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After flatlining the week before, mortgage demand rose last week, despite mortgage rates increasing for the fourth straight week. Total application volume climbed 1.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Applications for a mortgage to purchase a home rose 2% for the week but were 1% lower than the same week one year ago. Purchase demand was driven by conventional and FHA loans, with FHA purchase applications seeing a 7% increase. Mortgage rates are about flat so far this week, according to a separate survey from Mortgage News Daily.

Persons: ”, Joel Kan, Matthew Graham Organizations: Mortgage, Mortgage News Locations: Ukraine, Russia

☆ Weekly mortgage demand inched up, despite higher interest rates. Here's why.
▼ + stars: | 2024-11-20 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

After flatlining the week before, mortgage demand rose last week, despite mortgage rates rising for the fourth straight week. Total application volume increased 1.7% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications for a mortgage to purchase a home rose 2% for the week but were 1% lower than the same week one year ago. Purchase demand was driven by conventional and FHA loans, with FHA purchase applications seeing a 7% increase. Mortgage rates are about flat so far this week, according to a separate survey from Mortgage News Daily.

Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Mortgage News, U.S Locations: Ukraine, Russia

But the decline in support for Ms. Harris in some of the country’s most liberal areas is particularly notable. For example, in Fulton County, which contains most of Atlanta, Ms. Harris gained about 4,500 votes, but Mr. Trump gained more than 7,400. He similarly outran Ms. Harris where she made gains in Wake County, N.C., Lancaster County, Pa., and Montgomery County, Texas. In Milwaukee County in swing-state Wisconsin, Ms. Harris lost 1,200 voters compared with Mr. Biden’s total in 2020, while Mr. Trump gained more than 3,500. But he lost votes, as did Ms. Harris, in majority-Black counties, especially those in the South where turnout dropped overall.

Persons: Harris, Biden, Donald Trump, Kamala Harris’s, Joseph R, Iowa Kan, Trump, Larry Sabato, Mr, Sabato, “, Trump Harris, Eli Murray, Elena Shao, Charlie Smart, Christine Zhang, Biden’s, Christine Zhang Ms, Joel Benenson, Barack Obama’s, ” Mr, Benenson, Harris Trump, John McLaughlin, pollster, McLaughlin, ” Organizations: Trump, New York Times, Hawaii Idaho Ill, N.D . Ohio Okla, D.C, Biden, Mr, Harris Trump, Democratic, Lean Democratic, Lean Republican, Center, Politics, University of Virginia, Florida’s Miami, Republican, Republicans, Harris Trump Arizona, Indiana, Nebraska, Washington, of Columbia Locations: Ala, Alaska, Calif, Colo, Conn, Del, Fla . Ga, Hawaii Idaho, Ind, Iowa, Ky, La . Maine Md, Mass, Mich, Minn, Miss, Mo, Mont, Neb, N.H . N.J, N.M, N.Y, N.C, N.D . Ohio, N.D . Ohio Okla ., Pa, S.D . Tenn . Texas Utah, Va, Wash, W.Va . Wis, Wyo, Chicago, Los Angeles and New York, Texas, Florida, New Jersey, New York, Georgia, Fulton County, Atlanta, Wake County, Lancaster County, Montgomery County , Texas, Milwaukee County, Wisconsin, Milwaukee, Charlotte, Flint, Scranton, Dade County, Miami, Fresno County, Pinellas County, Fla, Black, Michigan, Nevada, Carolina, Alabama, Arkansas, California, Colorado, Connecticut, Delaware, Hawaii, Idaho, Illinois, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Hampshire, Jersey, Mexico, York, Dakota, Ohio, Oklahoma, Oregon, Tennessee, Utah, Vermont, Virginia, Wyoming

Mortgage rates continued to climb last week as investors considered the future of the economy under a Trump presidency. The mortgage market basically took a breather. “Mortgage rates continued to increase last week, driven by higher Treasury yields as financial markets digested the likely impacts of a Trump presidency,” said Joel Kan, the Mortgage Bankers Association’s deputy chief economist. Last year at that time, mortgage rates were 75 basis points higher. “FHA mortgage rates bucked the overall trend and were lower over the week, which likely helped some borrowers,” Kan said.

