Current 20 Year Mortgage Rates For All States at #canadian #mortgage #rates


#20 year mortgage

#

20-year Fixed Mortgage Rates

Refinancing homeowners may be attracted to 20-year loan terms, but these loans can also be valuable for homebuyers who want to save money and build equity more quickly.

“Loans with 20-year terms are more popular with refinances than purchases,” says Joel Kan, director of economic forecasting for the Mortgage Brokers Association in Washington, D.C. “Less than 1 percent of purchase applications were for loans with 20-year terms, compared to 7 percent for refinances.”

Twenty-year loans have declined a little in popularity for refinances, down from 8 percent in April 2014 compared to one year ago, but the share of 20-year loan applications has remained the same for buyers, according to Kan.

At Quicken Loans, 20-year mortgages represented about 6 percent of all loans in 2013 and are equally popular with move-up buyers and refinancing homeowners, says Bob Walters, chief economist for Quicken Loans in Detroit. He says few first-time buyers opt for a 20-year mortgage term because the payments are higher than a 30-year home loan.

Cameron Findlay, chief economist for Discover Home Loans in Irvine, California, says 20-year mortgages, primarily used for refinancing, are about 10 percent of their loan production.

Why choose a 20-year loan term

“The benefits of a 20-year term are that you pay down your principal more quickly and build your equity faster, which is great if you have to sell your home,” says Findlay. “The interest rate is a little lower than a 30-year home loan, and because you repay the loan over a shorter term you pay a lot less in interest.”

The difference in the mortgage rates between a 20-year and a 30-year loan varies, but averages about one-quarter to one-half of 1 percent, says Walters. For example, on a $200,000 30-year fixed-rate loan at 4.5 percent, you would pay $164,813 in interest, but with a 20-year loan at 4.25 percent, you would save $67,580 in interest along with 10 years of payments. However, your monthly payment will be $225 higher.

Qualifying for a 20-year mortgage

Qualifying for a 20-year loan requires documentation of your income and assets and similar credit score requirements to a 30-year mortgage, but you will have to factor in the higher payments to make sure your debt-to-income ratio doesn’t exceed 43 percent.

If you find that the payments on a 20-year loan will stretch your budget too much but you still want to pay off your mortgage faster, you have several alternatives. Findlay recommends making biweekly payments.

Alternatives to a 20-year home loan

For example, if you have a $200,000 30-year fixed-rate mortgage at 4.5 percent your mortgage principal and interest payment would be $1013 per month,” says Findlay. “If you split that into $506 biweekly payments you’ll save $28,000 in interest over the life of the loan and shave off about 53 months of payments.

“At Quicken Loans, customers can choose their own loan term from 8 to 30 years.

“Choosing a different loan term can be a psychological as well as a financial decision,” says Walters. “Our most popular term for refinancing baby boomers is the 8-year loan because they want to pay off their house before they retire, but the second most popular loan term is a 29-year loan. The payment is about 50 cents a day higher than a 30-year loan and yet you shave off a year of mortgage payments and save $7000 in interest on a $200,000 mortgage.”

The important thing for consumers to realize is that they don’t have to stick to a 30-year or 15-year home loan and that they can match their loan term to the payment that fits their budget, says Walters. He says borrowers should always be careful not to lock themselves into a payment that’s too high, especially if they lack cash reserves.

If you’re not ready to refinance or don’t want to pay closing costs, you can essentially make your mortgage any term you want with HSH.com s “It’s My Term ” calculator. Plug in your loan amount and test out the impact of sending extra money to your lender until you find the sweet spot where the monthly payments and loan payoff date meet your needs.

Current 20-year Mortgage Rates in California


Cherry Creek Mortgage – Cherry Creek Mortgage provides residential mortgage loans and information in 24


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Trusted by Those We Serve

“Cherry Creek Mortgage is the #1 mortgage company that we recommend to our clients.

My team has been in business for 16 years, and my business is strictly based on referrals. Who I trust with my clients’ needs is vitally important to my business.
Cherry Creek Mortgage is Great!”

“I have worked with CCMC for 6 years. Honesty, integrity, professionalism and communication are what I see in daily practice. CCMC ethics far outweigh any other decision, and that is the most valuable part of the real estate business.”

Home Search Tools

Home Scouting Report®

Cherry Creek Mortgage has partnered with the most powerful online Home Search Service in the business. Cherry Creek Mortgage offers you this website free of charge.

