WASHINGTON — Average long-term mortgage rates have fallen for the first time in four weeks and remain near historic lows reached in May 2013. Mortgage giant Freddie Mac said Thursday that the national average for a 30-year, fixed-rate mortgage fell ...Read More »
ORLANDO, Fla. – As Florida’s housing market tanked seven years ago, construction worker David Rager saw jobs dry up. So he left construction, along with 2.3 million others nationwide during the economic downturn, and got a job installing traffic signals ...
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WASHINGTON — Transcripts of Federal Reserve meetings in 2009 showed central bank officials struggling to contain the worst financial crisis in seven decades and searching for the right policies to halt a deepening economic downturn. The transcripts released Wednesday revealed ...Read More »
WASHINGTON — The Supreme Court will decide whether a bank discriminated against the wives of two Missouri real estate developers by requiring them to guarantee their husbands’ business loans. The justices said Monday they will hear an appeal of Valerie ...
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WASHINGTON — U.S. construction spending fell in January, reflecting weakness in spending on office buildings and other nonresidential projects and in government activity. Construction spending fell 1.1 percent in January following a revised 0.8 percent increase in December, the Commerce ...
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NEW YORK — Morgan Stanley, which agreed to a $2.6 billion settlement with the federal government last week, says it expects to be sued by New York Attorney General Eric Schneiderman over subprime mortgage bonds. The investment bank says it ...Read More »
WASHINGTON — The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit. The Commerce Department said Friday that the economy as measured by the ...Read More »
WASHINGTON — The number of Americans signing contracts to buy homes rose at a healthy pace in January, a sign that home sales are poised to accelerate after a slow start to the year. The National Association of Realtors said ...Read More »
WASHINGTON — Sales of new U.S. homes were basically flat in January, evidence that recent job gains and relatively low mortgage rates have yet to spur the real estate market. The Commerce Department said Wednesday that new home sales slipped 0.2 percent ...
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