Columbus mortgages – Columbus Chamber http://columbus-chamber.org/ Thu, 30 Dec 2021 15:26:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://columbus-chamber.org/wp-content/uploads/2021/05/cropped-icon-32x32.png Columbus mortgages – Columbus Chamber http://columbus-chamber.org/ 32 32 4 questions to ask before choosing a state in which to retire | Smart change: personal finance https://columbus-chamber.org/4-questions-to-ask-before-choosing-a-state-in-which-to-retire-smart-change-personal-finance/ Thu, 23 Dec 2021 11:36:00 +0000 https://columbus-chamber.org/4-questions-to-ask-before-choosing-a-state-in-which-to-retire-smart-change-personal-finance/ (Maurie Backman) A lot of people worry about choosing the right retirement age. But there’s another big decision you’ll need to make in your retirement years: where to live. You can decide to retire in the state where you lived as an active adult. Or you might be thinking it’s time to move. Either way, […]]]>

(Maurie Backman)

A lot of people worry about choosing the right retirement age. But there’s another big decision you’ll need to make in your retirement years: where to live.

You can decide to retire in the state where you lived as an active adult. Or you might be thinking it’s time to move. Either way, ask yourself these questions before moving into your new home.

Image source: Getty Images.

1. What are housing costs like?

Housing can be a senior’s biggest monthly expense, and this extends to those with mortgages paid off. If you’re worried about living on limited income in retirement, you may want to favor a state with relatively low housing costs. It doesn’t just mean cheaper homes, it also means cheaper property taxes.

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2. Is health care easily accessible?

As we age, the need for quality health care increases. When deciding what state to retire in, it’s important that you have a clear idea of ​​what healthcare looks like.

A good indicator in this regard is the number of Medicare Advantage plans available in the state you wish to move to. But also, research local drugstore chains and hospitals before making that call.

3. Are social security benefits taxed?

Social Security could become an important source of income for you during retirement. You may want to avoid moving to a state that imposes tax on this income.

There are 13 states that impose social security:

  1. Colorado
  2. Connecticut
  3. Kansas
  4. Minnesota
  5. Missouri
  6. Montana
  7. Nebraska
  8. New Mexico
  9. North Dakota
  10. Rhode Island
  11. Utah
  12. Vermont
  13. West Virginia

However, many of the names on this list offer exemptions for low-income people and, in some cases, moderate-income people. If you land in one of these states, you are not guaranteed to lose some of your benefits.

4. Will I have an assistance system nearby?

As you get older, your ability to do certain things may decrease. Granted, we hope this doesn’t happen right away in retirement, but if you’re living well into your 80s or 90s, mobility issues might start to arise.

It is for this reason that it is important to retire in a place where you will have the support of your loved ones. If you are considering moving to a state on the other side of the country from your adult children, you may want to reconsider your decision.

That said, you don’t necessarily need to retire near your kids. If most of your family lives on the East Coast but you have a grandchild or two in California, you may decide to move there. Or you can choose to move to a place where you have a large network of friends. The key is to have some trusted people nearby.

Choosing the right state in which to retire is a difficult task, especially if it is a decision you want to make up front. (While it is certainly possible to move during retirement, it is also not the easiest thing to do.) Going through these questions will make it easier to make that choice and have confidence in it. .

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Home Values ​​Rise $ 9 Trillion In Last Year For U.S. Homeowners https://columbus-chamber.org/home-values-%e2%80%8b%e2%80%8brise-9-trillion-in-last-year-for-u-s-homeowners/ Wed, 22 Dec 2021 23:05:33 +0000 https://columbus-chamber.org/home-values-%e2%80%8b%e2%80%8brise-9-trillion-in-last-year-for-u-s-homeowners/ U.S. homeowners have gained $ 9.1 trillion in home value over the past year as home prices continue to climb amid a severe shortage of homes for sale, according to a new report from Redfin. Home values ​​in the United States jumped 31.4% year-over-year to a total of $ 38.3 trillion last month, far exceeding […]]]>

U.S. homeowners have gained $ 9.1 trillion in home value over the past year as home prices continue to climb amid a severe shortage of homes for sale, according to a new report from Redfin. Home values ​​in the United States jumped 31.4% year-over-year to a total of $ 38.3 trillion last month, far exceeding the annual increase of 9.7% ($ 2.6 trillion) observed in the previous November.

Home prices have skyrocketed during the pandemic as record mortgage rates, remote working and the boom in the stock market fueled increased demand from homebuyers amid continued housing shortages. November marked the 16th consecutive month of double-digit price increases as the number of homes for sale fell to an all-time high.

“The surge in home values ​​during the pandemic widened the gap between homeowners and renters in America,” said Daryl Fairweather, chief economist at Redfin. “Homeowners have seen their wealth increase dramatically over the past year, while renters have missed out on these gains and are now grappling with rent inflation. The silver lining is that home values ​​haven’t just soared in the big, wealthy cities. Homeowners in rural America, who normally don’t see a substantial increase in their home’s value, have also reaped the benefits of a booming housing market.