The Home Scouting Report® . provided by Home Buyer’s Marketing II (HBM II), a licensed real estate brokerage services company. This report will provide up-to-the-minute information on properties for sale, based on your search criteria. Click on the button below and start your home search today!

On a mobile device or tablet? Click on the appropriate button below download the Home Scouting App .

Search All The Listings!

Copyright © 2016 Cherry Creek Mortgage Co. Inc. Company NMLS ID #3001. All Rights Reserved. Some loan products may not be available in all states. Licensing: AZ: Mortgage Banker License #BK-0904024; CA: Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130289; IL: Illinois Residential Mortgage Licensee LMB # 0005759; KS: Kansas Licensed Mortgagee, License SL-0000472; MN: This is not an offer to enter into an agreement. Any such offer may only be made in accordance with Minn. Stat. 47.206(3) (4); NV: NV Mortgage Banker License #4195. NV Mortgage Broker License #4196; OR: License Number ML-4807; TX: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV .

CCMC is proud to offer Reverse Mortgages through our retail branches and division at 1st Reverse Mortgage USA. Promotional and advertising material for Reverse Mortgages is not from HUD or FHA and not approved by the Department of HUD or any Government Agency. HUD does not approve the material presented.

Cherry Creek Mortgage is not endorsed by, nor acting on behalf of or at the direction of the U.S. Department of Housing and Urban Development, Federal Housing Administration, the Veterans Administration, the U.S. Department of Agriculture or the Federal Government. This material is informational only and is not an offer to lend or recommend available products. This is not an advertisement to extend credit as defined by Regulation Z, nor an application for credit as defined by RESPA/Regulation X. All applications are subject to underwriting guidelines and approval based upon the credit, assets, value of subject property and borrower’s ability to repay. Not all applicants are eligible for or qualify for all loan products offered. All loan programs, terms and conditions are subject to change without notice, so please speak directly with your loan officer to learn more about specific loan program requirements and whether or not you qualify.

The Home Owner’s Market Report™ and Home Scouting Report® are free online home finding services provided directly to prospective homebuyers by Home Buyers Marketing II, Inc. a licensed real estate company and its real estate brokers as part of their ordinary real estate brokerage services. The role of the Preferred Lender is to work with the agent in the area of converting lost contacts to sales. The Preferred Loan Officer’s role is to assist in determining a comfortable home price range for Home Buyers Marketing II, Inc. to use when it is searching for property listings within the buyer’s search criteria. The Preferred Loan Officer is neither an employee of HBM II, nor the provider of the Home Owner’s Market Report® or Home Scouting Report®. ©2015 Home Buyers Marketing II, Inc.


Cherry Creek Mortgage – Cherry Creek Mortgage provides residential mortgage loans and information in 24


#cherry creek mortgage

#

Trusted by Those We Serve

“Cherry Creek Mortgage is the #1 mortgage company that we recommend to our clients.

My team has been in business for 16 years, and my business is strictly based on referrals. Who I trust with my clients’ needs is vitally important to my business.
Cherry Creek Mortgage is Great!”

“I have worked with CCMC for 6 years. Honesty, integrity, professionalism and communication are what I see in daily practice. CCMC ethics far outweigh any other decision, and that is the most valuable part of the real estate business.”

Home Search Tools

Home Scouting Report®

Cherry Creek Mortgage has partnered with the most powerful online Home Search Service in the business. Cherry Creek Mortgage offers you this website free of charge.

The Home Scouting Report® . provided by Home Buyer’s Marketing II (HBM II), a licensed real estate brokerage services company. This report will provide up-to-the-minute information on properties for sale, based on your search criteria. Click on the button below and start your home search today!

On a mobile device or tablet? Click on the appropriate button below download the Home Scouting App .

Search All The Listings!

Copyright © 2016 Cherry Creek Mortgage Co. Inc. Company NMLS ID #3001. All Rights Reserved. Some loan products may not be available in all states. Licensing: AZ: Mortgage Banker License #BK-0904024; CA: Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130289; IL: Illinois Residential Mortgage Licensee LMB # 0005759; KS: Kansas Licensed Mortgagee, License SL-0000472; MN: This is not an offer to enter into an agreement. Any such offer may only be made in accordance with Minn. Stat. 47.206(3) (4); NV: NV Mortgage Banker License #4195. NV Mortgage Broker License #4196; OR: License Number ML-4807; TX: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV .

CCMC is proud to offer Reverse Mortgages through our retail branches and division at 1st Reverse Mortgage USA. Promotional and advertising material for Reverse Mortgages is not from HUD or FHA and not approved by the Department of HUD or any Government Agency. HUD does not approve the material presented.

