Sznurki Tue, 09 Nov 2021 15:24:16 +0000 en-US hourly 1 Sznurki 32 32 Mortgage rates today continue to fall | November 9, 2021 | Smart change: personal finances Tue, 09 Nov 2021 13:12:43 +0000

Leslie Cook

The average rate on a 30-year fixed-rate mortgage is down to 3.337% today, continuing the downtrend that started last week. Rates are also lower for almost all other loan categories, with the 30-year refinancing rate falling to 3.47%.

Qualified buyers who are considering a new home purchase or mortgage refinance should be able to find and lock in an attractive rate and comfortable monthly payments.

  • The latest rate on a 30 year fixed rate mortgage is 3.337%. ??
  • The last rate on a 15 year fixed rate mortgage is 2.48%. ??
  • The latest rate on a 5/1 ARM is 2.239%. ??
  • The latest rate on a 7/1 ARM is 3.193%. ??
  • The latest rate on a 10/1 ARM is 3.119%. ??

Money is everyday mortgage the rates reflect what a borrower with a 20% down payment and a credit score of 700 – roughly the national average – could pay if he or she applied for a home loan now. Daily rates are based on the average rate of 8,000 lenders offered to applicants on the previous business day. Freddie Mac’s weekly rates will generally be lower, as they measure the rates offered to borrowers with a higher credit rating.

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30-year fixed rate mortgage rates today

  • The 30-year rate is 3.337%.
  • It’s a day decrease by 0.046 percentage point.
  • It’s a month decrease by 0.132 percentage points.

The 30-year fixed rate home loan is the most popular type of mortgage loan thanks to its stable interest rate and monthly payments. The long payback period is also interesting because it results in relatively low monthly payments. However, compared to shorter term loans, the interest rate is usually higher, so you will be spending more over the entire term.

Average mortgage rates

Data based on U.S. mortgages closed on November 8, 2021


  • November 8: 2.48%
  • Last week: 2.54%
  • Switch: -0.06%


  • November 8: 3.34%
  • Last week: 3.43%
  • Switch: -0.09%


  • November 8: 3.19%
  • Last week: 3.38%
  • Switch: -0.19%


  • November 8: 3.12%
  • Last week: 3.66%
  • Switch: -0.54%

Find your real rate at Quicken Loans.

Click below to get started and view your rate today.

See the prices of November 09, 2021

15 years old fixed rate mortgage rates today

  • The 15-year rate is 2.48%.
  • It’s a day decrease by 0.04 percentage point.
  • It’s a month infold by 0.038 percentage points.

The lower interest rate and shorter term of the 15-year fixed rate mortgage is attractive to some borrowers because it means getting out of debt faster and paying less interest. The caveat is that the shorter term means that the monthly payments will be higher than with a 30 year loan of the same size. This means that the 15 year loan is not practical for some borrowers.

Variable rate mortgage rates today

  • The latest rate on a 5/1 ARM is 2.239%. ??
  • The latest rate on a 7/1 ARM is 3.193%. ??
  • The latest rate on a 10/1 ARM is 3.119%. ??

Some borrowers who do not plan to stay at home for an extended period of time may find variable rate mortgages attractive. An ARM begins with a low fixed interest rate for a set number of years before the rate begins to reset at specific intervals. For example, the interest rate on an ARM 5/1 will be fixed for five years and then reset every year. Since your mortgage appraiser will react to market conditions, there is the possibility of significant increases once they are adjustable.

Current mortgage rates: VA, FHA and jumbo loan rates

The average rates for FHA, VA and jumbo loans are:

  • The rate for a 30-year FHA mortgage is 3.069%. ??
  • The rate for a 30-year VA mortgage is 3.118%. ??
  • The rate for a 30-year jumbo mortgage is 3.582%. ??

Current mortgage refinancing rates

The average refinancing rates for 30-year loans, 15-year loans and ARMs are:

  • The refinance rate on a 30 year fixed rate refinance is 3.47%. ??
  • The refinance rate on a 15 year fixed rate refinance is 2.582%. ??
  • The refinancing rate on an ARM 5/1 is 2.525%. ??
  • The refinancing rate on an ARM 7/1 is 3.595%. ??
  • The refinancing rate on an ARM 10/1 is 3.948%. ??

Average mortgage refinancing rates

Data based on U.S. mortgages closed on November 8, 2021


  • November 8: 2.58%
  • Last week: 2.64%
  • Switch: -0.06%


  • November 8: 3.47%
  • Last week: 3.57%
  • Switch: -0.1%


  • November 8: 3.6%
  • Last week: 3.68%
  • Switch: -0.08%


  • November 8: 3.95%
  • Last week: 4.04%
  • Switch: -0.09%

Find your real rate at Quicken Loans.

