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EXCLUSIVE: How To Raise Capital In Cannabis - A Guide To Debt And Equity For Avoiding Pitfalls That Sink Most Startups
Monday, October 14, 2024 - 10:48am | 1042When your cannabis business needs cash, where do you turn? Should you give up some control for investors or borrow money and risk debt? At the Benzinga Cannabis Capital Conference in Chicago, experts tackled these tough decisions. The panel, “Cannabis Financing 101,” offered practical...
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Wall Street Marks New Record Highs On Strong Start To Earnings Season, Investors Downplay Inflation Surge, Tesla Disappoints: This Week In The Market
Friday, October 11, 2024 - 4:15pm | 664The S&P 500 and Dow Jones Industrial Average both achieved record highs this week. A strong kickoff to the third-quarter earnings season fueled both indexes, offsetting concerns from last month's unexpected inflation surge. JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co. (NYSE:WFC),...
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Mortgage Rates Near 6%, Demand Increases For Refinancing, Purchases
Thursday, September 19, 2024 - 6:30pm | 384Mortgage rates continue to fall toward 6% as the housing market absorbs the Federal Reserve’s 0.5% rate cut on Wednesday, raising demand for refinancing and buying, stated Freddie Mac. The average rate for a 30-year fixed mortgage fell to 6.09% on Thursday, down from 6.2% a week ago and 7.19...
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Homebuilder Giants Lennar, PulteGroup Hit New 52-Week Highs As Rate Cut Closes In
Wednesday, September 18, 2024 - 1:00pm | 448Homebuilder stocks are hitting new highs as anticipation builds ahead of the Federal Reserve’s upcoming rate cut decision. Both Lennar Corp (NYSE:LEN) and PulteGroup, Inc. (NYSE:PHM) surged to 52-week highs on Sept. 18, with Lennar reaching $190.12 and PulteGroup hitting $141.43. The rally...
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Homeowners Have Never Been Richer, Data Shows: 'Another Reason To Question Recession Narrative'
Friday, September 13, 2024 - 2:23pm | 440Homeowners have more real estate equity than ever before, according to data from the federal government and an investment group. Total homeowner’s equity in the U.S. reached $35.1 trillion in this year’s second quarter, data from the Federal Reserve showed. It fell as low as $29.8...
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30-Year Mortgage Rates Hit 15-Month Low, But Applications Pull Back After Recent Spikes: Real Estate Stocks React Wednesday (CORRECTED)
Wednesday, August 21, 2024 - 9:33am | 650Editor's Note: This article has been updated to reflect that the data was released on Wednesday. Positive news has emerged for U.S. homebuyers navigating the housing market, as the average interest rate on 30-year fixed-rate mortgages with conforming loan balances (up to $766,550) declined to 6.50...
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Harris Warns Trump Tax Plan Will 'Devastate Americans,' Vows To Go After 'Bad Actors' Behind Food Prices
Friday, August 16, 2024 - 3:37pm | 1034Vice President Kamala Harris laid out a plan to lower costs for middle-class Americans with a focus on food costs, home ownership costs and health care costs during a speech in swing state North Carolina Friday. Improve the Economy: Harris laid out a plan to improve the economy and life for the...
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Mortgage Applications Rocket By 16.8%, Notch Strongest Weekly Increase In 1.5 Years: 'Homebuyers Took The Opportunity To Refinance'
Wednesday, August 14, 2024 - 11:07am | 721Mortgage applications skyrocketed by 16.8% in the week ending Aug. 9, according to data released Wednesday by the Mortgage Bankers Association. This impressive increase follows a 6.9% rise in the previous week and represents the largest one-week jump since January 2023. The surge comes despite the...
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Mortgage Rates Fall To 15-Month Lows, Boost Homebuyer Demand As Federal Reserve Hints At Rate Cuts
Wednesday, August 7, 2024 - 9:11am | 775Expectations that the Federal Reserve will soon begin cutting interest rates have driven mortgage rates to their lowest levels in over a year Wednesday, positively impacting both new mortgage applications and refinancing of existing loans. The average contract interest rate for 30-year fixed-rate...
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US Home Sales See Sharpest Monthly Decline In 1.5 Years As Record High Prices Keep Buyers On The Sideline
Tuesday, July 23, 2024 - 10:46am | 876Existing home sales in the United States plunged 5.4% in June 2024 from the previous month, marking the steepest monthly drop since November 2022. This decline is attributed to heightened buyer apprehension, as the median sales price reached a record high for the second consecutive month. In June...
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Mortgage Rates Continue To Tick Down In Mid-July: 'The Economy Remains Resilient'
Thursday, July 18, 2024 - 1:32pm | 442Mortgage rates continued to trickle down this month, falling to 6.77%. The housing market continues its long-term movement to equilibrium, albeit slowly, as housing remains unaffordable for many Americans. The Data: According to a Freddie Mac report, the average 30-year fixed mortgage rate fell to...
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New Home Sales Dip In May As High Mortgage Rates Keep Buyers 'On The Sidelines'
Wednesday, June 26, 2024 - 6:52pm | 501Sales of new single‐family homes declined last month as mortgage rates continued to remain elevated. May sales came in at a seasonally adjusted annual rate of 619,000 homes, according to estimates released jointly on Wednesday by the U.S. Census Bureau and the Department of Housing and Urban...
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Mortgage Rates Fall For Third Straight Week With Signs Of Lower Inflation, Fed Rates
Thursday, June 20, 2024 - 4:12pm | 352Mortgage rates have declined for the third consecutive week following signs of cooling inflation and lower interest rates from the Federal Reserve, according to Freddie Mac (OTC:FMCC). The 30-year fixed mortgage rate averaged 6.87% as of Thursday, down from last week’s average of 6.95%. A...
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Mortgage Rates Fall For Second Straight Week In Response to Positive Economic Data
Friday, June 14, 2024 - 4:31pm | 379Mortgage rates dropped for a second consecutive week as inflation continued to ease. The average 30-year fixed-rate mortgage was 6.95% for the week ending June 13, according to Freddie Mac‘s (OTC:FMCC) latest Primary Mortgage Market Survey, Fox Business reported. That is down from an average...
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Home Sellers Slashing Prices At Fastest Rate In Nearly Two Years: What's Going On?
Thursday, May 30, 2024 - 5:55pm | 484A look at weekly and monthly data could show that homes for sale are seeing price cuts and fewer people are buying new homes, as consumers continue to grapple with high mortgage rates. What Happened: The median sale price of a home hit an all-time high of $390,613 in a recent report from Redfin...