Cherry Creek Mortgage is not endorsed by, nor acting on behalf of or at the direction of the U.S. Department of Housing and Urban Development, Federal Housing Administration, the Veterans Administration, the U.S. Department of Agriculture or the Federal Government. This material is informational only and is not an offer to lend or recommend available products. This is not an advertisement to extend credit as defined by Regulation Z, nor an application for credit as defined by RESPA/Regulation X. All applications are subject to underwriting guidelines and approval based upon the credit, assets, value of subject property and borrower’s ability to repay. Not all applicants are eligible for or qualify for all loan products offered. All loan programs, terms and conditions are subject to change without notice, so please speak directly with your loan officer to learn more about specific loan program requirements and whether or not you qualify.

The Home Owner’s Market Report™ and Home Scouting Report® are free online home finding services provided directly to prospective homebuyers by Home Buyers Marketing II, Inc. a licensed real estate company and its real estate brokers as part of their ordinary real estate brokerage services. The role of the Preferred Lender is to work with the agent in the area of converting lost contacts to sales. The Preferred Loan Officer’s role is to assist in determining a comfortable home price range for Home Buyers Marketing II, Inc. to use when it is searching for property listings within the buyer’s search criteria. The Preferred Loan Officer is neither an employee of HBM II, nor the provider of the Home Owner’s Market Report® or Home Scouting Report®. ©2015 Home Buyers Marketing II, Inc.


United States Prime Rate #rate #mortgage


#prime mortgage rate

#

Prime Rate

The Current United States Prime Rate is: 3.5 %

July 27, 2016: The FOMC has voted to keep the
target range for the fed funds rate at 0.25% – 0.5%.
Therefore, the United States Prime Rate remains at 3.5%
The next FOMC meeting and decision on short-term rates
will be on September 21 ST. 2016.

The U.S. Prime Rate is a commonly used, short-term interest rate in the banking system of the United States. All types of American lending institutions (traditional banks, credit unions, thrifts, etc.) use the U.S. Prime Rate as an index or foundation rate for pricing various short- and medium-term loan products. The Prime Rate is consistent because banks want to offer businesses and consumers loan products that are both profitable and competitive. A consistent U.S. Prime Rate also makes it easier and more efficient for individuals and businesses to compare similar loan products offered by competing banks.

Each U.S. state does not have its own individual Prime Rate, so the New York Prime Rate or the California Prime Rate are in fact the same as the United States Prime Rate.

When the 4 largest bank holding companies in the United States (by assets) change their Prime Rate, this website, www.FedPrimeRate.com. will update its published U.S. Prime Rate. Currently, these four banks are:

  1. JPMorgan Chase Co.

  • Bank of America Corp.

    Providers of consumer and commercial loan products often use the U.S. Prime Interest Rate as their base lending rate, then add a margin (profit) based primarily on the amount of risk associated with a loan. Moreover, some financial institutions use Prime as an index for pricing certain time-deposit products like variable-rate Certificates of Deposit.

    It’s important to note that the Prime Rate is an index, not a law. Consumers and business owners can sometimes find a loan or credit card with an interest rate that is below the current Prime Lending Rate. Lenders will sometimes offer below-Prime-Rate loans to highly qualified customers as a way of generating business. Furthermore, below-Prime-Rate loans are relatively common when the loan product in question is secured, as is the case with home equity loans, home equity lines of credit and car loans.

    Every U.S. bank sets its own Prime Rate. However, the Prime Rate is invariably tied to America’s cardinal, benchmark interest rate: the Federal Funds Target Rate (or Fed Funds Target Rate [FFTR].) The FFTR is set by a committee within the Federal Reserve system called The Federal Open Market Committee (FOMC ). The FOMC usually meets every six weeks, and it is at these meetings that the FOMC votes on whether or not to make changes to the FFTR. When the FFTR changes, the United States (Fed) Prime Rate will also change. If the FOMC votes to make no changes to the FFTR, then the U.S. Prime Rate will also remain unchanged.

    Since the second quarter of 1994, a rule of thumb for the U.S. Prime Rate has been:

    The FOMC’s primary objectives are to keep inflation under control and maintain steady economic growth with maximum sustainable employment within the United States.

    The U.S. Prime Interest Rate is used by many banks to set rates on many consumer loan products, such as student loans, home equity lines of credit, car loans and credit cards. If you read or hear about a change to the U.S. Prime Rate, then any loan product that is tied to the Prime Rate will also change, like variable-rate credit cards or certain adjustable-rate mortgages.