Click below to get started and view your rate today.

See the prices for November 09, 2021

Where Are Mortgage Rates Going This Year?

Mortgage rates fell through 2020. Millions of homeowners responded to low mortgage rates by refinancing existing loans and taking out new ones. Many people have bought homes that they might not have been able to afford if the rates were higher.

In January 2021, rates briefly dropped to all-time low levels, but tended to rise throughout the month and into February.

Looking ahead, experts believe that interest rates will rise further in 2021, but modestly. Factors that could influence the rates include how quickly COVID-19 vaccines are distributed and when lawmakers can agree on another cost-effective relief package. More vaccinations and government stimulus could lead to improved economic conditions, which would increase rates.

While mortgage rates are likely to rise this year, experts say the increase won’t happen overnight, and it won’t be a dramatic jump. Rates are expected to stay near their historically low levels throughout the first half of the year, rising slightly later in the year. Even with rates rising, this will still be a good time to finance a new home or refinance a mortgage.

Factors that influence mortgage rates include:

  • The Federal Reserve. The Fed took swift action when the pandemic hit the United States in March 2020. The Fed announced plans to move money through the economy by lowering the Federal Fund’s short-term interest rate between 0% and 0.25%, which is as low as they go. The central bank also pledged to buy mortgage-backed securities and treasury bills, supporting the housing finance market, but started cutting back on those purchases in November.
  • The 10-year Treasury note. Mortgage rates move at the same pace as the yields on 10-year government treasury bills. Yields fell below 1% for the first time in March 2020 and have risen since then. On average, there is typically a 1.8 point “spread” between Treasury yields and benchmark mortgage rates.
  • The economy in the broad sense. Unemployment rates and changes in gross domestic product are important indicators of the overall health of the economy. When employment and GDP growth are low, it means the economy is weak, which can lower interest rates. Thanks to the pandemic, unemployment levels hit historic highs early last year and have yet to recover. GDP has also been affected, and although it has rebounded somewhat, there is still a lot of room for improvement.

Tips for getting the lowest mortgage rate possible

There is no universal mortgage rate that all borrowers receive. Qualifying for the lowest mortgage rates takes a bit of work and will depend on both personal financial factors and market conditions.

Check your credit score and your credit report. Mistakes or other red flags can lower your credit score. The borrowers with the highest credit scores will get the best rates, so it’s essential to check your credit report before you begin the home search process. Taking action to correct mistakes will help increase your score. If you have high credit card balances, paying them off can also give you a quick boost.

Save money for a large down payment. This will lower your loan-to-value ratio, which means how much of the home’s price the lender has to finance. A lower LTV usually results in a lower mortgage rate. Lenders also like to see money that has been saved in an account for at least 60 days. It tells the lender that you have the money to finance the purchase of the house.

Shop around for the best rate. Don’t settle for the first interest rate a lender offers you. Check with at least three different lenders to see who is offering the lowest interest rate. Also consider the different types of lenders, such as credit unions and online lenders, in addition to traditional banks.

Also. take the time to learn about the different types of loans. While the 30-year fixed-rate mortgage is the most common type of mortgage, consider a shorter-term loan such as a 15-year loan or an adjustable rate mortgage. These types of loans often have a lower rate than a conventional 30-year mortgage. Compare everyone’s costs to see which one best suits your needs and your financial situation. Government loans – such as those backed by the Federal Housing Authority, the Department of Veterans Affairs, and the Department of Agriculture – may be more affordable options for those who qualify.

Finally, lock in your rate. Locking in your rate once you find the right rate, the right loan product, and the lender will help ensure that your mortgage rate does not increase until the loan closes.

Our mortgage rate methodology

Money’s Daily Mortgage Rates show the average rate offered by over 8,000 lenders in the United States for which the most recent rates are available. Today we’re posting the rates for Monday, November 8, 2021. Our rates reflect what a typical borrower with a credit score of 700 can expect to pay on a home loan right now. These rates were offered to people contributing 20% ​​and include discount points.

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export: how to get post-shipment credit and what exporters need to know Tue, 09 Nov 2021 04:03:00 +0000 A job that crosses geographic boundaries can be time consuming. In addition, there is uncertainty about the release of payments by the foreign buyer. There have been cases where exporters have had to wait a long time for payments. This interim period can be long enough to have serious repercussions on the working capital cycle of domestic exporters. Most of these players rely on cash payment to keep doing business. A disruption in the money cycle can be a big blow.

