Bank of America Corp. completed its acquisition of the securities firm. McCann, 50, a 26-year Merrill veteran based in New ...
Streeteasy study finds home sales in Manhattan drop 34% - New York Daily NewsReal estate broker Adam Modlin stands inside his recent sale, 8 East 62nd st. The number of closings for Manhattan homes dropped 34% from last quarter, according to a new study by Streeteasy. This is the sharpest decline since 2005, when Streeteasy ...
Today's Mortgage Terms starting with V
VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.
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