    The Current Fed Prime Rate is: 3.5 %

    (the last rate change — an increase of 25 basis points
    [0.25 percentage point] — occurred on December 17, 2015)


  • 30-Year Fixed Rate Mortgage Average in the United States© – FRED – St #homeloans


    #50 year mortgage

    #

    30-Year Fixed Rate Mortgage Average in the United States© (MORTGAGE30US)

    (a) 30-Year Fixed Rate Mortgage Average in the United States©. Percent, Not Seasonally Adjusted (MORTGAGE30US)

    Data is provided “as is,” by Freddie Mac® with no warranties of any kind, express or implied, including, but not limited to, warranties of accuracy or implied warranties of merchantability or fitness for a particular purpose. Use of the data is at the user’s sole risk. In no event will Freddie Mac be liable for any damages arising out of or related to the data, including, but not limited to direct, indirect, incidental, special, consequential, or punitive damages, whether under a contract, tort, or any other theory of liability, even if Freddie Mac is aware of the possibility of such damages.

    Copyright, 2016, Freddie Mac. Reprinted with permission.

    Select a date that will equal 100 for your custom index:

    U.S. recession: or Enter date as YYYY-MM-DD

    Display integer periods instead of dates (e.g. -1,0,1. ) with the value scaled to 100 at period 0.

    Integer start/end to Copy to all

    Release: Primary Mortgage Market Survey

    Notes:

    Data is provided “as is,” by Freddie Mac® with no warranties of any kind, express or implied, including, but not limited to, warranties of accuracy or implied warranties of merchantability or fitness for a particular purpose. Use of the data is at the user’s sole risk. In no event will Freddie Mac be liable for any damages arising out of or related to the data, including, but not limited to direct, indirect, incidental, special, consequential, or punitive damages, whether under a contract, tort, or any other theory of liability, even if Freddie Mac is aware of the possibility of such damages.

    Copyright, 2016, Freddie Mac. Reprinted with permission.

    Suggested Citation:

    Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States© [MORTGAGE30US], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MORTGAGE30US, September 18, 2016.

    Related Resources

    Dating the financial crisis using fixed income market yield spreads

    ALFRED Vintage Series

    30-Year Fixed Rate Mortgage Average in the United States©


    Cherry Creek Mortgage – Cherry Creek Mortgage provides residential mortgage loans and information in 24


    #cherry creek mortgage

    #

    Trusted by Those We Serve

    “Cherry Creek Mortgage is the #1 mortgage company that we recommend to our clients.

    My team has been in business for 16 years, and my business is strictly based on referrals. Who I trust with my clients’ needs is vitally important to my business.
    Cherry Creek Mortgage is Great!”

    “I have worked with CCMC for 6 years. Honesty, integrity, professionalism and communication are what I see in daily practice. CCMC ethics far outweigh any other decision, and that is the most valuable part of the real estate business.”

    Home Search Tools

    Home Scouting Report®

    Cherry Creek Mortgage has partnered with the most powerful online Home Search Service in the business. Cherry Creek Mortgage offers you this website free of charge.

    The Home Scouting Report® . provided by Home Buyer’s Marketing II (HBM II), a licensed real estate brokerage services company. This report will provide up-to-the-minute information on properties for sale, based on your search criteria. Click on the button below and start your home search today!

    On a mobile device or tablet? Click on the appropriate button below download the Home Scouting App .

    Search All The Listings!

    Copyright © 2016 Cherry Creek Mortgage Co. Inc. Company NMLS ID #3001. All Rights Reserved. Some loan products may not be available in all states. Licensing: AZ: Mortgage Banker License #BK-0904024; CA: Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act License #4130289; IL: Illinois Residential Mortgage Licensee LMB # 0005759; KS: Kansas Licensed Mortgagee, License SL-0000472; MN: This is not an offer to enter into an agreement. Any such offer may only be made in accordance with Minn. Stat. 47.206(3) (4); NV: NV Mortgage Banker License #4195. NV Mortgage Broker License #4196; OR: License Number ML-4807; TX: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
    THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV .

    CCMC is proud to offer Reverse Mortgages through our retail branches and division at 1st Reverse Mortgage USA. Promotional and advertising material for Reverse Mortgages is not from HUD or FHA and not approved by the Department of HUD or any Government Agency. HUD does not approve the material presented.

