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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jun 11, 2021
Page
18
Alliant 58.54 up 0.24 percent Arch Dan 67.23 down 0.88 percent Deere 341.44 down 8.09 percent GenMills 62.57 up 0.45 percent.
A new FHFA backed refinance option for loans owned by Fannie Mae and Freddie Mac targets low and moderate income borrowers. Eligible homeowners with 80 percent or less of area median income, a 620+ FICO, and specific debt ratios may save 50 basis points or more monthly. a $500 appraisal credit applies where waivers are unavailable. Freddie Mac plans a similar launch. lender participation varies.
Microsoft said the Xbox unit is developing hardware and TV partnerships to run Xbox games directly on internet connected TVs with a game controller, and to build streaming devices for cloud gaming on any screen. It also notes Game Pass subscriber spending rose to about 50 percent as catalog quality grows.
Stocks and major health care and tech names boosted the market, lifting the S&P 500 to a record 4,239.18 and erasing weekly red. The Dow gained about 0.1 percent while the Nasdaq rose 0.8 percent. bond yields slipped after a hotter than expected inflation report showing consumer prices up 5 percent in May. The May jump is viewed as temporary by many analysts. Key drivers include a surge in used car prices linked to rental fleets as travel rebounds.
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