The value of rural homes rose 46.2% year over year to $ 4.9 trillion in November. In comparison, the value of townhouses rose 31.3% to $ 8 trillion, and the value of suburban homes climbed 25.9% to $ 24.1 billion.

While cities have rebounded from a coronavirus downturn, rural areas remain more popular than they were before the pandemic, as remote workers continue to seek additional space and a relatively affordable price.

The value of condos climbed 42.7% year over year to reach $ 5.1 trillion in November. In comparison, the value of single-family homes rose 30.1% to $ 32 trillion and the value of townhouses rose 20.6% to $ 1.2 trillion.

The pandemic hit the condominium market hard in 2020, with dozens of Americans trading cramped city life and shared amenities for larger homes in suburbs and rural areas. But as lockdown restrictions eased and the initial shock of the pandemic wore off, condos and city life began to make a comeback. This explains why the values ​​of condominiums have seen a relatively large gain from one year to the next.

Home values ​​in Austin, Texas jumped 48.1% year over year to $ 389.5 billion in November – the largest increase among the 50 most populous metropolitan areas in the states -United. It was followed by Jacksonville, Florida (39.9%) and Phoenix, Arizona (38.3%). Tampa, Florida and Riverside, Calif. Round out the top five, with increases of 36% and 32%, respectively.

Homebuyers flocked to the Sun Belt states during the pandemic as working remotely allowed them to prioritize affordability over proximity to the office. Austin, Phoenix and Tampa have historically been among the hottest places for homebuyers looking to relocate during the pandemic.

Outsiders who move to Austin tend to pay more for houses than locals, which has driven up subway house prices overall as residents of more expensive cities like San Francisco and New York have moved in. A July report from Redfin found that the home bought by outsiders in Austin sells for $ 470,000, compared to the locals’ $ 447,500.

With house prices soaring in the Sun Belt, Fairweather predicts that buyers will increasingly begin to move to more affordable northern cities like Indianapolis, Indiana; Columbus, Ohio; and Harrisburg, Pennsylvania.

The value of millennial-owned homes rose 34.3% year-over-year ($ 1.2 trillion) to a total of $ 4.6 trillion in the third quarter – the peak period. most recent for which data were available. Millennials have taken a growing share of the US real estate market as they come of age to own property, accounting for more than half of new mortgages last year. Many of them bought their first homes in 2020 – when home values ​​started to skyrocket – meaning they saw significant wealth gains in their first year of homeownership. .

Home values ​​in the predominantly American Indian and Alaska Native neighborhoods increased 72.3% year-over-year in November, more than any other breed analyzed by Redfin. In comparison, predominantly white neighborhoods saw an increase of 30.4% and predominantly black neighborhoods saw an increase of 26%. Meanwhile, Hispanic or Latino neighborhoods grew 24.4%, and Asian neighborhoods saw a 22% gain.

“Many Native American and Native areas of Alaska that have seen significant increases in home values ​​are rural and / or Arizona, a reflection of the pandemic-induced migration to more affordable and spacious cities,” adds Fairweather. “It’s a boon to minority landlords in these places, but it poses a threat to tenants who might be charged due to gentrification. “

Home values ​​in high fire risk areas increased 42.1% year over year to a total of $ 1.8 trillion in November. In comparison, home values ​​in areas at high risk for flooding, storms, heat and drought have climbed by about 30%.

Many high fire risk areas are also hotspots for second homes, which were in high demand during the pandemic as well-off Americans sought respite from city life.

Image: Photo by Todd Kent on Unsplash


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Group pays off mortgages for families of first responders https://columbus-chamber.org/group-pays-off-mortgages-for-families-of-first-responders/ Sun, 19 Dec 2021 08:30:47 +0000 https://columbus-chamber.org/group-pays-off-mortgages-for-families-of-first-responders/ COLOMBIA, SC A foundation that cares for first responders who died in the line of duty or illnesses caused by their work has paid off mortgages on three homes in South Carolina. The Tunnel to Towers Foundation said it has paid off mortgages for the families of the North Myrtle Beach Public Safety Sergeant. Gordon […]]]>

A foundation that cares for first responders who died in the line of duty or illnesses caused by their work has paid off mortgages on three homes in South Carolina.

The Tunnel to Towers Foundation said it has paid off mortgages for the families of the North Myrtle Beach Public Safety Sergeant. Gordon William Best, who died in a wreck on January 1 and the Myrtle Beach home of the retired New York Police Detective. James Giery, who died of cancer in September 2016. He also bought a mortgage-free home for the family of Marion County MP Jonathan Price, who died in an accident on January 6.

Best was responding to a call for shots when he lost control of his car on a wet street and crashed into a utility pole, investigators said.

Taylor Best said the generosity of the Tunnel to Towers foundations means she won’t have to move her children out of the only home they’ve known.

“It’s so nice to know that the financial burden of our mortgage has been eased and that my kids and I can stay in the house where so many of their memories were made with their dad,” she said in a statement. press release published by the foundation.

Price was killed when his patrol car collided with another vehicle. The other driver is also deceased.

Price’s widow Elizabeth told the foundation she can confidently plan for the future of their three young children without a monthly household payment.