The majority of Indian exporters, especially the smaller ones, manage with scarce working capital. Unlike their larger counterparts, these SMEs do not have sufficient financial leeway to overcome such a phase. What are the remedies available to exporters in such cases?

The Ministry of Commerce initiated the concept of post-shipment credit to ease the burden on exporters in such a situation. Post-shipment credit refers to credit given to exporters after the goods have been shipped. This money is intended to help exporters meet working capital needs, such as purchasing raw materials and other business expenses.

The Reserve Bank of India (RBI) defines post-shipment credit as: “Any loan or advance granted or any other credit given by a bank to an exporter of goods / services from India from the date of granting of the credit after shipment of goods / return on services up to the date of export earnings realization and includes any loan or advance given to an exporter, in return for or as security for any duty drawback authorized by the government from time to time .

For obvious reasons, post-shipment credit is extremely beneficial for exporting companies. Besides reducing working capital problems, the mechanism also gives exporters the option of extending the credit period to foreign buyers. A number of financial institutions, including the EXIM Bank of India, major commercial banks, and non-bank financial institutions (NBFCs), provide post-shipment credit to eligible borrowers at a concessional interest rate.

Who is eligible for post-shipment credit?

According to the standards set by the General Directorate of Foreign Trade (DGFT), all types of exporters – including merchant exporters, manufacturer exporters, export houses, trading houses and manufacturers supplying goods to exporters merchants, export houses and trading houses – are eligible to apply. As a rule, the system does not require guarantees from exporters. How then can financial institutions decide on the creditworthiness of an exporter requesting post-shipment credit?

According to Milan Thakkar, CEO of Mumbai-based export company Walplast, an exporter can get 80% of the CIF invoice amount (cost, insurance and freight) as a credit after submitting the relevant documents to the bank. The 20% balance can be used when the importer makes the final payment. “However, this percentage differs from bank to bank and on a case-by-case basis. Credit is granted for a maximum of 180 days, but it can be extended for 90 days with permission from RBI, ”Thakkar said.

Who to contact for credit after shipment?

Currently, nationalized, private and cooperative banks offer this facility as a specialized type of loan. Exim Bank of India – a specialized financial institution mandated to provide financial assistance to exporters and importers – does so too.

A majority of commercial banks provide post-shipment credit up to Rs 10 crore. Domestic exporters can obtain loans of up to Rs 50 crore. Credit limits are generally operated as a checking account facility. The facilities can be drawn either in rupees or in a foreign currency, the bankers say.

Exim Bank’s portal indicates that an exporting entity must meet certain criteria in order to get help. First, the applicant must be a proven Indian exporter. The amount of the loan must be within the limits of the maximum authorized bank financing (MPBF) of the borrower’s limit. A margin of approximately 10% for post-shipment credit is applicable. Adequate security may be required in some cases. Typically, the security of this facility includes an appropriate charge on current assets, including export receivables and ECGC coverage.

NBFCs are also mandated to provide post-shipment credit to deserving domestic exporters. NBFCs enjoy a broader reach compared to banks and therefore remain the preferred lender for such loans for many MSMEs based in Tier 2/3 cities.

Documents required for post-shipment credit

Typically, financial institutions, including commercial banks, request certain documents to verify whether export shipments have left domestic shores or not. Common documents used for this purpose are: bill of lading / air waybill, commercial invoice, certificate of origin, inspection certificate, letter of credit, insurance certificate, import and export code certificate and list packing, among others. The lender might also ask for other documents depending on the transaction.

Dos and don’ts of post-export credit

As with any business transaction, there are certain dos and don’ts of obtaining a post-export credit facility. Industry experts say any kind of financing comes at a cost and post-export credit is no different. In addition, a default can damage the reputation of the exporter, sometimes on a global scale.

As all banks require proof of goods being shipped, Walplast’s Thakkar advises exporters to ensure that the exporter’s bank explicitly requests the importer’s bank to have bills of exchange noted and to file a protest in case of non-acceptance / payment.

“Exporters should obtain a buyers credit report from the Export Credit Guarantee Corporation of India (ECGC) before doing business with them. Plus, they shouldn’t change the payment terms after shipment, ”he says. Exporters should also be aware that they can fall victim to unscrupulous activity or piracy, which is quite common these days.

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Allegiance Bancshares (ABTX) and CBTX, Inc. (CBTX) partner to create premier banking franchise in Texas Mon, 08 Nov 2021 14:02:15 +0000

News and research before you hear about it on CNBC and others. Claim your 1-week free trial for StreetInsider Premium here.

