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Market News

Fed says economy improving; September rate hike in view

An eagle tops the U.S. Federal Reserve building's facade in WashingtonThe U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September. "On balance, a range of labor market indicators suggest that underutilization of labor resources has diminished since early this year," the Fed said in a policy statement that kept rates unchanged. The Fed also said it now only needs to see "some" more improvement in the labor market, a qualification that analysts said strongly suggested it believes the recent solid U.S. job gains will continue.




Facebook profit falls 9 percent as costs soar

A 3D plastic representation of the Facebook logo is seen in this illustration in ZenicaFacebook Inc said quarterly revenue beat forecasts but profit fell 9 percent at the social media company on heavy spending to boost mobile revenue and future growth. Total costs and expenses jumped 82 percent to $2.77 billion in the three months ended June 30, Facebook said on Wednesday. Facebook Chief Operating Officer Sheryl Sandberg said in an interview the huge increase in expenses was for "growth we need now and in the future." "We're investing in the next set of services and what will be future investments like Messenger, WhatsApp and Oculus," she added.








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New Home Loans

房屋貸款

If you're like most people, purchasing a home  is probably one of the biggest investments you'll ever make in your lifetime and we'll be with you every step of the way

 

 

Refinancing

房屋轉按

If you are looking to refinance your ARM into a fixed rate or refinance and get cash out or get into a lower rate, we can help.

 

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We offer a variety of loan programs. Every borrower has different needs. After reviewing your situation, one of our experts will see what loans best fits your needs

 

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