Nacho Monreal on verge of leaving Arsenal after agreeing contract with Real Sociedad

first_imgMonreal has spent over six years at Arsenal (Getty Images)The report claims that Monreal will sign a two-year contract with the option of a third season with the Spanish club.AdvertisementAdvertisementReal Sociedad are confident that the transfer will be completed next week and are planning to finalise an agreement following Arsenal’s clash with Liverpool at Anfield on Saturday evening.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityMarca report that Real Sociedad will pay Arsenal a ‘small fee’ for the left-back.Monreal has started both of Arsenal’s Premier League games so far against Newcastle United and Burnley but Sead Kolasinac is back in contention to be selected.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Metro Sport ReporterSaturday 24 Aug 2019 12:47 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.1kShares Comment Nacho Monreal on verge of leaving Arsenal after agreeing contract with Real Sociedad Advertisement Advertisement Nacho Monreal is set to leave Arsenal (Getty Images)Nacho Monreal is on the verge of leaving Arsenal after agreeing a contract with Real Sociedad, according to reports in Spain.The 33-year-old has spent just over six years with the Gunners but could fall down the pecking order this season following the signing of Kieran Tierney from Celtic earlier this summer.Unai Emery has already confirmed that Arsenal are open to selling Mohamed Elneny and Shkodran Mustafi before the transfer window closes across Europe.But according to Marca, the Gunners are also set to offload Monreal as they are close to reaching an agreement with Real Sociedad.ADVERTISEMENTlast_img read more

MBA Mortgage Apps Jump as Low Rates Draw Consumers

first_imgMBA: Mortgage Apps Jump as Low Rates Draw Consumers Agents & Brokers Attorneys & Title Companies Fixed-Rate Mortgage Investors Lenders & Servicers Mortgage Applications Mortgage Bankers Association Mortgage Rates Processing Service Providers 2011-06-15 Ryan Schuette Share in Data, Originationcenter_img June 15, 2011 463 Views Representing a nudge in the right direction for the origination market, the “”Mortgage Bankers Association””:http://www.mortgagebankers.org (MBA) reported a 13 percent swell in home loan applications submitted last week, up from the record low reported by the trade group just one week earlier. It was the biggest gain recorded in three months. [IMAGE]According to the MBA’s “”Weekly Mortgage Applications Survey””:http://www.mortgagebankers.org/NewsandMedia/PressCenter/76876.htm, which measures trends in the mortgage lending industry across 15 indices, overall loan application volume increased by 13 percent on a seasonally adjusted basis and 24.5 percent on an unadjusted basis.””Low rates are driving consumers back to loans,”” said Michael Fratantoni, MBA’s VP of research and economics. “”Mortgage rates had dropped over eight [of] nine weeks and we’re [at] four and a half percent for [30-year] fixed rates. For refinance borrowers, the [low] rate is the primary driver in their decisions to apply for new loans.””MBA’s Refinance Index jumped 16.5 percent for the week ending June 10. The refinance share of mortgage activity increased to 70.0 percent of total applications from 67.3 percent the previous week. This is the highest refinance share since late January.[COLUMN_BREAK]The seasonally adjusted Purchase Index was up 4.5 percent compared to a week earlier. Unadjusted, the index climbed 14.2 percent from the previous week, representing a 6.1 percent boost from the same week in 2010.Meanwhile, the four-week moving averages for the seasonally adjusted Market and Purchase Indices leapt 2.4 and 0.3 percent, respectively, while the same for the Refinance Index rose 3.1 percent. MBA reported that interest rates for 30-year fixed-rate mortgages fell from 4.54 percent to 4.51 percent, hitting bottom for the first time since November 19th of last year. The points for these rates increased from 1.05 to 0.94 for 80 percent of the loan-to-value (LTV) ratio loans. Fifteen-year fixed mortgages also held their lowest rate since November, remaining at 3.67 percent from last week, with points staying at 1.06 for 80 percent LTV.Fratatoni said that the “”fairly big jump in [refinance] applications”” occurred in a market where homebuyers have less equity in their homes. He added that refi apps are still 28 percent below where they stood seven months ago.He predicted an increase in loan rates “”over the next year to 18 months”” despite the low origination volume, attributing the hopeful rise to a “”slow but steady recovery in the broader economy and some improvement in the job market.””As long-term treasury and mortgage rates follow short-term rates, Fratatoni added, fixed-year mortgage rates will trend upward, with refinance volume dipping. He anticipates short-term rates keeping home prices low, a variable that household income could complement if job growth trends upward.MBA is a national association that represents the real estate finance industry.last_img read more