Allegiance Bancshares, Inc. (NASDAQ: ABTX) (Allegiance), the holding company of Allegiance Bank, and CBTX, Inc. (NASDAQ: CBTX) (CBTX), the parent company of CommunityBank of Texas, NA, jointly announced today ‘hui that they have reached a definitive agreement whereby the companies will come together in a peer-to-peer merger to create a combined company with a market capitalization of around $ 1.5 billion and the 17th largest share of deposit market in the state of Texas.

Pursuant to the definitive merger agreement, Allegiance shareholders will receive 1.4184 common shares of CBTX for each common share of Allegiance they own. Based on the number of Allegiance and CBTX shares outstanding as of November 5, 2021, Allegiance shareholders will own approximately 54% and CBTX shareholders will own approximately 46% of the combined company.

“We are very pleased to partner with CBTX with whom we share a culture, strategic vision and commitment to our stakeholders. This transaction is a true merger of equals, combining the best of our highly respected community banks that positions us better to serve our customers and improve financial performance, ”said Steve Retzloff, CEO of Allegiance.

“Our companies complement each other wonderfully and the combined company will be a formidable competitor in our markets. The combination is poised to deliver long-term value to our shareholders, customers, employees and communities. I have long admired Bob’s leadership and the top-quality community banking franchise that CBTX has built. I am delighted that we are on the same team and look forward to working closely together as together we become the premier community bank in Texas, ”continued Retzloff.

CBTX President, CEO and President Bob Franklin said, “Bringing together two of the best community banks in the Houston area is great for our communities. Allegiance is a trusted local bank and there is no better team to unite to work together. to uphold the tradition of community banking, while meeting the diverse needs of the customers we serve. “

Mr. Franklin continued, “I have immense respect for Steve and the Allegiance team and look forward to building on our respective strengths as we focus on our shared future. We are committed to the idea that the Houston area needs a financial institution on a scale that works with the culture of a community bank and local decision-making led by banking professionals with deep experience. The combination enhances our ability to deliver to our communities, shareholders, customers and employees in a better way than either company could do alone and gives us the ability to compete in the next generation of banking services. The combined company will unify under a new brand image which will be identified prior to the completion of the merger. This will be important because we will make the best of both to build our future. “

Merger financially attractive to shareholders

Improved profitability: On a pro forma basis, the combined company expects to improve its performance, with a target return on average assets in 2023 of approximately 1.3%, an average tangible return on equity of approximately 12% and a ratio of efficiency of about 52%.

Opportunity for cost synergy: The merger is expected to generate cost synergies estimated at $ 35.5 million by 2023, which represents approximately 15% of combined annual operating expenses.

Significant earnings per share and increased profits: The merger aims to generate a 40% and 17% increase in earnings per share of CBTX and Allegiance in 2023, respectively (first full year of cost savings achieved).

Strong Combined Capital Levels: The combined company is expected to have a tangible equity ratio of greater than 9.5% at closing. The strong capital ratios expected from the combined company will support growth and capital management strategies.

Executive leadership

Reflecting the contribution the two organizations make to the merged company, the highly respected board of directors and management team, which are made up of individuals with significant financial services experience, will draw on both sides.

  • Steve Retzloff, CEO of Allegiance, will be the executive chairman of the combined company
  • Bob Franklin, Chairman, CEO and President of CBTX, will be CEO of the Combined Company
  • Ray Vitulli, Chairman of Allegiance, to be Chief Executive Officer of Combined Bank
  • Paul Egge, CFO of Allegiance, will be CFO of the merged company
  • Joe West, Chief Credit Officer of CBTX, will be Chief Credit Officer of Combined Bank
  • The board of directors of the combined company will initially consist of 14 directors – seven from Allegiance and seven from CBTX
  • Both Mr. Retzloff and Mr. Franklin will be appointed directors of the amalgamated company

Approval and timeline

The merger is expected to be finalized early in the second quarter of 2022, subject to the satisfaction of customary closing conditions, including receipt of regulatory approvals and shareholder approvals of each company.

Transaction advisors

Raymond James & Associates, Inc. served as financial advisor to Allegiance with Bracewell LLP serving as legal advisor. Stephens Inc. served as financial advisor to CBTX, with Fenimore Kay Harrison LLP and Norton Rose Fulbright US LLP as legal advisers.

Joint conference call and webcast details

A joint conference call with investors will be held at 9:30 a.m. Central Time today, November 8, 2021, to discuss the transaction. Individuals and investment professionals can participate in the call by dialing (877) 279-2520. The conference ID number is 8261126. A simultaneous audio webcast and accompanying presentation can be accessed through the Investor Relations section of Allegiance’s website at and the CBTX website at If you cannot participate in the live webcast, the webcast will be archived through the websites listed above.