    Cherry Creek Mortgage is not endorsed by, nor acting on behalf of or at the direction of the U.S. Department of Housing and Urban Development, Federal Housing Administration, the Veterans Administration, the U.S. Department of Agriculture or the Federal Government. This material is informational only and is not an offer to lend or recommend available products. This is not an advertisement to extend credit as defined by Regulation Z, nor an application for credit as defined by RESPA/Regulation X. All applications are subject to underwriting guidelines and approval based upon the credit, assets, value of subject property and borrower’s ability to repay. Not all applicants are eligible for or qualify for all loan products offered. All loan programs, terms and conditions are subject to change without notice, so please speak directly with your loan officer to learn more about specific loan program requirements and whether or not you qualify.

    The Home Owner’s Market Report™ and Home Scouting Report® are free online home finding services provided directly to prospective homebuyers by Home Buyers Marketing II, Inc. a licensed real estate company and its real estate brokers as part of their ordinary real estate brokerage services. The role of the Preferred Lender is to work with the agent in the area of converting lost contacts to sales. The Preferred Loan Officer’s role is to assist in determining a comfortable home price range for Home Buyers Marketing II, Inc. to use when it is searching for property listings within the buyer’s search criteria. The Preferred Loan Officer is neither an employee of HBM II, nor the provider of the Home Owner’s Market Report® or Home Scouting Report®. ©2015 Home Buyers Marketing II, Inc.


    Donald Trump Fires The Acting Attorney General Of The United States #donald #trump,u.s. #news,sally #yates,united


    #

    Donald Trump Fires The Acting Attorney General Of The United States

    WASHINGTON ― President Donald Trump fired acting Attorney General Sally Yates on Monday night, hours after she said the Justice Department would not defend Trump’s executive order on immigration .

    White House spokesman Sean Spicer said that Yates had been relieved of her duties. Dana Boente, U.S. attorney for the Eastern District of Virginia, was named as acting attorney general.

    Spicer’s statement said Yates had “betrayed the Department of Justice” by refusing to defend Trump’s order. The statement added that Yates, a career prosecutor whom Trump named as acting attorney general, is “weak on borders and very weak on illegal immigration.”

    Ryan J. Reilly / The Huffington Post

    Yates’ office on Monday evening.

    Boente will serve until Sen. Jeff Sessions (R-Ala.) is confirmed as attorney general.

    The stunning move was reminiscent of President Richard Nixon’s “Saturday Night Massacre” in 1973, when his attorney general and deputy attorney general resigned in protest after he ordered them to dismiss Archibald Cox, the special prosecutor in the Watergate case.

    Earlier Monday, Yates wrote a letter stating she could not enforce Trump’s executive order banning refugees and immigrants from seven predominantly Muslim nations and instructing Justice Department lawyers not to defend the order.

    “At present, I am not convinced that the defense of the executive order is consistent with these responsibilities nor am I convinced that the executive order is lawful,” she wrote.

    Trump responded in a tweet, calling Yates “an Obama A.G.,” even though she agreed to serve as acting attorney general under Trump, and criticized Democrats for “delaying” the confirmation of Sessions.

    The Democrats are delaying my cabinet picks for purely political reasons. They have nothing going but to obstruct. Now have an Obama A.G.

    Yates was nominated to serve as deputy attorney general by former President Barack Obama, and was confirmed to that position in May 2015. Trump’s administration made the decision to appoint Yates as acting attorney general as well as to allow top federal prosecutors around the country who had been appointed by Obama to continue serving.

    Not long after the White House’s announcement, there was a flurry of activity on the fourth floor of the Justice Department building, located near the Trump International Hotel on Pennsylvania Avenue. Yates, accompanied by a significant security detail including members of the U.S. Marshals Service, was packing up her office into the evening. She declined an interview request that was relayed through one of the individuals in her entourage. Later, as a cart topped with boxes and bags was wheeled out of her office, an officer asked, then told, a Huffington Post reporter to leave the area.

    Around 11 p.m. Yates quietly left the building.

    A DOJ spokesman said the new acting attorney general was sworn in at Justice Department headquarters at around 11 p.m.

    Ryan J. Reilly/HuffPost

    Sally Yates left the Department of Justice late Monday night.

    Read the White House’s full statement excoriating Yates and announcing Boente’s appointment:

    The acting Attorney General, Sally Yates, has betrayed the Department of Justice by refusing to enforce a legal order designed to protect the citizens of the United States. This order was approved as to form and legality by the Department of Justice Office of Legal Counsel.

    Ms. Yates is an Obama Administration appointee who is weak on borders and very weak on illegal immigration.