Persons: Trump, ”, Joel Kan, Kan, ” Kan, Matthew Graham Organizations: Mortgage, “, Trump, Federal Housing Administration, U.S . Department of Veterans Affairs, Veterans, Mortgage News

☆ Weekly mortgage demand tanks 11% as interest rates surge higher
▼ + stars: | 2024-11-06 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage rates rose again last week, pulling demand from both the refinance and purchase markets. Total mortgage application volume dropped 10.8% compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications for a mortgage to purchase a home decreased 5% for the week and were just 2% higher than the same week one year ago. Mortgage rates, however, are pricing some buyers out again, and concern over the economy and the election may have some sitting on the sidelines right now. Mortgage rates were essentially flat to start this week, and whatever the results, or nonresults of the election, will surely play into recent volatility.

Persons: Joel Kan, Kan Organizations: Mortgage, Federal Reserve Locations: Alhambra , California

☆ Mortgage demand stalls as interest rates surge higher ahead of election
▼ + stars: | 2024-10-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage rates rose last week for the fourth time in five weeks, causing another pullback in refinancing. Total mortgage application volume was essentially flat, falling 0.1% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Government refinances accounted for a large part of the decrease, dropping 12 percent over last week," wrote Joel Kan, an MBA economist, in a release. Real estate brokerages have reported a surge in interest from homebuyers recently, as the supply of homes for sale has increased. Mortgage rates moved higher to start this week.

Persons: Government refinances, Joel Kan, brokerages, Matthew Graham Organizations: Mortgage, Mortgage News Locations: Atlanta , Georgia, refinances, Government

Ad views per household For presidential and non-presidential TV ads, Aug. 1 to Oct. 25 Ads for Harris Ads for Trump Other Dem. Ads for Harris Ads for Trump Alaska Fla. Other Dem. Hawaii Ad views per household For presidential and non-presidential TV ads, Aug. 1 to Oct. 25 Other Rep. ads Ads for Harris Ads for Trump Other Dem. Alaska Fla. Hawaii Ad views per household For presidential and non-presidential TV ads, Aug. 1 to Oct. 25 Ads for Harris Ads for Trump Other Dem. TV ad views Ads for Harris Ads for Trump Other Dem.

Persons: Harris, Idaho Conn, Mo ., Kamala Harris, Donald Trump, outspending Mr, Trump, ”, Lynn Vavreck, Ruben Gallego, Republican Kari Lake, Ted Cruz, Colin Allred, ’, Erika Franklin Fowler, ” Fowler, FiveThirtyEight, Vavreck, John Sides, Christopher Warshaw, David Broockman, Ms, Willie Horton, George H.W, Bush, Hillary Clinton Organizations: Won, Harris Ads, Trump Other, ., Ind, Delaware ., W.Va, Trump Alaska Fla, AdImpact, Comscore, Democratic, Republican, Google, Wesleyan Media, Democrat, Democrat Independent, Neb . Ohio Texas Ariz, Democrats ’, Senate, Wesleyan University, Democrat Republican, Pa, Colo ., Colo, Iowa, Health, Harris Trump Immigration, Security, ’, Republicans, Mr Locations: Maine, . Vt, Minn, N.Y, Conn, Mich, Wis . Iowa Ohio, . Pa, R.I . Ill, Del, Mo, Ky . Va . Md, N.C, Tenn, Ark, New Jersey, Delaware, S.C . Miss ., La, Fla, Georgia, Trump . Montana, Mont, N.D, Ore . Idaho, Neb, Nev . Utah Colo, Calif, Kan, Ariz . Texas Alaska Hawaii Montana, N.H . Vt, Ore, Idaho, S.D, Wis, Wyo, R.I . Iowa Ohio, Delaware . Ind, Ill . Utah Colo, Mo . Kan . Va . Ky . Md, N.M, Okla . Tenn, . Ala, Texas, Trump . Hawaii, Mass, S.D . Mich, Wyo . Iowa Ohio, Nev . Ill, Ind . Utah Colo, Mo . Kan, Texas La, Alaska Fla, Hawaii, Ala, Ariz . Texas Alaska Hawaii, Trump’s, Philadelphia, Pennsylvania, — Montana , Ohio, Pa . Wis . Ohio, . Texas, Nev, Neb . Ohio, Pa, Arizona, Alaska, Iowa, Va, Berkeley, Siena