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Financial Services Council reimburses JobKeeper Mon, 08 Nov 2021 06:53:00 +0000

On August 2, the FSC “refunded all JobKeeper amounts previously received to the Australian government.” Which looks good when you consider it in light of its profit of $ 1.4 million in 2021 (double the profit of $ 769,000 from the previous year, which in itself was a big improvement over the previous year. loss of $ 412,000 in 2019).

While we are regularly skeptical of the financial services cartel, which for years covered some of Australia’s worst business practices, such as pay disputes and poor pension performance, it seems to be the only one among the lobbyists who sucked JobKeeper.

There is little evidence that the Association of Superannuation Funds of Australia repaid the $ 987,450 in wage subsidies it received (in addition to the $ 351,000 it received in FY20) .

ASFA’s revenue of $ 11.5 million is only 12% lower than the $ 13 million in FY20, but even that was an improvement from taking 12.7 million dollars in fiscal year 19.

ASFA’s profit of $ 439,000 in 2021 (down from just $ 132 a year earlier, although this is an improvement over the loss of $ 198,000 in 2019) was also supported by a payroll tax refund of $ 1.55 million.

The Australian Institute of Superannuation Trustees, meanwhile, cashed $ 1.2 million in JobKeeper in calendar year 2020. It lost around $ 3.5 million in revenue due to the cancellation of its flagship conference and many small events.

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Voice of the People: Account oversight bill would be a disaster | Opinion Sat, 06 Nov 2021 13:00:00 +0000

This letter is primarily addressed to all voters. This is Senate Bill 910, known as the Safe and Fair Banking Act (SAFE). This bill may or may not be activated by Congress.

Senator Jeff Markey of Oregon introduced the SAFE Banking Act on March 23, 2021. The use of the word “safe” with this bill is grossly inappropriate. Illinois Senator Tammy Duckworth is pushing for this bill. I imagine Senator Dick Durbin does the same.

The bill states that all community banks and other financial institutions would be required to report deposits and withdrawals from all business and personal accounts with a balance of $ 600 or more to the IRS, regardless of tax payable. . It appears that some members of Congress, including Senator Duckworth, are keen to make the banking industry a snoop of the FBI and IRS.

It will be a huge ordeal for any bank or financial institution. How many banks or financial institutions will be forced to cut many of their current services to customers? Hopefully none will have to close!

The next time you send someone a financial gift, you and your recipient can report it to the IRS. How many people will consider withdrawing their funds from the bank, or actually do? This would create huge opportunities for thefts from law-abiding citizens.

This bill stinks of something designed by a totalitarian government to control its citizens. Freedom loving citizens should not take this bill lightly. Supporters of the bill need to get voters to vote against them, as we should for all those who advance such anti-democratic, anti-American and totalitarian nonsense.

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Tired of managing credit card dues? Here is a card with an integrated solution Sat, 06 Nov 2021 12:06:00 +0000 Tracking of all transactions may not be possible for every cardholder, causing the total amount spent to exceed payment capacity.

The benefits of a credit card are wasted if the cardholder starts spending too much and ends up not paying the entire bill on time or the minimum amount by the due date. As the interest rate and penalties on unpaid credit card amounts are high, poor card management can overwhelm a cardholder.

To avoid this, cardholders should not exceed their payment capacity and try to pay the entire bill or at least the minimum bill amount on time.

However, tracking of all transactions may not be possible for every cardholder, causing the total amount spent to exceed payment capacity.

Uni Pay 1 / 3rd Card

To make things easier for cardholders, Uni Pay has brought in a 1/3 card, which is India’s first subsequent payment card that automatically divides transactions into 1/3 interest-free. It aims to intuitively solve the short-term liquidity problem without imposing high interest charges on consumers.

It also offers consumers the option to convert transactions to “Pay in Full” at the end of the 30-day free credit period and in return consumers can enjoy a 1% cashback reward. money.

Who and how can you use this card?

Anyone between the ages of 21 and 60 who is present in the credit bureau with a desk score of 760 and above (also known as Super Preferred Customers) is eligible to request Pay 1 / 3rd. The map is available for Android and iOS users. Customers simply need to download the app and request the card.

How To Reduce Your Debt If You Spent Too Much On Your Credit Card This Diwali?

Powered by Visa, Pay 1 / 3rd is both a physical card and a digital card. The physical card works at all retailers that accept Visa cards. The card is delivered to the user typically within 4-5 days of request, while the digital card can be used instantly after onboarding for online purchases.

