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U.S. pending home sales increased by 1.3% compared to the previous week, reaching their highest point since early May during the four-week period ending on July 5. This information is derived from a recent report by Redfin, a real estate brokerage affiliated with Rocket. The data has been seasonally adjusted. The rise in homebuying demand…
Agency mortgage locks slip as non-QM gains ground in June
Rate locks on mortgage loans eligible for sale to Fannie Mae and Freddie Mac accounted for less than half of total lock activity for the third straight month in June, according to updated market data published Thursday by Optimal Blue. In contrast, nonconforming rate-lock share continued to climb, rising to 19.3% of activity in June…
Returning Canadians, US buyers set their sights on Toronto’s housing market
Why more Americans and expat Canadians are considering Toronto Much is made of the brain drain from Canada to the US, but while the flow going the other way is less noteworthy, Donaldson still sees it as a positive trend for the Toronto market. “People only talk about all the people exiting Toronto to go…
Spotware’s cBridge Partners Tapaas to Add Risk Analytics to Broker Trade Flow
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Coast FIRE Is the Internet’s New Favorite Retirement Strategy. Should You Jump on Board?
Coast FIRE (also known as Coast FI) has been making the rounds on social media. But what exactly is this trending investing strategy, and is it realistic? What is Coast FIRE? Coast FIRE is an investment strategy where people aggressively invest for retirement until their portfolio reaches a target value, often called their “Coast FIRE…
Baker Hughes total rig count +1 at 580
The Baker Hughes Rig count for the current week showed: Total U.S. rigs: 580 up +1 Oil rigs: 445 Unchanged Gas rigs: 126 up +1 The price of crude oil is currently trading at $71.20 down $0.88 or -1.21% on the day. The low price for the day reach $70.77. The high price was at…
