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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…
Shares of Rivian Automotive (RIVN 18.12%) reversed course on Tuesday after the electric vehicle (EV) manufacturer announced a sizable capital raise. Image source: Getty Images. Deliveries are rising, but so are production costs On Thursday, Rivian announced that it delivered 12,194 vehicles in the second quarter, handily exceeding its guidance of 9,000 to 11,000 deliveries….
Former US President Barack Obama became emotional during the opening ceremony of the Obama Presidential Center in Chicago as his wife Michelle Obama delivered a heartfelt speech remembering their journey, family and the values they built together. Michelle’s words about their life, daughters and Barack’s public service left the former president wiping away tears on…
Credible, is known for bringing clients like you the necessary simplicity, choice and unbiased support for all of the important financial decisions life can bring you. Keep reading Benzinga’s review of this online platform and its lending partners to get the lowdown on the types of loans it offers as well as its exclusive perks. …
Mortgage application activity was essentially unchanged last week, as a modest increase in purchase demand offset a slight decline in refinancing. The Mortgage Bankers Association (MBA) reported a 0.04% increase in total application volume on a seasonally adjusted basis for the week ending June 26. Purchase activity provided the week’s modest support. The seasonally adjusted…
EPF interest: The Employees Provident Fund (EPF) interest for FY26 is set to be credited this month by 15 July, calculated at the rate of 8.25% per annum. Notably, the interest rate per month works out to around 0.688% per month, according to a report by Clear Tax. Ahead of this, we take a look…