Israel’s Knesset opened its winter session on Monday against a backdrop of war in Gaza and Lebanon and after an Israeli strike on Iran on Saturday. UNRWAThe Knesset was set to debate on Monday bills that would make it illegal for Israeli officials to cooperate with UNRWA, the main U.N. agency that aids Palestinians. The bills would effectively shut down the agency’s work in Gaza, the West Bank and East Jerusalem within 90 days. According to the Jerusalem Post, the first bill states that UNRWA could no longer operate in Israel, while the second would abrogate the treaty that underpins the relationship between UNRWA and Israel. The Knesset has already voted in favor of advancing the bill and it is being prepared for a second and third reading.

Persons: Benjamin Netanyahu’s, Netanyahu’s, Netanyahu, Yoav Gallant, Gallant, Yuli Edelstein, Kan, Mr, Edelstein, Israel’s, Matthew Miller, UNWRA, Adalah Organizations: Likud, Division, Lawmakers, UNRWA, West Bank, United Nations, Department, Police Locations: Gaza, Lebanon, Iran, Israel, East Jerusalem, Jerusalem, Canada, France, Germany, Australia, United Kingdom, United States

☆ Many Wells in North Carolina Remain Unsafe After Hurricane Helene
▼ + stars: | 2024-10-25 | by ( Mira Rojanasakul | Hiroko Tabuchi | ) www.nytimes.com time to read: +8 min

Many Wells in North Carolina Remain Unsafe After Helene's DelugeWeeks after Hurricane Helene ravaged western North Carolina with a record downpour, many people still do not have clean drinking water. Wilmington Greensboro Raleigh Asheville NORTH CAROLINA Charlotte Fayetteville Density of private wells Wilmington About a third of households in counties with FEMA disaster declarations rely on private wells for water. Raleigh Asheville NORTH CAROLINA Charlotte Density of private wells Wilmington About a third of households in counties with FEMA disaster declarations rely on private wells for water. N.C. Density of private wells About a third of households in counties with FEMA disaster declarations rely on private wells for water. In North Carolina, a third of residents draw on local groundwater from pumps that they alone must test and maintain.

Persons: Hurricane Helene, Jeaneanne Gettle, ”, “, Hurricane Florence, Helene, Kelsey Pieper, Mo ., S.C, Hartwell Carson, “ That’s, Pieper Organizations: Asheville Nags, Greensboro Durham Raleigh Charlotte Fayetteville Wilmington Nags, Greensboro Durham, Greensboro Durham Raleigh Asheville NORTH, FEMA, Wilmington Nags, Greensboro Raleigh, Greensboro Raleigh Asheville NORTH, Wilmington Greensboro Raleigh Asheville NORTH, Raleigh Asheville NORTH, . Environmental, Federal Emergency Management Agency, Private, Environmental Protection Agency, The New York Times, North Carolina Department of Health, Human Services, Northeastern University, Hurricane, Northeastern, Minn ., Neb . Ohio Nev, Ill . Utah Colo, MISS, ALA, TEXAS, Ore, Ill . Utah Md, ., Del . Utah W.Va, Ill . Utah W.Va, S.C . MISS, Waterkeeper Alliance Locations: Wells, North Carolina, United States, Asheville, Greensboro Durham Raleigh Asheville, Fayetteville, Wilmington, Greensboro Raleigh Asheville, Wilmington Greensboro Raleigh Asheville, Raleigh Asheville, Raleigh Asheville NORTH CAROLINA, Raleigh Asheville N.C, Charlotte, N.C, Florence, Wash . Maine, N.D, Vt, N.H, Minn, Minn . Idaho, S.D . Wis, N.Y, Wyo, Mich, Conn, R.I . Iowa, Pa, Neb . Ohio, Md, Del . Ind, Ill . Utah, W.Va . Va . Calif, Kan, Mo, Ky, Tenn, Ariz, ., TEXAS LA, alaska FLA, hawaii, . Maine, Mont, N.H . Idaho, R.I . Mich, Pa . Iowa, W.Va, Colo . Va, Mo . Kan, Calif, Okla, MISS . TEXAS LA, Maine, Mont . Vt, Ore, Wis, S.D, R.I, Nev . Ohio, Del . Utah Md, Colo, W.Va . Va, Okla ., S.C ., Nev . Ohio Md, Ind, Del . Utah, Mass, Idaho, Mo . Kan . Va . Ky, Ore . Idaho, Kan . Va, R.I . Iowa Pa . N.J, . Texas LA, U.S