Giery died of service-related cancer following the terrorist attacks of September 11, 2001. He was the fourth generation in his family to work for the New York Police Department and left behind his wife and three children, the foundation said.

“Providing financial security and a comfortable home for his family was very important to my husband. With the help of the Foundation, I have the impression that he continues to do so, even though he cannot be here in person, ”said Catrine Giery. the foundation.

The three homes in South Carolina are among 135 mortgages the Tunnel to Towers Foundation paid off in 2021. The goal is to reach 200 homes by the end of the year.


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What the people of Columbus are saying about the city’s $ 5.7 million settlement with injured protesters. https://columbus-chamber.org/what-the-people-of-columbus-are-saying-about-the-citys-5-7-million-settlement-with-injured-protesters/ Sat, 18 Dec 2021 11:04:15 +0000 https://columbus-chamber.org/what-the-people-of-columbus-are-saying-about-the-citys-5-7-million-settlement-with-injured-protesters/ Police don’t deserve compensation – they’ve done all the damage Note: Opinion writer Amelia Robinson has called for responses to the city of Columbus’ $ 5.7 million settlement with two dozen people who say they were brutalized by Columbus police during protests against racial injustice in summer 2020. Well I was a little surprised at […]]]>

Police don’t deserve compensation – they’ve done all the damage

Note: Opinion writer Amelia Robinson has called for responses to the city of Columbus’ $ 5.7 million settlement with two dozen people who say they were brutalized by Columbus police during protests against racial injustice in summer 2020.

Well I was a little surprised at the only responses posted. They all seemed to point in the same direction. Apparently no one was watching what I was.

Following:Letters: $ 5.75 million to protesters? “I almost spilled my coffee. “

The police do not need compensation because they are the ones who caused all the damage and started it all. Small businesses should have had insurance. All of this would have been avoided if there had been any requirements or training to be a cop.

Following:‘This is not good law enforcement,’ says protest lawyer who secures $ 5.75 million settlement

George Dailey, Columbus

letters@dispatch.com

Following:How to Submit a Letter to the Editor of The Columbus Dispatch

Americans would be better off without capitalism

Politicians who talk about economics are turning my stomachs. The stock market is not the economy. Politicians shouldn’t claim job creation unless the jobs pay at least a living wage.

Following:Hiring immigrants and workers from around the world is key to solving Ohio’s labor shortage problem

Today’s 20-40 year olds are not as burdened with mortgages, children and other financial obligations as previous generations and they have finally launched a nationwide strike for higher wages. Good.

Following:Letters: Don’t be “ridiculous”. Health care workers also want higher wages.

Mike Thompson, USA TODAY

The US economy is homeless, no health care, beggars on the exit ramps, check cashing stores, payday loan thieves, pawn shops, and abject poverty. Anyone who expects capitalism to solve these problems is an idiot.

The threat of these horrors hanging over the heads of working people is exactly what makes American capitalism work.

Following:Opinion: America needs autonomy, not “compassionate” capitalism

There is no way of life more expensive than being poor.

The poor cannot afford to buy in bulk. The poor have to drive abandoned cars that constantly break down. The poor have to go to the emergency room for treatment. The poor don’t have 401k. The poor have no way to prevent their children from being poor and no real way to avoid having unwanted children.


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The Treasury grants $ 8.7 billion for loans to minority communities | National policy https://columbus-chamber.org/the-treasury-grants-8-7-billion-for-loans-to-minority-communities-national-policy/ Tue, 14 Dec 2021 15:18:58 +0000 https://columbus-chamber.org/the-treasury-grants-8-7-billion-for-loans-to-minority-communities-national-policy/ PA WASHINGTON (AP) – The US Treasury Department on Tuesday announced the release of $ 8.7 billion to help increase lending to small businesses and people belonging to minorities and to people living in the poorest communities with a limited access to banking services. Funds from the Emergency Capital Investment Program, which was established this […]]]>

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WASHINGTON (AP) – The US Treasury Department on Tuesday announced the release of $ 8.7 billion to help increase lending to small businesses and people belonging to minorities and to people living in the poorest communities with a limited access to banking services.

Funds from the Emergency Capital Investment Program, which was established this year, will go to 186 community financial institutions. Vice President Kamala Harris and Treasury Secretary Janet Yellen will discuss the investments in remarks Tuesday morning at the Freedman’s Bank Forum.

Black Americans make up 13.4% of the US population, but Federal Reserve figures show they only control 4.3% of household wealth. More than half of black household wealth comes in the form of pension rights, which cannot be passed on to future generations. This inequity makes it more difficult for people living in predominantly black communities to qualify for business loans and mortgages in ways that help them increase their equity.

