August Market Info

    Top News
    China yuan devaluation is a game changer for Fed on rates
    MarketWatch – The surprise move by the Chinese central bank to devalue its currency is having a big negative impact on the equity markets, but the impact could be more far-reaching than a mere few days of volatility, offering both upside potential and risks.

     

    Industry News
    Average rate on 30-year mortgage edges up
    USA Today – Average long-term U.S. mortgage rates edged up this week after three straight weeks of declines. The key 30-year loan rate remained under 4%.
    Mortgage applications flat
    MBA – Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 7, 2015.
    REALTOR.com: the 10 hottest zip codes
    REALTOR Magazine – Each of the top-ranked ZIP codes are seeing a housing supply and demand that’s about five times stronger than the rest of the country. Homes are selling four to nine times faster than the national average.  What’s more, the median household income among the Top 10 ZIP codes is $71,000, 32 percent higher than the national average of $54,000.
    All in the (Multi)Family: single-family builders expand apartment plans
    Multi-Family Executive – After establishing a post-recession foothold in the apartment industry, Toll Brothers, and other single-family builders, appears to be here to stay.
    Whole Foods vs. Trader Joe’s on home values
    REALTOR Magazine – A new study pitted two rival grocery store chains – Whole Foods and Trader Joe’s – against one another to find out which grocery store increases the value of nearby homes the most.

     

    Technology News
    Dropbox adds U2F support for better security
    PC World – Two-factor authentication is often held up as a best practice for security in the online world, but Dropbox on Wednesday announced a new feature that’s designed to make it even tougher.
    Samsung Pay comes to the U.S. in September
    CNET – Samsung announced Thursday that its new mobile payment system, Samsung Pay, will be available in Korea on August 20 and in the US on September 28. This system aims to make it easier for users to pay for goods and services in brick-and-mortar shops.

     

    Other News
    How to handle your 401(k) after you retire
    USA Today – Handling your 401(k) correctly in retirement is just as important as managing its growth during your career, and to help guide you through the choices you have, below you’ll find a list of the things you can do with your 401(k) account after you retire.

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