☆ Weekly mortgage demand tanks 17%, after interest rates hit the highest level since August
▼ + stars: | 2024-10-16 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage interest rates rose last week for the third straight week, hitting the highest level since August. Total mortgage application volume fell 17% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Refinance demand, which is most sensitive to weekly rate moves, fell the hardest, down 26% week-to-week. Applications for a mortgage to purchase a home fell 7% for the week but were 7% higher than the same week one year ago. The recent rise in mortgage rates may have slowed the resurgence in refinancing, but homebuyers may be less concerned about interest rates today and more concerned about the shape of the economy in the coming months.

Persons: Joel Kan Organizations: Mortgage

☆ A quant research leader from Two Sigma's vaunted 'techniques' squad is leaving for Cubist
▼ + stars: | 2024-10-16 | by ( Alex Morrell | ) www.businessinsider.com time to read: +4 min

A senior Two Sigma quant researcher is leaving for Cubist. Kan Huang co-led a key machine-learning unit known as techniques forecasting. Jin Choi, Huang's interim cohead, has been named sole head of the long-running techniques group. AdvertisementA senior leader in one of Two Sigma's key research units is leaving the firm for quant rival Cubist Systematic Strategies, according to people familiar with the matter. Huang is a leader of a Two Sigma unit that develops machine-learning models and other advanced strategies from various data sources and trading signals.

Persons: Kan Huang, Jin Choi, —, Steve Cohen's, Huang, Ken Baron, Choi, John Overdeck, David Siegel, Scott Hoffman, Carter Lyons, Ali, Milan Nekmouche, Jian Wu Organizations: Sigma, Service, Bloomberg, Sigma Investments, Securities and Exchange Commission, Wall Street

☆ Gaza: After mulling siege plan, Israel ramps up military push in north of enclave
▼ + stars: | 2024-10-12 | by ( Mick Krever | ) edition.cnn.com time to read: +7 min

Four sources have told CNN that the Israeli cabinet has not adopted the siege proposal put forward by retired general Giora Eiland. Eiland last month proposed forcing all civilians out of northern Gaza, including Gaza City, and then cutting off all supplies to the area. The World Food Programme told CNN on Friday that no food trucks had entered northern Gaza since the start of the month. Palestinians in northern Gaza say that this week has brought some of the most intense military action of the war. Meanwhile, seven attempts this week by the World Health Organization to reach northern Gaza were “denied or impeded,” Director-General Dr. Tedros Adhanom Ghebreyesus said Thursday.

Persons: Benjamin Netanyahu, Giora, Eiland, –, ” Eiland, Yahya Sinwar’s, ”, General Gershon Hacohen, Omer Bartov, CNN Eiland, Lahia –, Al Mawasi, Avichay Adraee, Salah al, Netanyahu, Kan, Mohammad Ibrahim, Mahmoud Issa, ” Ibrahim, Dr, Hussam Abu Saifiya, Kamal Adwan, Al Awda, “, Tedros Adhanom Ghebreyesus Organizations: CNN, Israel Defense Forces, Brown University, Rhode Island ., Food Programme, “, ” CNN, Generals, Hospital, World Health Organization, ” Locations: Gaza, Jabalya, Israel’s, Eiland, Gaza City, Israeli, Rhode Island, Gaza’s, Israel, Al, Ahli

☆ Israeli politics swirl as Hezbollah conflict ramps up
▼ + stars: | 2024-09-27 | by ( Mick Krever | ) edition.cnn.com time to read: +10 min

“It’ll take him months on end to train for the job,” said Gadi Eisenkot, a highly respected former Israeli military chief and member of the opposition. Policy and domestic politics are impossible to separate in any democracy, but especially in Netanyahu’s Israel – and especially now. Remarkably, Netanyahu held a security consultation on Wednesday but did not invite his defense minister, an Israeli official told CNN. Hezbollah says that it’s attacking Israel in solidarity with the Palestinian people in Gaza; Israel wants to get Hezbollah to stop firing even without a Gaza ceasefire and hostage deal. With both the Philadelphi Corridor and Hezbollah, Netanyahu’s critics have questioned why, if they were so critical, he waited months to raise the stakes over those issues.

