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Archive for October, 2015

Money: How Rare Is Donald Trump?

Money: How Rare Is Donald Trump?

With the 2016 presidential race firming up there is no more interesting candidate then TV star and billionaire Donald Trump, for the moment an individual to be considered in terms of the oddity of his circumstances. There’s no doubt that in America we think long and hard about great wealth. Each week millions of us […]

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Mortgage Rates: Back In The Dumper Again

Mortgage Rates: Back In The Dumper Again

For all the talk about the Federal Reserve and raising interest rates the fact is that mortgage rates have been headed downward for some time. As of October 8th the cost of a 30-year, fixed-rate mortgage was 3.76 percent according to Freddie Mac, down significantly from the 4.19 percent we saw a year ago. That […]

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Why Real Estate Drones Face Big Limits

Why Real Estate Drones Face Big Limits

The government this week announced that it would seek $1.9 million from a company that flew drones in New York City and Chicago. Given the size of the proposed fine you might think that thousands of flights were involved but that’s not the case, instead the Federal Aviation Administration says it’s going after SkyPan International, […]

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Why Credit Unions Show Huge Mortgage Growth

Why Credit Unions Show Huge Mortgage Growth

It’s a great time to be a credit union. The latest figures from the CUNA Mutual Group, an industry trade association, show that loan balances at the nation’s 6,000+ credit unions have grown by 10.4 percent during the past year. Most remarkably, the association reports that credit union first-mortgage originations “are on pace to reach […]

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Mortgages: Why The 1 Percent Sometimes Get A Loan

Mortgages: Why The 1 Percent Sometimes Get A Loan

According to the National Association of Realtors the typical existing home sold for $228,700 in August, a curious figure given that a large percentage of all mortgages are substantially larger. Even if we consider new homes, which now have a typical sale price of $292,700, lots of Americans are still in the market for very […]

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