The $ 8.7 billion will go to institutions headquartered in 36 states, as well as Guam and Washington, DC. About 54% of funds will go to banks and 46% to credit unions. Distributions will range from over $ 200 million for the larger institutions to less than $ 100,000 for the smaller ones.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


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Strong sales of multi-family investments in the Southern States; Gain more interest in the Midwest https://columbus-chamber.org/strong-sales-of-multi-family-investments-in-the-southern-states-gain-more-interest-in-the-midwest/ Fri, 10 Dec 2021 14:04:43 +0000 https://columbus-chamber.org/strong-sales-of-multi-family-investments-in-the-southern-states-gain-more-interest-in-the-midwest/ Multi-family investing has benefited from the uncertainties of the past year, but will 2021 transaction volumes be used to assess likely outcomes for 2022? CEOs Todd Stofflet and Jason Stevens of the Walker & Dunlop Chicago office take a look at 2021 and what this year’s trends indicate for the direction of the industry. REBusiness: […]]]>

Multi-family investing has benefited from the uncertainties of the past year, but will 2021 transaction volumes be used to assess likely outcomes for 2022? CEOs Todd Stofflet and Jason Stevens of the Walker & Dunlop Chicago office take a look at 2021 and what this year’s trends indicate for the direction of the industry.

REBusiness: What have you seen regarding the multifamily investment activity this year?
Todd Stofflet Multifamily_100

Todd Stofflet, Walker and Dunlop

Stofflet: At the start of the pandemic, we saw a lot of investment pull out of retail and office space, focusing more on industry and multi-family. In 2021, the multi-family sector is doing very well and many new investors have entered the multi-family market. If you talk to some of our colleagues from the South East and the “Smile States” they will tell you that the volume of transactions has never been higher and that the amount of capital seeking these opportunities has never been higher. never been so important. Across the country, it has been a very strong year for the sector.

REBusiness: Do you think 2021 will be a record year in terms of sales?

Stevens: If our pipeline is a barometer for this, the answer is “absolutely”, but that will depend on the market. What you will find is that sales in urban areas will be below historical averages, but suburban markets will set sales volume records. From a nationwide perspective, multifamily in general will experience record sales. We have never had more groups with more money dedicated to finding multi-family opportunities.

REBusiness: What types of companies / investors do you see involved in the market?

Stofflet: Obviously it depends on the market, but for the most part all the institutions (Blackstone, Starwood Capital Group, etc.) are involved and they have a lot of money to buy assets. Whether institutions buy on their own or as part of some kind of joint venture, they are certainly among the more aggressive buyers.

In the secondary markets, we have seen very active regional and local investors as some of the institutional money does not play in the secondary and tertiary markets. This has allowed the family office and union members to become a bit more aggressive and to make acquisitions.

Stevens: With multi-family being a buzzword, regional and local investors are urged to fundraise now for multi-family investment. It has never been easier for the country club money and the trustees to do this.

REBusiness: What types of properties arouse the most interest?

Stofflet: There is certainly money for all types of products. Institutions have raised a lot of money for all types of products, whether shiny, high rise in the city center or value added in the suburbs. Cap rates have compressed so much that they are roughly even between core, core plus, and value added. Therefore, groups that may have spent a lot of time in value addition are starting to look to core and core-plus because they get the same returns and don’t have to do as much. job.

REBusiness: What are the dissuasive elements for those who invest in the multi-family?

Stofflet: Competetion. There is certainly frustration in the investment community regarding the competitiveness of the transactions that are in the market. We see multiple rounds of offers, sealed auctions and firm cash deposits in most marketing campaigns. We expect more of the same in 2022 as the groups try to withdraw money.

Stevens: Unsurprisingly, it’s taxes. On the expense side, taxes and insurance significantly affect values. Buyers look to markets and submarkets where the tax burden is less onerous.

REBusiness: For which regions or markets do you see a lot of interest at the moment?

Stevens: We’re seeing a lot of interest in the smile states, but we’re also starting to see some rebound here in the Midwest. There are many groups that are tired of competing with dozens of other companies with fierce competition, sealed offers and 3% cap rates. They are starting to look for returns in the Midwest. Depending on which Midwestern market you find yourself in, you’re probably looking at cap rates of 4.5%.

People are starting to understand that the Midwest has resisted COVID extremely well. Collections are over 94 percent across the region, occupancy rates are high, and concessions are low.

We’re starting to see some groups pivot as a result. For example, we currently have a deal in Kalamazoo, Michigan that involves fresh money from a Western investment group making the decision to move some of their money to the Midwest. This is likely one of many Midwestern properties that they will acquire over the next couple of years as they have historically invested in the Pacific Northwest and Southwest. They decided to come to markets where natural resources, including water, are a little more abundant.

Many investors are looking for the yield opportunities that the Midwest has to offer.

REBusiness: What is the availability of capital for investors?

Stofflet: The agencies are always very aggressive in the debt that they take on debt. Bridge financing has never been more attractive, given the interest-only periods and the location of treasury bills.

There is currently an unpaid amount of capital available. For the most part – as long as the asset is doing well and there is a program and a strong person behind it – I think the capital is very excited.

REBusiness: What impact has COVID had on investor and lender concerns about occupancy? Have any of these concerns come true?

Stofflet: In the short term, many of these concerns have materialized. There certainly has been pause. Most investors were waiting to see if people were going to pay rent. Agencies have demanded that a mortgage reserve be put in place for COVID-related issues.

