By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year. The third straight month of home sales gains, reported by the National …
Russia Launches New Intermediate-Range Missile at Ukraine
President Vladimir Putin said the attack was in response to Ukraine’s recent use of American and British weapons to strike deeper into Russia. Source link
ICC issues arrest warrants for Netanyahu, Gallant and Hamas commander
Judges at the International Criminal Court (ICC) have issued arrest warrants for Israel’s prime minister and former defence minister, as well as Hamas's military commander.A statement said a pre-trial chamber had rejected Israel’s challenges to the court’s jurisdiction and issued warrants for Benjamin Netanyahu and Yoav Gallant.A warrant was also issued for Mohammed Deif, although the Israeli military has said he was killed in an air strike in Gaza in July.The judges said there were “reasonable grounds” the three men bore "criminal responsibility" for alleged war crimes and crimes against humanity during the war between Israel and Hamas. Both Israel…
She Moved to New Delhi for a Fresh Start, but the Air Made Her Sick
new video loaded: She Moved to New Delhi for a Fresh Start, but the Air Made Her SicktranscriptBacktranscriptShe Moved to New Delhi for a Fresh Start, but the Air Made Her SickSince moving to New Delhi, which had the world’s worst air quality on Monday, Ameesha Munjal hasn’t been able to exercise or see friends. She has been on several medications to battle sickness caused by the pollution.The pollution was so bad that I went to the doctor, and he just said that, ‘you should move out of the city. You won’t be able to survive in this air.’ There’s…
Average US 30-year mortgage rate at 4.13 pct.
WASHINGTON (AP) — Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year.
Mortgage applications fall in latest week: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages slipped last week as refinancing applications dropped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.2 percent in the week ended July 25. …
Average US 30-year mortgage rate at 4.14 percent
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year.
Canadian housing starts rise in July, bucking forecasts
By Andrea Hopkins TORONTO (Reuters) – Canadian housing starts bucked forecasts and rose in July, data on Monday showed, but analysts said the recent resumption of the housing market's upward drive is likely to falter if mortgage rates rise as expected heading into 2015. Canada Mortgage and Housing Corp said the …
U.S. housing, jobs data bolster economic outlook
The National Association of Realtors said existing home sales increased 2.4 percent to an annual rate of 5.15 million units. Home resales have now increased for four straight months after the housing market recovery stalled in the second half of 2013 following a run-up in mortgage rates. In a separate report, the …
Average US 30-year mortgage rate at 4.10 pct
WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low.
Canadian housing starts cool in August, seen moderating further
By Andrea Hopkins TORONTO (Reuters) – Canadian housing starts cooled more than expected in August, while the previous month was also revised slightly lower, data showed on Tuesday, setting the stage for what is widely expected to be a slowing housing market as 2014 draws to a close. A report from the …
U.S. mortgage applications fall to lowest since Dec 2000: MBA
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 7.2 percent in the week ended Sept. 5. Fixed 30-year mortgage rates averaged 4.27 percent in the week, up from 4.25 percent the week before.
Average US 30-year mortgage rate at 4.12 percent
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year.
U.S. mortgage applications rise in latest week: MBA
NEW YORK (Reuters) – Applications for U.S. home mortgages rose last week as both purchase and refinancing applications jumped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 7.9 percent in the …
How Big Does Your Portfolio Have to Be Before It Should Look Different?
A reader writes in, asking: “For the last several years I’ve been following a basic Boglehead strategy with a few index funds. How big does a portfolio have to be before it makes sense to start moving into other strategies?” There are certain portfolio-related considerations that …
Investing Blog Roundup: Fixed Indexed Annuities
As I’ve written on several occasions, I’m a big fan of annuities as a tool for providing retirement income. But that doesn’t really extend beyond boring lifetime annuities. Fixed indexed annuities (a.k.a. equity indexed annuities) are an entirely different animal. And as Allan Roth explains …
A Look at Vanguard’s Managed Payout Fund
A reader recently wrote in asking for a discussion of the Vanguard Managed Payout Fund — how it works and what it might be good for. In short, the fund is meant to be a tool for investors who are spending from their portfolios (i.e., retirees). It’s an …
Investing Blog Roundup: Market Valuations and Retirement Asset Allocation
Housekeeping note: We have family and friends visiting from out of town this week and early next week, so there will be no article on Monday. This week researchers Wade Pfau and Michael Kitces released a new paper looking at an assortment of different asset allocation strategies in retirement — …
Investing Blog Roundup: Spending in Retirement
This week, two articles dealing with recent retirement-related research came across my radar — one discussing income, spending, and overall satisfaction in retirement, the other discussing mental health in retirement: Despite Curveballs, Most Retirees Manage from Tom Lauricella (The study’s press release can be found here.) Retirement: …
Financial Advisor Fees Are Irrelevant, If You’ve Already Paid Them
A reader writes in, asking: “After reading your books and others on the Boglehead reading list, I think I’ve determined that my new money should go to Vanguard index funds. But I’m thinking about keeping my existing savings with the advisor I’ve been using for several …
Investing Blog Roundup: Active Management Risk
The big news last week and early this week was the abrupt departure of legendary bond fund manager Bill Gross from PIMCO. (For those who don’t bother to learn the names of mutual fund managers: Bill Gross was one of founders of the company, and he ran the firm’…