Mortgage rates are near record lows, but home buyers may face an uphill battle in securing them
The 30-year fixed-rate mortgage remained flat at an average of 3.33% during the week ending April 9, Freddie Mac reported Thursday. “The type of loan you’re getting is going to lead to different rates,” Danielle Hale, chief economist for Realtor.com, told MarketWatch.
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TSA collects nearly $1M forgotten by passengers
The Transportation Security Administration collected nearly $1 million in unclaimed money passengers left behind after going through security checkpoints. “ It is always TSA’s goal to reunite travelers with items they have left behind at checkpoints.
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Trump approves of Oracle’s effort to buy TikTok
President Donald Trump voiced support on Tuesday for Oracle Corp. to buy the U.S. operations of TikTok, adding a fresh wrinkle to the bidding for the Chinese-owned video-sharing app. Oracle, a giant in business software, has had preliminary discussions about teaming with some of ByteDance’s existing minority investors to buy TikTok’s U.S. operations but it isn’t clear how advanced the talks are, said people familiar with the matter.
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Asian markets rise, though Nikkei sinks after Japan’s record contraction
Japanese stocks sank while other Asian markets gained Monday after Japan reported a record economic contraction as the coronavirus pandemic weighed on retailing, investment and exports. The Nikkei 225 in Tokyo NIK, -0.82% fell 0.8% after the data showed the world’s third-largest economy shrank 27.8% from a year earlier in the three months ending in June.
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Coronavirus pandemic has created fragility in the U.S. financial sector
“The strains on households and business balance sheets from the economic and financial shocks since March will likely create fragilities that last for some time,” the Federal Reserve said in its latest semi-annual report on the financial sector. “Forceful early interventions have been effective in resolving liquidity stresses but we will be monitoring closely for solvency stresses among highly leveraged business borrowers" the central bank added
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