Credit limit

Pay 1 / 3rd card offers a credit limit of around Rs 20,000 to Rs 6 lakh. This varies from client to client and their risk profile.

Income / interest model, late fees

The company’s income is primarily derived from trading, cross-selling income, merchant partner subsidy income, interest income when a customer converts transactions to longer-term EMI, and late fees.

If customers convert their bills to EMI or longer term installments, interest charges of 14-18% will apply. In Pay 1 / 3rd, the minimum amount due must be paid on each billing cycle, otherwise the borrower will have to pay late fees which are decided based on the slab.

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Launch of the public relations and marketing agency for financial services Sat, 06 Nov 2021 07:00:00 +0000 London, UK, November 06, 2021 – ( – has launched a new financial public relations company for the fintech and financial services industry. is founded by a team with many years of experience in the financial marketing industry. provides financial and fintech marketing services for the following solutions:

– Financial PR dissemination
– Sensitization to media and journalists
– Performance marketing campaigns
– sponsored advertorials and news
– Pitches of interviews with the co-founders and CEOs
– Advertising banners on our partner network
– Social networks and influencer marketing
-Seo marketing

Typical clients of will include Fintech startups, neobanks, Blockchain companies, Stock Apps, Robo Advisors, ETF providers, wealth management platforms and more. aims to deliver cutting-edge results and awareness to financial services and fintech startups. Previous PR campaigns and case studies include articles published in the Financial Times, Business Insider, Nasdaq, ETFTrends, Yahoo Finance and more.

Previous clients they have campaigned with include major fintech brands such as eToro,, Revolut, and

PR and marketing campaigns will be available in multiple languages ​​and countries including UK, US, Australia, Germany, France, Italy, Scandinavia and more.

Adam Grunwerg, Co-Founder of said: “We are very excited to launch and expand our financial marketing service offering to the public. We have years of experience managing internal performance marketing and public relations campaigns. From now on, we will provide these services to the world’s biggest brands.

He continued, “The financial services and fintech market is growing faster than ever with products like ETFs, Robo Advisors, Neo Banks and Blockchain products changing the shape of the industry. We wanted to provide a dedicated service for these products and connect them with major publishers, media and media. We believe that the current agencies dedicated to this industry are limited and we wanted to provide a state-of-the-art solution. “

About Launched in 2021, is a financial services public relations and marketing agency dedicated to the growing fintech and financial services industry alongside its sister site

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Why have rates completely ignored this week’s bad news? Fri, 05 Nov 2021 23:02:05 +0000

This week, the Fed announced a reduction in its bond purchases. In separate news, the Big Jobs report was much stronger than expected. These two events should have pushed up rates. So why didn’t they do it?

Let’s start with the Fed and its bond buying adventures (also called QE or “quantitative easing”). The following chart of 10-year Treasury yields (a broad benchmark for “rates”) shows the paradoxical reactions to previous decisions by the Fed to stop buying bonds.

In other words, we knew that a paradoxical reaction was a possibility, even if the precedent is never a guarantee. Beyond that, we also knew that rates were rising in anticipation of a possible Fed exit. In fact, last week they had already covered as much ground as in 2013.

20211029 n, l10.png

All this to say that the reaction to the Fed’s announcement has undoubtedly been in the works for over a year. In this sense, it is certain made push rates higher, but well in advance. September 22 provided the most recent example when the Fed most openly telegraphed the contents of this week’s announcement.

20211105n nl6.png

Incidentally, the bond market’s first reaction to this week’s tapering announcement was also to raise rates slightly. The recovery did not take place until the next day. So what caused this drop in yields? And how about the even more puzzling drop the next morning after the solid jobs report (the two “drops” seen in the red-highlighted areas below)?

20211105 nl3.png

These kinds of pops and drops rarely boil down to a single root cause. Some traders don’t even take these timely events into account. But if we had to choose only one prime suspect – the unexpected catalyst for most other drama – would be the Bank of England (BOE).

The BOE ?! Is it even important at rates in the United States?

Yes, in fact, there is a strong correlation between bond yields in the United States and Europe. Each will take turns drawing inspiration from the other. Correlations are particularly noticeable when one of the major central banks triggers a large variation in the yields of the sovereign debt of the country concerned.

In other words, if the BOE does something to bring UK bonds down sharply, it will almost always result in at least some downward pressure on US bond yields. With that in mind, let’s take a look at another version of the chart above. This time, we’ll take a look at the outright change in US 10-year yields since Tuesday, and compare it to the outright change in UK 10-year yields.