Earlier in the year we were a little worried about the end of the year. But with occupancy and collection rates that remain strong and agencies that believe that multi-family is a stable area for getting into debt, I think we’ve been very successful.

Stevens: Very few of the rental listings we’ve analyzed have some sort of built-in COVID relief fund for people with open balances. For the most part, the fiscal conservatism of the Midwest has held true in this regard: In the Midwest, people choose to pay their rent before buying their groceries.

As we mentioned, this has led to strong collections throughout the pandemic. We haven’t seen those deep debt trenches and open collections that we’ve seen in a lot of other markets.

Stofflet: It is important to say, there has been an impact on the rent. Whether from the point of view of the concession or the reduction of rents in order to maintain occupancy thanks to COVID (especially in urban centers), we have seen it well. There were assets that were probably 30 to 40 cents off their market rent thanks to COVID. But as we saw in the September / October rents, the swaps are between 20-25%, in most of these assets. We went back to the type of net effective rent we were seeing before COVID. The has been a disturbance, but it was really just a hiccup.

REBusiness: What interest do you see in single-family rental (SFR) and construction for rent (BFR) products?

Stevens: In the Midwest, our Copper Bay SFR portfolio is SFR’s first major portfolio in the region. We are evaluating the interest and types of buyers who are looking for this type of property. It was a change in the investment process to really focus on the tenant who wants a single point of entry into their home. We’ve seen that this townhouse product, this “product that goes from the garage to your living room”, has really had a lot of appeal compared to the multiple touch points in conventional assets.

REBusiness: By 2022, what opportunities do you see for multi-family investors?

Stofflet: I think it will remain very difficult to buy in the Smile States, especially the Southeast, due to the incredible competition there.

We see an opportunity in the Midwest as we continue to see real rental growth. Kalamazoo, for example, had the highest rental growth in the Midwest this year.

I think if people are looking for a return in 2022, they will look to Columbus, Indianapolis, and Chicago. I think this is where you will find some performance and probably a little less competition.

Stevens: A lot of investors are looking at what they call “immigration” markets – Charlotte, for example. But Chicago itself is an “immigration” market. And the people who arrive and replace those who leave are generally younger and richer. We are a rising mobile market, although this is not universally understood.

Stofflet: I think you will also soon see a resurgence of the urban core. I think people have spent enough time realizing that for the population centers in the United States, there was not the mass exodus that was highlighted in the media. For the most part, the large markets have good control over deliveries and new constructions. In the future, I think it is very interesting to buy in urban centers, and we will see more volume of transactions outside these large population centers than in the last two or three years.

Walker and Dunlop is a content partner from REBusinessOnline. For more articles and news on Walker & Dunlop, Click here.


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Ducks still fly high https://columbus-chamber.org/ducks-still-fly-high/ Thu, 09 Dec 2021 18:00:42 +0000 https://columbus-chamber.org/ducks-still-fly-high/ There are 10 games to look forward to on the slate tonight, with a healthy mix of games across time zones. We’ve seen some high-scoring games over the past few days, with nine of the 14 games eclipsing the total. It’s a trend worth watching tonight as several games feature totals that are heavily undervalued. […]]]>

There are 10 games to look forward to on the slate tonight, with a healthy mix of games across time zones. We’ve seen some high-scoring games over the past few days, with nine of the 14 games eclipsing the total. It’s a trend worth watching tonight as several games feature totals that are heavily undervalued.

Here are some of our favorite bets from the FanDuel Sportsbook!

Anaheim Ducks vs Columbus Moneyline Blue Jackets, Total & Odds

Moneyline: Ducks -108 | Blue jackets -111

Spread: Ducks +1.5 (-300) | Blue jackets -1.5 (+235)

Total: 5.5 Over -118 | Under -104

Ratings courtesy of sport bets. Sign up for FanDuel Sportsbook today and get your first risk-free bet up to $ 1,000.

Anaheim Ducks vs Columbus Blue Jackets News, Analysis & Picks

We live in a world where the Anaheim Ducks are currently number two in the Pacific Division. While few would have projected that the Ducks would capitalize on the level of success this season, their underlying metrics support Anaheim should stay competitive. That should help them take out the Columbus Blue Jackets tonight.

The Ducks have made a solid effort on their recent sample, outscoring three of their last five opponents. It’s part of a larger trend that has seen the Ducks reach an expected goal percentage of over 50.0% five-to-five in 11 of their last 16. Anaheim’s results are on par with their advanced metrics, as they posted a 12-4-2 record during that span, with a slightly inflated AOP of 1.023.

The Blue Jackets have had a lot less success this season in advanced metrics. Columbus is ranked 27th in goal percentage, which took a beating from his recent sample. The Jackets have been outplayed in 10 straight games, posting a total of 39.4% expected goals. Somehow, Columbus turned this into a respectable 4-6-0 record; however, they cannot continue to be dominated and winning.

The success of the Jackets is contraindicated in their advanced metrics, setting them up for a spiraling return to expected standards. Conversely, the Ducks have been successful in their recent streak and have the measures needed to save sustained wins. Anaheim is on the bright side for being at an underdog price.