Persons: Benjamin Netanyahu, Yoav Gallant, Gideon Sa’ar, “ It’ll, ”, Gadi Eisenkot, –, Gallant, Netanyahu, Israel –, Itamar Ben, Gvir, Ben Gvir, Ben Gvir’s, Abir, ” Eyal Hulata, “, ’, ” Gallant, Baz Ratner, it’s, ” Gilad Malach, Netanyahu’s, ” Malach, Damocles, Sa’ar, Bezalel Smotrich, Ammar Awad, Reuters Eisenkot, I’m, Gallant –, Malach, Michael Shemesh, Kan, ” Shemesh Organizations: Israel CNN, CNN, Reuters, Foundation for Defense of Democracies, IDF, Israel Defense Forces, Israel Democracy Institute, National Security, Finance, General Staff Locations: Tel Aviv, Israel, Lebanon, Gaza, United States, Abir Sultan, ” Lebanon, Egypt, Israeli, New York

☆ Mortgage refinance boom takes hold, as weekly demand surges 20%
▼ + stars: | 2024-09-25 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings. Applications to refinance a home loan surged 20% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "As a result of lower rates, week-over-week gains for both conventional and government refinance applications increased sharply." Mortgage applications to purchase a home rose just 1% for the week and were 2% higher than the same week one year ago. Mortgage rates haven't moved much to start this week, and will likely wait for more pressing economic data later this week and at the start of October.

Persons: Joel Kan, Kan Organizations: Mortgage Locations: San Rafael , California

☆ Netanyahu considering plan to force all Palestinian civilians out of northern Gaza to besiege Hamas
▼ + stars: | 2024-09-22 | by ( Mick Krever | ) edition.cnn.com time to read: +5 min

CNN —Israeli Prime Minister Benjamin Netanyahu is considering a plan to force all Palestinian civilians out of northern Gaza, including Gaza City, in order to lay siege to Hamas and force the release of hostages. The plan does not mention whether, when, or how civilians would be allowed to return to northern Gaza. The idea comes from a group of retired Israeli military generals, who have formally presented it to the Israeli cabinet and a powerful parliamentary committee. “The right thing to do is to inform the approximately 300,000 residents who remained in the northern Gaza Strip, citizen residents, of the following: Not that we are suggesting you leave the northern Gaza Strip, we are ordering you to leave the northern Gaza Strip.”“In a week, the entire territory of the northern Gaza Strip will become military territory. The plan does not tackle the question of whether Palestinians could ever return to northern Gaza, one of its backers told CNN.

Persons: Benjamin Netanyahu, Giora, Kan, Netanyahu, ”, –, General Gershon Hacohen, ’, Meirav Cohen Organizations: CNN, Israeli, Knesset’s Foreign Affairs, Defense, Israel Defense Forces ’, National Security Council, Reserve Fighters, Israel Defense Forces, Office, Yesh Locations: Gaza, Hamas

CNN —A senior adviser to Israeli Prime Minister Benjamin Netanyahu has presented to the Biden administration a new proposed ceasefire and hostage deal with Hamas, an Israeli official told CNN. Reactions to the proposal have widely been that it will be a non-starter for Hamas, which has not commented on it. It is unclear whether the proposal addresses the presence of Israeli troops in Gaza after a ceasefire and hostage deal – a key sticking point in stalled negotiations. The Hostages Families Forum, which has been scathing about Netanyahu’s approach to hostage negotiations, welcomed the proposal. They cited Israel’s assassinations of Hamas leaders in foreign capitals, and said they believed Sinwar would prefer to die fighting Israel than to leave Gaza.

