• Mortgage rates leap to 7-year highs; 30-year at 4.90 percent

    2 monthes ago - By Chron

    WASHINGTON - Long-term U.S. mortgage rates leaped this week to their highest levels in seven years amid global anxiety over rising interest rates that has gripped financial markets.
    Costs for would-be homebuyers are climbing. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages jumped to an average 4.90 percent this week from 4.71 percent last week. That's the highest level for the benchmark rate since April 2011. A year ago, it stood at 3.91 percent.
    The average rate on 15-year, fixed-rate loans rose to 4.29 percent this week from 4.15 percent last week.
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  • The bitcoin market is cratering - but crypto hedge funds launches are soaring this year

    The bitcoin market is cratering - but crypto hedge funds launches are soaring this year

    2 monthes ago - By Business Insider

    Although the crypto market has had a tough run so far this year , crypto hedge fund launches are on pace for a record high in 2018, according to a new report.
    About 600 hedge funds are set to launch this year, and 20% of them will be crypto-focused.
    But while interest in crypto hedge funds is picking up, the value of assets managed by those funds is still meager, standing at less than $4 billion.
    While the crypto market has had a tough run this year, the number of new crypto hedge funds is soaring.
    90 crypto hedge funds launched globally since the beginning of 2018, and the total is on...
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  • Mortgage rates soar to seven-year highs

    2 monthes ago - By Washington Post

    The 30-year fixed-rate average hasn't been this high since April 2011.
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