The choice : Ducks -108

Detroit Red Wings vs. St. Louis Blues Moneyline, Total & Odds

Moneyline: Red Wings +146 | Blues -176

Spread: Red Wings +1.5 (-178) | Blues -1.5 (+144)

Total: 6 Over -106 | Under -114

Ratings courtesy of sport bets. Sign up for FanDuel Sportsbook today and get your first risk-free bet up to $ 1,000.

Detroit Red Wings vs. St. Louis Blues News, Analysis & Picks

There are only a handful of games with a total of 6, but the Detroit Red Wings and St. Louis Blues are among those clashes. Neither team mortgaged their defensive structure for attacking opportunities, which led to a low-scoring game in St. Louis.

The Blues have tried more than seven high-risk five-on-five chances just once in their last six games. Scoring chances and shots are also at the low end of the spectrum, as the Blues have attempted more than 21 scoring chances and 22 shots in just two of six games. This had a direct impact on production, with St. Louis scoring more than two five-on-five goals in just one of six games.

The Red Wings are in a similar offensive rut. Detroit has failed to register more than 15 goals and seven high-risk chances in any of its last four games. On average, the Wings are attempting just 14.5 points and 5.2 high danger chances per game during that streak. That kind of effort was expected of the Wings on the road this season, as they’ve tried over nine high-risk chances in just three games this season and over 21 scoring chances in four of 12 games.

We don’t expect either team to retire in tonight’s game, preferring to sit in their defensive cover rather than forcing the pace. This should help this game stay under the total.

Choices : Less than 6 -114


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Congressional leaders reach deal to raise debt ceiling https://columbus-chamber.org/congressional-leaders-reach-deal-to-raise-debt-ceiling/ Wed, 08 Dec 2021 08:23:11 +0000 https://columbus-chamber.org/congressional-leaders-reach-deal-to-raise-debt-ceiling/ Senatorial Minority Leader Mitch McConnell, R-Ky., Speaks during a press conference on Capitol Hill in Washington, Tuesday, December 7, 2021. (AP Photo / Carolyn Kaster) Carolyn Kaster PA WASHINGTON Congressional leaders reached an elaborate deal on Tuesday that will allow Democrats to lift the nation’s debt limit without a Republicans vote, likely avoiding another last-minute […]]]>

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Senatorial Minority Leader Mitch McConnell, R-Ky., Speaks during a press conference on Capitol Hill in Washington, Tuesday, December 7, 2021. (AP Photo / Carolyn Kaster)

PA

Congressional leaders reached an elaborate deal on Tuesday that will allow Democrats to lift the nation’s debt limit without a Republicans vote, likely avoiding another last-minute rush to avoid a federal default. Hours later, the House overwhelmingly passed laws based on which parties embarked on a multi-stage process.

Congress approved a $ 480 billion increase in the country’s debt limit in October. This is enough for the Treasury to fund government operations through Dec. 15, according to Treasury Secretary Janet Yellen’s projection.

But Republicans have warned that they will not vote for a future increase in the debt ceiling to ensure the federal government can meet its financial obligations, and instead, the politically unpopular measure would have to be fully adopted by the majority. Democrat in both houses of Congress.

President Joe Biden had called on Republicans to “step aside” if they don’t help Democrats take responsibility for the debt. But rather than step back and allow a quick vote, Senate Republican Leader Mitch McConnell has helped design an unusual legislative process that will unfold over the next few days. Donald Trump, the former president, ridiculed McConnell for authorizing any action, showing how the routine act of paying the country’s bills has become politically toxic.

“I think it’s in the best interest of the country,” said McConnell, R-Ky. “I think it’s in the best interests of the Republicans as well, who are very convinced that the previous debt ceilings we agreed to when President Trump was here got us through August. And this current debt ceiling is indeed about the future and not the past. “

The deal spelled out in the House bill passed on Tuesday sets the process for several days to come. In short, it would incorporate a provision to speed up the debt limitation process into a stand-alone Medicare bill that would prevent payment cuts to doctors and other health care providers. The measure was passed by the House by a vote of 222-212 with only the Republican, Representative Adam Kinzinger of Illinois, siding with the Democrats voting for the measure.

“House Republicans cannot support the use of patients and access to local doctors as leverage to increase our children’s national debt,” said Rep. Kevin Brady, R-Texas.

The measure now goes to the Senate, and if the Medicare Bill becomes law, it will open the process for the Senate to raise the debt ceiling through subsequent legislation with a single majority vote of democrats.

Senate Majority Leader Chuck Schumer, DN.Y., has issued an optimistic note about the passage of the debt ceiling plan.

“This is a very good result for the American people. We will avoid the default, which would have been disastrous. Democrats have always said we’re willing to shoulder the 50-vote load to make it happen as long as it isn’t a convoluted or risky process, and Chief McConnell and I made it happen. “

Key to the deal is that Democrats will have to vote on a specific amount by which the debt ceiling would be lifted. The amount has not yet been disclosed, but it is certainly a staggering sum. Republicans want to try and blame Democrats for the country’s growing indebtedness and tie it to Biden’s $ 1.85 trillion social and environmental bill.