Persons: CNN —, Benjamin Netanyahu, Biden, Gal Hirsh, Netanyahu, Yahya Sinwar, Kan, Joe Biden’s, Hirsh, Roger Carstens, Gershon Baskin, Sinwar, ”, ” Baskin, Hitler, ” Hirsh Organizations: CNN, Hamas, Families, United Nations General Assembly Locations: Gaza, Israel, Israeli, Lebanon, New York, “

Mortgage rates came down again last week, and with the expectation that they could fall further, mortgage demand suddenly jumped, especially for refinancing. The Federal Reserve is expected to make its first interest rate cut in four years on Wednesday, and while mortgage rates don’t follow the Fed exactly, they are influenced by policy. “The most important takeaway is that lower mortgage rates are not only not remotely guaranteed by [the] Fed rate cut. “Application activity was up significantly last week, as market expectations of a rate cut from the Fed pulled mortgage rates lower,” said Joel Kan, an economist with the Mortgage Bankers Association. “Homebuyers are seeing improving affordability conditions, sparked by lower rates and slower home-price growth.”

Persons: Jerome Powell’s, They’re, ”, Matthew Graham, Joel Kan, ” Kan, “ Organizations: Federal, Mortgage News, Mortgage, Labor, Fed, Association

☆ Kansas cult leaders convicted of forcing children to work 16-hour days without pay
▼ + stars: | 2024-09-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

After a 26-day trial, jurors convicted all six defendants of conspiracy to commit forced labor. One of the six, Kaaba Majeed, 50, also was convicted of five counts of forced labor. Prosecutors said the group, which was labeled a cult by a federal judge in 2018, beat children and imposed severe dietary restrictions. Jenkins, who died in 2021, had been a member of the Nation of Islam until 1978, when he founded the separate United Nation of Islam. Two other co-defendants previously pleaded guilty to conspiracy to commit forced labor.

Persons: Royall Jenkins, Majeed, Stephen Cyrus, Prosecutors, Jenkins, Judge Daniel Crabtree, Yunus Rassoul, James Staton, Randolph Rodney Hadley, Daniel Aubrey Jenkins, Dana Peach Organizations: KANSAS CITY, Kan, United, of, U.S . Department of Justice, “, of Islam, University of Arts and Logistics of Locations: KANSAS, Kansas, Kansas City , Kansas, Kansas City, New Jersey , New York , Ohio, Maryland, Georgia, North Carolina

☆ Weekly mortgage demand surges 14% higher as interest rates hit two-year low
▼ + stars: | 2024-09-18 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage rates came down again last week, and with the expectation that they could fall further, mortgage demand suddenly jumped, especially for refinancing. The Federal Reserve is expected to make its first interest rate cut in four years on Wednesday, and while mortgage rates don't follow the Fed exactly, they are influenced by policy. "The most important takeaway is that lower mortgage rates are not only not remotely guaranteed by [the] Fed rate cut. Even with this large jump in volume, it is coming off a very low base, as the vast majority of borrowers have loans with interest rates well below 5%. "Homebuyers are seeing improving affordability conditions, sparked by lower rates and slower home-price growth."

Persons: Jerome Powell's, They're, Matthew Graham, Joel Kan, Kan Organizations: Federal, Mortgage News, Mortgage, Labor, Fed, Association

☆ Israeli commander to resign after being accused of failing to prevent October 7
▼ + stars: | 2024-09-12 | by ( Jennifer Hauser | Lauren Izso | ) edition.cnn.com time to read: +2 min

CNN —An Israeli intelligence commander, who critics say played a pivotal role in failing to prevent the October 7 attacks, is resigning, Israel’s military told CNN. Later that month, Israeli Prime Minister Benjamin Netanyahu also received sharp public criticism after he accused security chiefs in a later-deleted social media post of failing to warn him about the impending attack. In a May interview with Dr. Phil McGraw on the “Dr. We have to admit that,” Netanyahu told Dr. Phil. When asked if he held himself to that standard and failed in some way he added, “I hold myself and everyone on this.