    It is time to get serious about protecting our country. Calling for tougher vetting for individuals travelling from seven dangerous places is not extreme. It is reasonable and necessary to protect our country.

    Tonight, President Trump relieved Ms. Yates of her duties and subsequently named Dana Boente, U.S. Attorney for the Eastern District of Virginia, to serve as Acting Attorney General until Senator Jeff Sessions is finally confirmed by the Senate, where he is being wrongly held up by Democrat senators for strictly political reasons.

    “I am honored to serve President Trump in this role until Senator Sessions is confirmed. I will defend and enforce the laws of our country to ensure that our people and our nation are protected,” said Dana Boente, Acting Attorney General.

    Late Monday, Boente issued a statement to his staff:

    On January 30, 2017, Acting Attorney General Sally Q. Yates issued a memorandum barring Department of Justice Attorney’s from presenting arguments in defense of the President’s January 27, 2017, Executive Order entitled “Protecting the Nation from Foreign Terrorist Entry Into the United States.” At approximately 9:00 p.m. I was asked by the President to serve in the capacity of Acting Attorney General. After having dedicated the last thirty-three years of my life to this Department, I am humbled and incredibly honored to serve as Acting Attorney General. Based upon the Office of Legal Counsel’s analysis, which found the Executive Order both lawful on its face and properly drafted, I hereby rescind former Acting Attorney General Sally Q. Yates January 30, 2017, guidance and direct the men and women of the Department of Justice to do our sworn duty and to defend the lawful orders of our President.

    CORRECTION: A previous version of this entry stated that former President Richard Nixon fired his attorney general and deputy attorney general. They resigned in protest.

    Do you have information you want to share with HuffPost? Here’s how.


    Ten Tips for Buying Auto Insurance #insurance, #insurance #regulation, #states, #auto #insurance


    #

    10 Things You Should Know About Buying Auto Insurance

    1. How is Your Insurance Rate Determined?
      Two factors determine what you pay for auto insurance. The first factor is underwriting and the second factor is rating. Insurance companies underwrite to assess the risk associated with an applicant, group the applicant with other similar risks and decide if the company will accept the application. Based on the results of the underwriting process, the rating assigns a price based on what the insurer believes it will cost to assume the financial responsibility for the applicant s potential claim.

    Each company adopts its own rating system, although there are general guidelines that all companies follow.
    The single greatest influence on the rating process is claim frequency. This does not mean how many times you specifically have made an insurance claim, although that will have an additional effect. Claim frequency measures how often an insured event occurs within a group relative to the number of policies contained in that group. Persons sharing characteristics with high claims groups will be charged more for insurance coverage.

  • Specific Factors that Affect Your Rate
    • Your driving record drivers with previous violations or accidents are considered to be higher risk
    • Your geographic territory urban areas have more claims than rural areas
    • Your gender and age males have more accidents; certain age groups have more claims
    • Your marital status married people show lower rates of claims
    • Prior insurance coverage if you have been cancelled for non-payment of premiums
    • Vehicle use higher annual mileage results in higher exposure to risk
    • Make and model of your vehicle luxury and sports cars average a higher number of claims
  • Ask Your Agent About Discounts
    Discounts are awarded because the insurance company sees you as a better risk. Here are some discounts you should look for: multiple vehicles, driver education courses, good student, safety devices, anti-theft devices, low mileage, good driver/renewal, auto/home package and dividends. Not all states offer all discounts, so check with your agent to see if you qualify.
  • Tort System vs. No-Fault System
    Each state must implement either a tort system or a no-fault system. The system your state has implemented will determine what kind of insurance is available to you. The three basic coverages sold under the tort system are bodily injury liability insurance, property damage liability insurance and uninsured motorists coverage. In a no-fault state, coverages will vary, but under a no-fault system your insurance company pays you directly for your losses as a result of injuries sustained in an accident, regardless of who is at fault. Check with your state insurance department for questions concerning tort or no-fault state systems.
  • Check Into Optional Coverage
    The most commonly recognized coverages, in addition to the basic liability package, are collision and comprehensive coverages. Collision coverage pays for physical damage to your car as a result of your auto colliding with an object such as a tree or another car. This is relatively expensive coverage and is not required by law. Comprehensive coverage pays for damage to your auto from almost all other causes, including fire, severe weather, vandalism, floods and theft. This coverage will also cover broken glass and windshield damage. Comprehensive coverage is less expensive than collision, but is also optional. Other optional coverages include medical payments coverage, rental reimbursement coverage and towing and labor coverage.
  • Where to Go for More Information
    Information is available to consumers from a number of unbiased sources. These sources include public libraries, state insurance departments, online resources, consumer groups and consumer publications. Every state insurance department has personnel available to answer questions regarding auto insurance coverage and many departments publish premium comparisons to make shopping around easier.
  • Shop Around Before You Buy
    When shopping for auto insurance, premium quotations are a useful tool for comparison of different companies products. When asking for price quotations, it is crucial that you provide the same information to each agent or company. The agent will usually request the following information: description of your vehicle, its use, your driver s license number, the number of drivers in your household, the coverages and limits you want.
  • Where to Shop
    Check the newspaper and yellow pages of the telephone directory for companies and agents in your area. In addition, ask your neighbors, relatives and friends for recommendations on insurance companies and agents. In particular, ask them what kind of claim service they have received from the companies they recommend. Remember to shop around to get the best price and service.
  • For Your Protection
    Once you have selected the insurance coverages you need and an insurance agent or company, there are steps you can take to make certain you get your money s worth. Before signing an application for any insurance coverage, call you state insurance department and verify that the company and the agent are licensed to do business in your state. It is illegal for unlicensed insurers to sell insurance, and if you buy from an unlicensed insurer, you have no guarantee that the coverage you pay for will ever be honored.
  • Read Your Policy Carefully
    You should be aware that an auto insurance policy is a legal contract. It is written so your rights and responsibilities, as well as those of the insurance company, are clearly stated. When you purchase auto insurance, you will receive a policy. You should read that policy and make certain you understand its contents. If you have questions about your insurance policy, contact your insurance agent for clarification. If you still have questions, turn to your state insurance department.
  • © 1991 – 2017 National Association of Insurance Commissioners. All rights reserved.