“That Democrats raise the debt ceiling and be held politically accountable for accumulating more debt is my goal, and it helps us get there,” said R-Texas Senator John Cornyn.

The increase in the debt ceiling is, however, necessary to meet the financial obligations accumulated by both parties under the previous legislation. The vast majority predate Biden’s presidency.

“This is about meeting the obligations the government has already undertaken, largely under the Trump administration,” House Speaker Nancy Pelosi said in a letter to fellow Democrats. “Only three percent of the current debt has been accumulated under President Biden.”

Pelosi said tackling the debt ceiling would prevent a drastic increase in interest rates on auto loans, student debt, mortgages and other types of borrowing for Americans.

The bill before the House on Tuesday establishes a fast-track process for the days to come. A subsequent vote will be needed to pass the increase in the debt ceiling itself. Once the Senate does, the House will review the bill and send it to Biden for signature.

At their private lunch Thursday, Republican senators spoke out against the plan. Many of them will not support him.

GOP leadership Senator Roy Blunt, R-Mo., Said the lunch discussion went as planned – although he said the plan at least allowed Republicans to meet their goal to force Democrats to vote on their own to raise the debt ceiling by a specified amount.

Parliamentary machinations have struck some House lawmakers as an “absurd” but necessary means of dealing with the Senate, where filibuster rules allow the Republican minority to block action.

“We are practicing parliamentary contortions to try to help the Senate cope with this straitjacket they’ve got themselves into,” said Representative Jamie Raskin, D-Md., Said.


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Heavily indebted Canadian households about to feel the effects of the rate hike https://columbus-chamber.org/heavily-indebted-canadian-households-about-to-feel-the-effects-of-the-rate-hike/ Wed, 08 Dec 2021 02:27:32 +0000 https://columbus-chamber.org/heavily-indebted-canadian-households-about-to-feel-the-effects-of-the-rate-hike/ One of the world’s largest economies is handcuffed to over-indebted homebuyers. An Oxford Economics analysis examines two scenarios for rate hikes in Canada. Tony Stillo, the company’s chief economist, expects the Bank of Canada (BoC) to slowly raise interest rates. If the central bank follows this path, all households will bear the brunt of higher […]]]>

One of the world’s largest economies is handcuffed to over-indebted homebuyers. An Oxford Economics analysis examines two scenarios for rate hikes in Canada. Tony Stillo, the company’s chief economist, expects the Bank of Canada (BoC) to slowly raise interest rates. If the central bank follows this path, all households will bear the brunt of higher inflation. However, the mortgage repayment would see a minimal increase. If the central bank pursues a more aggressive program to fight inflation, households will feel a bigger pinch.

Canadian households owe $ 2.5 trillion in debt

Canadian households have accumulated mortgage debt during the pandemic. Total household debt reached $ 2.5 trillion in the third quarter of 2021, driven by $ 193 billion in mortgage debt since the fourth quarter of 2019. Mortgage debt accounts for 68.7% of household debt in Canada , up 4 points compared to the same period. Households accelerated their mortgage debt during the pandemic. It could cost them a lot more than expected in just a few months.

BoC plans to hike rates slowly and embrace high inflation

Oxford Economics has forecast one of the less aggressive rate hike schedules. They see the current rate of 0.25% to be maintained until the fourth quarter of 2022 and gradually increase to the “neutral” level of 2% by mid-2026. This is a very slow increase and unlikely to solve the inflation problems.

The company sees the BoC adopt higher inflation to keep debt holders comfortable. What would be the swell, right? If you haven’t borrowed as much as you can, your reward is seeing your purchasing power plummet. In a way, households would subsidize indebted households to make payments more manageable.

Stillo estimates a very manageable increase in the average payout in this scenario. They estimate that the debt service ratio (DSR) would drop from 6.3% in the third quarter of 2021 to 8.2% in the fourth quarter of 2023. This would be the same level of load as in 2018-2019 during the last BoC rate hike.

The company estimates that the average mortgage payment would increase by $ 86 in Q4 2023 and $ 236 in Q4 2026. Not exactly shocking, but not insignificant. If a median 30-year-old diverted that money from their retirement planning, it would create a shortfall of $ 200,000 by the age of 65. Small changes can have a big impact. This is the reason why people lend money, however.

If the BoC rises to curb inflation, indebted households will pay a lot more

Canadian households will be exposed to much higher debt repayments if the BoC tries to fight inflation. They expect the central bank to start raising rates early next year under this scenario. Interest rates would hit the neutral zone of 2% in mid-2023, more than three years earlier than in the ideal scenario. The more aggressive schedule is more in line with the forecasts of financial institutions.

Aggressive increases to curb inflation would lead to a sharp increase in the debt burden. Households would see their DSR exceed the peaks of 2018-2019 during the latest rate hikes in the fourth quarter of 2022. In the fourth quarter of 2026, we could see the DSR reach 10%, which corresponds to the high before the global financial crisis . The average mortgage would increase by $ 166 by the end of 2023 and “… put a strain on household finances.”

When most people hear “straining household finances” they think of mortgage defaults. Hell breaks loose and the world ends. This is not the case. These heavily indebted households would likely be content to reduce their consumption.

