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Tag Archives: rates

U.S. banks profit from higher rates, more loans and lower costs

NEW YORK (Reuters) – Three of the largest U.S. lenders reported double-digit profit increases on Friday, helped by an expanding economy and lower taxes, and forecast more growth ahead as long as current trends continue. Banks benefited from strong loan demand in the latest quarter, with lending rates rising faster than funding costs, stock market activity boomed and the Trump ...

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Adoption rates: iOS 12 vs. Android Pie

In this case, slow and steady does not win the race. Less than three weeks after its Sept. 17 release, according to Apple, the newest version of its mobile operating system had been installed on 50% of iOS devices. By contrast, Android Pie is almost nowhere to be seen. Seven weeks after its Aug. 7 release, according to <a href="https://www.androi… 24/7 ...

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Freddie Mac: Mortgage rates reach 7-year high

After weeks of climbing, mortgage rates have now risen to their highest level in seven years, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said rates are now at their highest level since the week of April 14, 2011. According to the Primary Mortgage Market survey, the 30-year fixed-rate mortgage averaged 4.9% for the week ending ...

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