    Student fascinated by firearms wounds four in French school shooting #france,united #states,achraf,benoit #hamon,christian #estrosi,fabienne #atzori,jean,rene


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    Student fascinated by firearms wounds four in French school shooting

    People embrace near the Tocqueville high school after a shooting has taken place in Grasse, southern France, March 16, 2017. Eric Gaillard

    GRASSE, France (Reuters) – A teenager opened fire at his high school in southeastern France on Thursday, wounding up to four people, in an attack apparently inspired by videos of U.S. mass shootings such as Columbine, officials said.

    The incident in Grasse, which does not appear to be linked to militancy, comes with France on high alert after more than 230 people were killed in the past two years by attackers allied to Islamic State.

    “It was total panic,” Achraf, a student in the school, said on BFM TV. “The gunshots were at 4 to 5 meters from where we were. We thought the gunman was coming toward us. We heard him shouting.”

    France’s Education Minister Najat Vallaud-Belkacem visited the scene in Grasse, a town known for its perfume industry, and said the attack appeared to be “a crazy act by a fragile young man fascinated by firearms”.

    “His motivations seem to be linked to bad relations he had with other students in school,” Grasse prosecutor Fabienne Atzori told reporters.

    With a presidential election less than six weeks away, the attack by a 16-year-old armed with a shotgun loaded with lead pellets looked likely to further stoke France’s debate on security.

    Separately in Paris, an employee of the International Monetary Fund (IMF) was injured in the face and arms when a letter bomb posted to the world lender’s local office blew up as she opened it, police said.

    Related Coverage

    French high school shooter was fascinated with Columbine massacre

    Atzori said 10 people had been hurt in the school attack, either physically or emotionally. One person was shot in the stomach and the headmaster was injured in the shoulder after trying to stop the gunman.

    The youth, who was also carrying munitions, handguns, a grenade and what seemed to be a homemade explosive device, put up no resistance when he was arrested at the school, she said.

    The youth was not known to police and checks were being made to establish whether there were any accomplices and how he had acquired his weapons.

    Members of special Police units RAID outside the Tocqueville high school after a shooting in Grasse, southern France, March 16, 2017. Eric Gaillard

    “The first investigations suggest he had consulted videos of mass killings in America,” an interior ministry spokesman said.

    Gun Laws

    France has some of the strictest gun laws in the world. French citizens are banned from owning automatic weapons, while many other guns require government authorization and a medical exam, along with a permit from a hunting or sport shooting federation.

    “This is reminiscent of the Columbine tragedy in the U.S.,” Socialist presidential candidate Benoit Hamon told reporters, referring to the 1999 incident in which two students fatally shot a teacher and 12 classmates before killing themselves.