Persons: Yossi Sariel, “, Kan, ” Kan, Shin Bet, ”, ” Shin, Ronan Bar, Benjamin Netanyahu, Phil McGraw, Phil, Netanyahu, ” Netanyahu Organizations: CNN, Israel Defense Forces, Kan Locations: Israeli, “, Israel

☆ Mortgage rates hit lowest level since February 2023
▼ + stars: | 2024-09-11 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

According to a report by the National Association of Realtors, pending home sales fell 1.5 percent in October to their lowest level in 20 years. (Photo by Justin Sullivan/Getty Images)Mortgage rates fell for the sixth straight week last week, but mortgage demand still seems to be waiting for something bigger. That is the lowest level since February 2023 and nearly a full percentage point lower than the same week one year ago. Total mortgage demand, however, rose just 1.4% for the week, according to the MBA's seasonally adjusted index. Mortgage rates continued to move lower to start this week, according to a separate survey by Mortgage News Daily, but the monthly release of the Consumer Price Index, a measure of inflation, on Wednesday could impact the direction of rates more sharply in either direction.

Persons: Justin Sullivan, Joel Kan, Kan, Matthew Graham Organizations: National Association of Realtors, Mortgage, Association, Treasury, Federal Reserve, Labor, Mortgage News Locations: CALIFORNIA, Larkspur , California

☆ Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year
▼ + stars: | 2024-08-14 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

It appears to have taken a few weeks for current homeowners to realize mortgage rates had dropped dramatically. Applications to refinance a home loan surged 35% last week, compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. While rates dropped just 1 basis point last week, they were down 33 basis points in the past four weeks. They were also 62 basis points lower than the same week a year ago. Mortgage rates started this week essentially flat, but that could change with the release of the government's monthly inflation report, the Consumer Price Index (CPI).

Persons: Joel Kan, Matthew Graham Organizations: Woodland, Lifestyle Homes, Mortgage, FHA, Index, Mortgage News Locations: Cold Springs , Nevada

☆ Weekly mortgage refinance demand soars 16% as rates sink to lowest level in over a year
▼ + stars: | 2024-08-07 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and especially current homeowners. Total mortgage application volume rose 6.9% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "Despite the downward movement in rates, purchase activity only saw small gains, with an increase in conventional purchase applications offset by decreases in government purchase applications. "This is how things often play out when the bond market forces a quick move to extreme rate levels. For example, several of the biggest drops in daily mortgage rates have followed quick moves to long-term highs," wrote Matthew Graham, chief operating officer at Mortgage News Daily.

Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Federal Reserve, Mortgage News Locations: Hawthorn Woods , Illinois

☆ AI won't kill your computer science degree, professors say
▼ + stars: | 2024-08-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Read previewGetting a computer science degree used to be a stable path for any college student looking to secure a tech job right after graduation. And if that wasn't enough, computer science majors don't just have to compete amongst themselves, they need to watch out for AI too. Computer science professors that BI spoke to said that earning a degree in the field is just as, if not more, valuable in the age of AI. Related storiesThis, Kan said, is because computer science isn't so much about coding as it is an approach to solving problems. AdvertisementDavid Malan, a computer science professor at Harvard, told BI that AI won't displace software engineers in the near term and would instead amplify their productivity.

Persons: —, Aditya Swami, Hatcher, Kan Min Yen, Kan, David Malan, Malan, Adrian Goh Organizations: Service, Big Tech, Business, National University of Singapore, Harvard, Engineers, Software Locations: Asia

The League 42 youth baseball league plans to unveil a replacement statue of Robinson crafted from the original mold Monday at a park in Wichita, Kansas. The city was shocked when the statue was cut from its base in January, leaving only the statue’s feet behind. He was sentenced to 18 months and ordered to pay $41,500 restitution for stealing the statue. The bronze cleats that were left behind when the original statue was stolen are now on display at the Negro Leagues Baseball Museum in Kansas City, Missouri. The cleat remains of the bronze Jackie Robinson statue in Wichita, Kan., Jan. 25, 2024.

Persons: Jackie Robinson, Ricky Alderete, Robinson, Kan, Mel Gregory, Alderete, “, ”, I’m, Joe Torre, Cy Young, Travis Heying Organizations: League, Brooklyn Dodgers, Firefighters, Major League Baseball, Former New York Yankees, Sabathia, Negro Leagues Baseball Museum, Wichita Eagle, Kansas City Monarchs, Negro Leagues Locations: Kan, Kansas, Wichita , Kansas, Wichita, Kansas City , Missouri

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