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Remodeling Spending Projecting to Hit 10-Year High in 2018

The coming year is expected to be another robust one for residential renovations, according to Harvard University’s Joint Center for Housing Studies....

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Mortgage Rates Bounce Back

After dipping slightly last week, Treasury yields surged this week amidst sell-offs in the bond market. The 10-year Treasury yield, for instance, reached its highest point since March of last year. Mortgage rates followed Treasury yields and ticked up modestly across the board. The 30-year fixed-rat...

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Former Canon HQ to Be Demolished to Make Way for Housing

The former Canon USA North American Headquarters recently sold in Trumbull....

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CFPB Will Reconsider Payday Rule

The Consumer Financial Protection Bureau intends to engage in a rule-making process to reconsider the Payday Rule, which could result in a full repeal or significant revision....

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BofA Net Profit Slumps on $2.9B Tax Charge, Adjusted Income Beats Estimates

Bank of America Corp.’s net profit nearly halved compared with a year earlier as it booked a $2.9 billion charge stemming from the new federal tax law, although it beat analysts’ estimates when adjusted for the charge....


Down Payments Reached a New Peak in 2017

Rising home prices drove up the average size of down payments on single-family homes and condos to a new record in the third quarter of 2017, according to the January 2018 Down Payment Report....