• Average US mortgage rates tick up; 30-year at 4.54 percent

    19 days ago - By Chron

    WASHINGTON - Long-term U.S. mortgage rates ticked up this week for the second straight week, remaining substantially higher than a year ago amid strength in the economy.
    Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages rose to 4.54 percent from 4.52 percent last week. Long-term loan rates have been running at their highest levels in seven years. The average benchmark 30-year rate reached a high this year of 4.66 percent on May 24. By contrast, the rate stood at 3.78 percent a year ago.
    The average rate on 15-year, fixed-rate loans edged up to 3.99 percent...
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  • Returns on home-flipping fall to four-year low

    19 days ago - By Inman

    In the second quarter of 2018, the average gross return-on-investment for flipped homes was 44.3 percent, marking a 3.5 percent decline from the first quarter, and a 5.7 percent decline from this time last year. It's also a major drop-off from the peak on ROI of over 50 percent in early 2016.
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  • Tesla will meet its Model 3 goal so buy the stock, Oppenheimer says

    19 days ago - By CNBC

    Oppenheimer reiterates its outperform rating for Tesla shares, citing confidence in the carmaker's ability to meet its third-quarter Model 3 production target.
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  • US productivity grew at strong 2.9 percent rate in Q2

    19 days ago - By Chron

    WASHINGTON - The Labor Department on Thursday affirmed last month's report that U.S. productivity increased at an annual rate of 2.9 percent in the second quarter.
    The government reported few revisions to the productivity figures released in August. The jump in productivity followed a tepid 0.3 percent gain in the first quarter. Labor costs slipped 1 percent in the April-June quarter, instead of the 0.9 percent that was initially reported.
    Productivity is a measure of output for each hour worked. It largely determines how fast the economy can grow and how much living standards can...
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  • ADP: Private Employment increased 163,000 in August

    19 days ago - By Calculated Risk

    From ADP:
    Private sector employment increased by 163,000 jobs from July to August according to the August ADP National Employment Report®.... The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
    ...
    “Although we saw a small slowdown in job growth the market remains incredibly dynamic,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Midsized businesses continue to be the engine of growth, adding nearly 70 percent of all jobs this month, and remain...
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  • U.S. second-quarter productivity growth unrevised at 2.9 percent

    19 days ago - By Reuters

    U.S. worker productivity rose at its fastest pace in more than three years in the second quarter, as previously reported, but the trend in productivity growth remained moderate.
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  • US productivity increased at an annual rate of 2.9 percent in the second quarter; revisions largely match August report

    19 days ago - By Chron

    WASHINGTON - US productivity increased at an annual rate of 2.9 percent in the second quarter; revisions largely match August report.
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