Reduced consumption seems terrible until you realize it happens in either scenario. If indebted households do not reduce their consumption because of higher rates, inflation remains high. If inflation is high, everyone reduces their consumption as purchasing power declines. Extend low rates to save heavily indebted households, or prevent the entire population from taking a hit? A tough guy, I know.

With inflation being such a widespread problem, that is why institutions are betting on the hike soon. The National Bank of Canada (BNC) said the recovery would be in jeopardy if rates do not rise in the next quarter. Scotiabank has also forecast eight rate hikes over the next two years. It’s similar to Stillo’s aggressive storyline. Either way, it might be time to redesign that budget if you’ve recently been the victim of a mortgage debt frenzy.


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Mississippi Mortgage Company comments on increase in compliant loan limits for 2022 https://columbus-chamber.org/mississippi-mortgage-company-comments-on-increase-in-compliant-loan-limits-for-2022/ Tue, 07 Dec 2021 08:00:00 +0000 https://columbus-chamber.org/mississippi-mortgage-company-comments-on-increase-in-compliant-loan-limits-for-2022/ Columbus, Dec. 7, 2021 (GLOBE NEWSWIRE) – JTS & Co., a Mississippi mortgage company, advises existing and potential clients of the increase in compliant loan limits that has been announced by the Federal Funding Agency of Housing (FHFA) on November 30, 2021. Fannie Mae and Freddie Mac are limited by law to purchasing only single-family […]]]>

Columbus, Dec. 7, 2021 (GLOBE NEWSWIRE) – JTS & Co., a Mississippi mortgage company, advises existing and potential clients of the increase in compliant loan limits that has been announced by the Federal Funding Agency of Housing (FHFA) on November 30, 2021.

Fannie Mae and Freddie Mac are limited by law to purchasing only single-family mortgages with original balances below a specific amount known as a Compliant Loan Limit (CLL). Thus, the compliant loan limit applies to all mortgages to be acquired by the two government sponsored companies (ESGs). The limit for single unit properties has been changed from the previous value of $ 548,250 which was applicable throughout 2021 and has been increased to $ 647,200 for the following year, 2022. This increase in the limit loan is applicable to all contiguous states, the District of Columbia, and Puerto Rico. It is not applicable in four high-cost U.S. counties or legally designated county equivalents, namely Alaska, Hawaii, Guam, and the U.S. Virgin Islands.

Fannie Mae and Freddie Mac are bound by the formula established under the Housing and Economic Recovery Act 2008 (HERA) to adjust the baseline CLL each year to reflect the October-October percentage change in the average price homes across the country. According to the nominal, seasonally adjusted and widened FHFA House Price Index (FHFA HPI) report of the third quarter of 2021, house prices increased by 18.05%, on average, between the third quarters of 2020 and 2021. The change in the benchmark CLL for 2022 was therefore made to reflect this increase and set at the same percentage as the increase in house prices.

High cost areas have a different applicable loan limit that is higher than the benchmark loan limit. In areas where 115% of the median home value exceeds the baseline compliant loan limit, HERA sets the high cost area limit as a multiple of the median home value, while setting a ceiling of 150% of the basic limit. Therefore, the new loan limit limit for single unit properties in high cost areas will be $ 970,800, or 150% of $ 647,200.

A spokesperson for JTS & Co. commented on the all-new compliant loan limits for 2022, saying, “With the increase in compliant loan limits, our clients can now aim for the home of their dreams that was, until now, financially just a little overpriced. reach for them. Now you can enjoy the convenience of a larger mortgage that will allow you to afford the home you still have in mind, but whose asking price has not kept you within compliant loan limits and reaping the benefits. benefits that flow from it. You can now benefit from a lower APR on a higher mortgage value, which will reduce the total amount the loan will cost you, including the lender’s fees. Plus, no residency restrictions will apply to your purchase, which means you can buy that second home or investment property with confidence. When you’ve made your decision on your next home purchase and you’re finally ready to pull the trigger, give our office a call. We will help you with a wide range of services such as buying a home, refinancing, or withdrawing money from your home equity. You’ll be hard pressed to find another mortgage service that offers a more streamlined process at lower rates and such amazing service as ours.

There are two simple and convenient ways that applicants can prequalify for company services. They can either speak with one of the company’s highly trained specialists who will help the applicant through their fast and streamlined mortgage process, or they can use an online resource that offers a stress-free way to go through the mortgage loan process. asks at his own pace. Both methods offer the requester the same incredibly low rates along with top notch customer service. The company maintains full transparency throughout the process and never forces the customer to talk to aggressive salespeople.

Readers can contact the company at phone number (662) 329-9090 or check the company’s Facebook page to stay up to date with all relevant news.

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For more information on JTS & Co. – NMLS # 55275, contact the company here:

JTS & Cie – NMLS # 55275
Tyler Farnham – NMLS # 1450553
(662) 329-9090
tfarnham@jts-co.com
4158 highway. 45 North,
Columbus, MS 39705

CONTACT: Tyler Farnham - NMLS#1450553


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