    Slideshow (8 Images)

    Images of what appeared to be the Grasse attacker’s Facebook and YouTube pages showed a fascination with Columbine and violent images, as well as with instructions for homemade weapons.

    Local emergency services used Twitter to advise residents of the town of about 50,000 inhabitants to stay at home after the shooting began around 1 p.m. (1200 GMT).

    Witnesses interviewed by local television described a scene of panic as the gunman entered the canteen, with students rushing to hide under tables or sprinting for the exit.

    “I just know the gunman by sight. He was gentle and low-key key, not a nasty guy,” student Achraf added. BFM TV did not give his family name.

    Atzori said the teenager, who fired two or three times, had initially entered a classroom looking for someone in particular.

    After he had left, pupils alerted the headmaster to his presence. The headmaster, who did not appear to be the target, was shot trying to calm the assailant down.

    “He’s a normal boy. There were no signs. He is a bit reserved and doesn’t make waves,” Jean-Rene Laget, a local resident who knows the student’s father, told Reuters. “His father never said he had problems with him.”

    Reporting by Sophie Louet, Marine Pennetier, John Irish, Sudip Kar-Gupta, Brian Love and Geert De Clercq; Writing by John Irish; Editing by Tom Heneghan

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    United States Prime Rate #home #loans #calculator


    #prime mortgage rate

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    Prime Rate

    The Current United States Prime Rate is: 3.5 %

    July 27, 2016: The FOMC has voted to keep the
    target range for the fed funds rate at 0.25% – 0.5%.
    Therefore, the United States Prime Rate remains at 3.5%
    The next FOMC meeting and decision on short-term rates
    will be on September 21 ST. 2016.

    The U.S. Prime Rate is a commonly used, short-term interest rate in the banking system of the United States. All types of American lending institutions (traditional banks, credit unions, thrifts, etc.) use the U.S. Prime Rate as an index or foundation rate for pricing various short- and medium-term loan products. The Prime Rate is consistent because banks want to offer businesses and consumers loan products that are both profitable and competitive. A consistent U.S. Prime Rate also makes it easier and more efficient for individuals and businesses to compare similar loan products offered by competing banks.

    Each U.S. state does not have its own individual Prime Rate, so the New York Prime Rate or the California Prime Rate are in fact the same as the United States Prime Rate.

    When the 4 largest bank holding companies in the United States (by assets) change their Prime Rate, this website, www.FedPrimeRate.com. will update its published U.S. Prime Rate. Currently, these four banks are:

    1. JPMorgan Chase Co.

  • Bank of America Corp.

    Providers of consumer and commercial loan products often use the U.S. Prime Interest Rate as their base lending rate, then add a margin (profit) based primarily on the amount of risk associated with a loan. Moreover, some financial institutions use Prime as an index for pricing certain time-deposit products like variable-rate Certificates of Deposit.

    It’s important to note that the Prime Rate is an index, not a law. Consumers and business owners can sometimes find a loan or credit card with an interest rate that is below the current Prime Lending Rate. Lenders will sometimes offer below-Prime-Rate loans to highly qualified customers as a way of generating business. Furthermore, below-Prime-Rate loans are relatively common when the loan product in question is secured, as is the case with home equity loans, home equity lines of credit and car loans.

    Every U.S. bank sets its own Prime Rate. However, the Prime Rate is invariably tied to America’s cardinal, benchmark interest rate: the Federal Funds Target Rate (or Fed Funds Target Rate [FFTR].) The FFTR is set by a committee within the Federal Reserve system called The Federal Open Market Committee (FOMC ). The FOMC usually meets every six weeks, and it is at these meetings that the FOMC votes on whether or not to make changes to the FFTR. When the FFTR changes, the United States (Fed) Prime Rate will also change. If the FOMC votes to make no changes to the FFTR, then the U.S. Prime Rate will also remain unchanged.

    Since the second quarter of 1994, a rule of thumb for the U.S. Prime Rate has been:

    The FOMC’s primary objectives are to keep inflation under control and maintain steady economic growth with maximum sustainable employment within the United States.

    The U.S. Prime Interest Rate is used by many banks to set rates on many consumer loan products, such as student loans, home equity lines of credit, car loans and credit cards. If you read or hear about a change to the U.S. Prime Rate, then any loan product that is tied to the Prime Rate will also change, like variable-rate credit cards or certain adjustable-rate mortgages.

    The Current Fed Prime Rate is: 3.5 %

    (the last rate change — an increase of 25 basis points
    [0.25 percentage point] — occurred on December 17, 2015)