National News

Aug 4, 2016

Fannie Mae posts $2.9B profit in 2Q; paying $2.9B dividend

WASHINGTON (AP) — Fannie Mae reported net income of $2.9 billion from April through June, down from a year earlier as low interest rates brought losses for the mortgage giant […]

Aug 1, 2016

US construction spending drops 0.6 percent in June

WASHINGTON (AP) — U.S. construction spending fell for a third straight month in June with spending on nonresidential construction dropping by the largest amount in six months. Construction spending fell […]

Jul 27, 2016

Fed’s more upbeat tone suggests rate hike as early as Sept.

WASHINGTON (AP) — The Federal Reserve said Wednesday that near-term risks to the U.S. economy have diminished, reviving the prospect that it will resume raising interest rates as soon as […]

Jul 27, 2016

As Fed ends meeting, few expect much clarity on next hike

WASHINGTON (AP) — With consumers spending and employers hiring more freely, the U.S. economy has fared better of late. But when the Federal Reserve ends its latest policy meeting Wednesday, […]

Jul 26, 2016

US new-home sales climbed in June to more than 8-year high

WASHINGTON (AP) — Americans bought new homes in June at the fastest pace in more than eight years, a sign that a solid job market and low mortgage rates are […]

Jul 26, 2016

As Fed meets, no rate hike is expected until late this year

WASHINGTON (AP) — On again. Off again. On again? Anyone trying to peg the likelihood of a Federal Reserve interest rate hike this year has been subject to a topsy-turvy […]

Jul 25, 2016

Appeals court blames founder for Montana club’s bankruptcy

BILLINGS, Mont. (AP) — A three-judge panel has reversed a lower court’s ruling that reduced the damages owed by a former billionaire real estate mogul in the bankruptcy of a […]

Jul 25, 2016

Report: ‘Brexit’ move raises risks to US financial stability

WASHINGTON (AP) — Britain’s decision to quit the European Union has elevated the risks to U.S. financial stability, though they remain moderate, U.S. Treasury Department experts say. The report issued […]

Jul 25, 2016

Airbnb sues hometown San Francisco over rental regulation

SAN FRANCISCO (AP) — San Francisco wants people who rent out their homes through Airbnb and other online platforms to follow some rules, and it wants the platforms to advertise […]

Jul 22, 2016

US home rental price growth pulls even with wages

WASHINGTON (AP) — U.S. renters are seeing their housing costs rise at a much more manageable pace, as new construction has tempered years of runaway increases in rent. Real estate […]

Jul 21, 2016

Still-low mortgage rates ushering new refi wave

The last time Mark McCollam refinanced the loan on his three-bedroom house in Los Angeles, he figured mortgage rates would only head higher from there. He was wrong. Not that […]

Jul 21, 2016

Average US 30-year mortgage rate rises to 3.45 percent

WASHINGTON (AP) — Long-term U.S. mortgage rates edged higher this week, remaining near historically low levels as a continued enticement to prospective homebuyers. Mortgage giant Freddie Mac said Thursday the […]

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