20211105 nl4.png

On the contrary, the US bond market was trying to resist the attraction of the UK bond market on Thursday. When the onslaught continued on Friday, it forced traders to close (or “hedge”) bets on higher yields (aka “short positions”). The result is known as a “short squeeze”, and its momentum is only limited by the number of short positions in the market (and there were a ton of them).

At the end of the line : a series of surprisingly favorable events for UK bonds spread and put downward pressure on US yields. US traders weren’t prepared for yields to fall so low and therefore were forced to capitulate by buying more bonds (which pushes yields even lower) in order to close their short positions. Finally, if we had any doubts about the British inspiration, we can simply observe the red line falling more than twice as much as the blue line since Tuesday.

In a much larger picture, we can also keep an eye out for changes in the relationship between covid and the market. To some extent, we are seeing a similar pattern to that seen earlier in 2021, when the number of cases has stopped falling and rates have stopped rising.

20211105 nl1.png

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Redfin reports higher mortgage rates heighten buyers’ urgency Fri, 05 Nov 2021 18:46:00 +0000

SEATTLE, November 5, 2021 / PRNewswire / – (NASDAQ: RDFN) – Home prices have increased unusually and rapid sales became more common in October, according to a new report by Redfin (, technology-based real estate brokerage. The national median selling price during the four week period ending October 31 increased 13% from the same period last year and 1.5% from three weeks earlier. This compares to an increase of 0.1% from the same period in 2019.

Mortgage rates edged down last week, but are up 30 basis points since August and the share of homes sold in a week has risen to 33%, up 2.2 percentage points since September 12. During the same period in 2019, the share of homes sold in one week fell by 1.2 points.

“Rising mortgage rates have started a fire under many buyers,” said Redfin chief economist Daryl Nice weather. “The fear of missing out (FOMO) is still a powerful force in this supply-constrained housing market, but especially today for buyers who haven’t been able to own a home last year before. that mortgage payments increase by 15%. With this FOMO renewal, the housing market is heating up after the slight lull of a few months ago. “

Highlights of the housing market for over 400 metropolitan areas in the United States:
Unless otherwise indicated, this data covers the four-week period ending October 31. Redfin’s housing market data goes back to 2012.

  • The median home selling price rose 13% year over year to $ 357,007. This is an increase of 30% from the same period in 2019 and 1.5% since the end of the four week period. October 10. During the same period in 2019, prices were essentially stable (+ 0.1%) and in 2020 house prices increased by 0.4%.
  • Asking prices for newly listed homes increased 12% from the same period a year ago and 27% from 2019 to reach a median of $ 357,381.
  • Pending home sales increased 5% year-on-year and 51% compared to the same period in 2019.
  • New listings of homes for sale were down 7% from the previous year, but up 8% from 2019.
  • Active listings (the number of homes listed for sale at any time during the period) decreased 22% from 2020 and 40% from 2019.
  • 45% of homes under contract had an accepted offer within the first two weeks on the market, above the rate of 41% a year earlier and the rate of 30% in 2019. Since the end of the four-year period weeks September 19, the share of homes under contract within two weeks is up 1.6 percentage points. During the same period in 2019, the share fell by 1.2 points.
  • 33% of houses that entered into a contract had an offer accepted within a week of entering the market, compared to 29% during the same period a year earlier and 19% in 2019. Since the end of the period of four weeks September 12, the share of housing under contract in less than a week is up 2.6 percentage points. During the same period in 2019, the share fell by 1.2 points.
  • Homes sold were on the market for a median of 23 days, a full week longer than the historic 16-day low seen in late June and July, down from 31 days a year earlier and 45 days in 2019.
  • 45% of homes sold above the list price, up from 35% a year earlier and 22% in 2019.
  • On average, 4.7% of homes for sale each week saw price decline, up 1.1 percentage points from the same period in 2020, up 0.1 percentage point from 2019.
  • The average sale-to-list price ratio, which measures how well homes are selling for their asking prices, was stable at 100.6%. In other words, the average home has sold 0.6% above its asking price.

Other leading indicators of home buying activity:

  • Mortgage purchase requests fell 2% week-over-week (seasonally adjusted) in the week ending 29 october. For the week ending November 4, 30-year mortgage rates fell to 3.09%.
  • Of January 1 to October 31, home visits rose 0.2%, up from a 9% increase from the same period last year, but larger than the -2% change in 2019, according to the visiting technology company at ShowTime home.
  • Redfin homebuyers demand index fell 2.2 points in the week ending October 31, and was up 14% from the previous year.

