DIRS.INFO The most relevant business & tech news

4 Kansas extended its home winning streak to 18 games with a 64-61 win over No. Kansas (19-5, 7-4 Big 12) got 14 points from Dajuan Harris, 13 from KJ Adams and 11 from Johnny Furphy. Baylor (17-6, 6-4) was led by Yves Missi with 21 points and Walter with 17. Baylor again trimmed it to a one-possession game at 44-41, but a 9-1 Kansas run opened a double-digit lead. Kansas led by as many as 13 points in the first half before Baylor trimmed it to 34-28 at halftime.

Persons: LAWRENCE, Kan, — Hunter Dickinson, Nicolas Timberlake, Bill Self, “, ”, Scott Drew, “ We've, ” You'll, Patrick, Mahomes, Kevin McCullar, Timberlake, Drew, Dajuan Harris, KJ Adams, Johnny Furphy, that’s, Yves Missi, Walter, ” Dickinson, you've, couldn't, Kevin, Dickinson, We’re Organizations: Baylor, ” Baylor, Chiefs, Jayhawks, Bears, ” Kansas, Kansas, NEXT Baylor, Oklahoma, Texas Tech, AP Locations: Kansas, ” Kansas, Allen Fieldhouse . Kansas, ”, Houston, . Kansas, Oklahoma . Kansas

☆ Mortgage rates drop for fifth straight week
▼ + stars: | 2023-11-30 | by ( Anna Bahney | ) edition.cnn.com time to read: +5 min

It’s the fifth straight week rates have moved lower. The average mortgage rate is based on mortgage applications that Freddie Mac receives from thousands of lenders across the country. When Treasury yields go up, so do mortgage rates; when they go down, mortgage rates tend to follow. According to a forecast from Realtor.com, the average mortgage rate is projected to be 6.8% in the next year. “As mortgage rates are expected to remain elevated, current homeowners with low mortgage rates are expected to stay put, leading to a decline in for-sale inventory,” said Xu.

Persons: Freddie Mac, ”, Sam Khater, Freddie Mac’s, “, Khater, Jiayi Xu, Xu, ” Xu, Joel Kan, ” Kan Organizations: DC CNN —, Inflation, Federal, Realtor.com, Treasury, Mortgage, Association Locations: Washington

☆ Qualifying for a mortgage is getting harder, as credit availability is the tightest in a decade
▼ + stars: | 2023-08-08 | by ( Anna Bahney | ) edition.cnn.com time to read: +2 min

A decline in the Mortgage Credit Availability Index indicates that lending standards are tightening, while increases in the index would indicate loosening credit. Mortgage credit availability has been tightening since the spring, according to MBA, with a slight uptick in availability in June, when levels were essentially unchanged. Credit availability then fell again in July, to a decade low. In July, the conventional loan index, which examines non-government loan programs, decreased 0.5%. The government loan index, which examines Federal Housing Administration, Department of Veterans Affairs and US Department of Agriculture loan programs, was down by 0.1%.

Persons: Joel Kan, Freddie Mac, Fannie Mae, Kan, ” Kan Organizations: DC CNN, Mortgage Bankers Association, ICE Mortgage Technology, Mortgage, Housing Administration, Department of Veterans Affairs, US Department of Agriculture Locations: Washington

☆ Kansas suspends coach Bill Self for 4 games after FBI probe into college basketball corruption
▼ + stars: | 2022-11-02 | by ( The Associated Press | ) www.nbcnews.com time to read: +6 min

Self and Townsend also will miss games against North Dakota State and Southern Utah along with a high-profile showdown between the No. Self and Townsend will rejoin the team to face North Carolina State at the Battle 4 Atlantis in the Bahamas on Nov. 23. “We believe the actions we are announcing today move us closer to resolving this matter.”Making the Kansas case more complex, though, is the rapidly shifting landscape of college sports. “We look forward to commenting further when this process is fully resolved,” Girod said of the IARP process. “Until then, I want to reiterate our unwavering support of Coach Self and our men’s basketball program.”

The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Mortgage applications to purchase a home dropped 13% for the week and were a steep 37% lower year over year. With higher interest rates making an already pricey housing market even more expensive, homebuyers turned more to adjustable-rate mortgages, which offer a lower interest rate. Mortgage rates came down slightly this week, according to another survey from Mortgage News Daily, but all bets are off at the end of the week when the important monthly employment report is released. Depending on how investors view the results — and how the Federal Reserve might react to those results — mortgage rates could move decisively in either direction.

☆ Mortgage demand rises for the first time in six weeks despite sharply higher interest rates
▼ + stars: | 2022-09-21 | by ( Diana Olick | ) www.nbcnews.com time to read: +2 min

Mortgage application volume increased last week for the first time in six weeks, according to the Mortgage Bankers Association, despite a rise in interest rates. “The weekly gain in applications, despite higher rates, underscores the overall volatility right now as well as Labor Day-adjusted results the prior week,” Kan said. Mortgage rates shot even higher this week, according to a separate survey by Mortgage News Daily. Investors will be watching specifically for commentary not on a current rate hike but on what may be ahead. “The forecasts will amplify whatever volatility we already may have seen with the rate hike decision.

Search resuls for: "” Kan"

6 mentions found