Sign in to comment!

Menu
Home

U.S.

High-skilled visa requests exceed supply in 1 week

The Homeland Security Department has received more applications for high-skilled immigration visas than are available and will use a lottery to select which companies will receive them and then pass them on to prospective employees.

U.S. Citizenship and Immigration Services started accepting petitions for the 85,000 highly coveted visas on Monday. In a statement Friday, the agency said it will stop accepting requests at the end of the day.

The government says that a computer-based lottery will decide which companies will get the H-1B visas, which are prized by Microsoft, Apple, Google and other tech companies. This is the first time since 2008 that the government has had to use a lottery to dole out the visas.

The government had predicted that demand would quickly outpace available visas.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.92% dw 3.97%  
15 Y Fixed Graph 3.00% dw 3.08%  
30 Y Fixed Jumbo Graph 4.23% dw 4.37%  
5/1 ARM Graph 3.48% up 3.44%  
5/1 Jumbo ARM Graph 3.66% up 3.65%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.56% dw 4.59%  
$50K HELOC Graph 4.07% up 4.06%  
$30K Loan Graph 4.96% dw 4.98%  
$50K Loan Graph 4.34% -- 4.34%  
$75K Loan Graph 4.34% -- 4.34%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.66% dw 2.67%  
36 M Used Graph 3.18% -- 3.18%  
48 M New Graph 2.94% -- 2.94%  
48 M Used Graph 2.79% -- 2.79%  
60 M New Graph 3.05% -- 3.05%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.40% dw 0.41%  
1 yr Graph 0.71% dw 0.73%  
5 yr Graph 1.50% up 1.45%