To view the full report, including charts and methodology, please visit:

About Redfin
Redfin ( is a technology-driven real estate company. We help people find housing through brokerage, Instant Home Buyers (iBuying), rentals, loans, title insurance and renovations. We sell houses for more money and charge half the cost. We also manage the first real estate brokerage site in the country. Our homebuying clients see homes with on-demand tours first, and our loan and title services help them close quickly. Customers selling a home can receive an instant cash offer from Redfin or have our home improvement team fix their home to sell it for the best price. Our rental business enables millions of people across the country to find apartments and houses for rent. Since our launch in 2006, we have saved more than $ 1 billion in committee. We serve over 100 markets across the United States and Canada and employs over 6,000 people.

For more information or to contact a local Redfin real estate agent, visit To learn more about housing market trends and download data, visit Redfin Data Center. To be added to Redfin’s press release mailing list, send an email [email protected]. To consult the Redfin press center, Click here.


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Amerant announces new outsourcing relationship with FIS Thu, 04 Nov 2021 20:36:00 +0000

Will result in significant cost savings and improved operational efficiency

CORAL GABLES, Fla., November 04, 2021 (GLOBE NEWSWIRE) – Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (“Amerant”) today announced that Amerant Bank, NA, its principal operating subsidiary and l ‘one of the largest community banks headquartered in Florida (the “Bank”), has entered into a new multi-year outsourcing agreement with financial technology leader FIS® (NYSE: FIS), the world’s largest technology provider banking and payment services, in order to assume full responsibility for a large number of Bank support functions and staff, including certain back-office operations. Under this new outsourcing relationship, the Bank expects to achieve estimated annual savings of approximately $ 12 million, while achieving greater operational efficiency and providing advanced solutions and services to its clients.

By partnering with FIS for the duration of this multi-year agreement, Amerant is leveraging FIS’s expertise to create powerful service capabilities for its customers and reduce Amerant’s operating expenses by outsourcing 90 workstations. at FIS.

“FIS offers best-in-class integrated banking services as well as next-generation digital banking solutions, making us a destination for innovators like Amerant Bank” said Bruce Lowthers, FIS President. We are delighted to partner with a financial institution dedicated to community banking services and delivering a superior digital experience to their customers through our services and solutions. ”

“We are delighted to begin this relationship with FIS and the positive impact it will have on our operations by dramatically improving efficiency. We are very optimistic about this new phase of our business transformation journey, ”said Jerry Plush, Vice President and CEO, Amerant. “We believe this partnership will allow us to meet our operational efficiency goals more quickly and continue to grow our business profitably. “

Caution Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, including statements regarding the outsourcing arrangement with FIS, our ability to achieve savings and greater efficiency. operational and to achieve our efficiency targets, as well as statements regarding the Company’s goals, expectations and intentions and other statements that are not historical facts. All statements other than statements of historical fact are statements which may be forward-looking statements. You can identify these forward-looking statements by using words such as “could”, “will”, “anticipate”, “assume”, “should”, “indicate”, “want”, “believe”, “contemplate,” “anticipate” “,” Estimate “,” continue “,” plan “,” point to “,” project “,” could “,” intend “,” target “,” objectives “,” outlook “,” model “” devoted ”,“ create ”and other similar words and phrases from the future.

Forward-looking statements, including those relating to our new outsourcing relationship with FIS and the expected benefits of this relationship, as well as other statements regarding our beliefs, plans, objectives, goals, expectations, expectations, estimates and intentions, imply risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performances, achievements or financial position of the Company to be materially different from the future results, performances, achievements or financial position expressed or implied by these looking statements. You should not rely on forward-looking statements as predictions of future events. You should not expect us to update any forward-looking statements, except as required by law. All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement, as well as the risks and uncertainties described in the “Risk Factors” section of our annual report on Form 10-K for the year ended. the 31st of December. , 2020, in our quarterly report on Form 10-Q for the quarter ended June 30, 2021 and in our other documents filed with the United States Securities and Exchange Commission (the “SEC”), which are available on the website SEC Web www.sec. govt.

About Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB)
Amerant Bancorp Inc. is a banking holding company headquartered in Coral Gables, Florida since 1979. The Company operates its business through its principal subsidiary, Amerant Bank, NA (the “Bank”), as well as its other subsidiaries: Amerant Investments, Inc., Elant Bank and Trust Ltd. and Amerant Mortgage, LLC. The Company provides deposit, credit and wealth management services to individuals and businesses in the United States, as well as to certain international clients. The bank, which has been in existence for over 40 years, is the second largest community bank headquartered in Florida. The Bank operates 24 banking centers – 17 in South Florida and 7 in Houston, Texas. For more information, visit

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