Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties

WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week as the prospect of a year-end interest-rate increase by the Federal Reserve grew more likely. Mortgage giant Freddie Mac said Thursday the average for a 30-year fixed-rate mortgage increased to ...

Tagged with: 30-year home mortgage rate

ATLANTIC CITY, N.J. (AP) — Selling hundreds of abandoned buildings is Atlantic City’s latest effort to raise money for its troubled finances and fight off a threatened state takeover. Atlantic City plans to take possession of nearly 500 abandoned buildings ...

Tagged with: Atlantic City

NEW YORK (AP) — Wells Fargo’s embattled CEO John Stumpf is stepping down as the nation’s second-largest bank is roiled by a scandal over its sales practices. The San Francisco bank said Stumpf is retiring effective immediately and also relinquishing ...

Tagged with: Wells Fargo

For a storm that inflicted less damage than many had feared, Hurricane Matthew nevertheless impaired or destroyed more than 1 million structures, forced businesses from Florida to North Carolina to close and put thousands temporarily out of work. In many ...

Tagged with: Hurricane

SANTA FE, N.M. (AP) — Donald Trump’s wealth has helped define the 2016 presidential race and it is also shaping the campaign’s tax debate. Trump contends he has the expertise to fix the tax code and close loopholes like the ...

Tagged with: Donald Trump Hillary Clinton

WASHINGTON (AP) — A federal appeals court has ruled that the structure of a U.S. consumer watchdog agency is unconstitutional because it gives too much power to a single agency director. The ruling issued Tuesday said the way the Consumer ...

Tagged with: Consumer Financial Protection Bureau

ABBEVILLE, Ala. (AP) — There is something about a simple glance down Doswell Street to the Archie Theatre in this small Henry County town that makes Guen Woodham smile. No, the theatre isn’t showing movies. It hasn’t in a long ...

Tagged with: Abbeville

WASHINGTON (AP) — U.S. employers added a decent 156,000 jobs in September, even while an influx of job seekers lifted the unemployment rate slightly to 5 percent. The rise in people seeking work is an encouraging sign that Americans are ...

Tagged with: unemployment

BISMARCK, N.D. (AP) — Crediting “barstool science,” a small-town tavern in central North Dakota is laying claim as the center of North America after snatching the title from a nearby city that allowed its trademark to lapse. Hanson’s Bar in ...

Tagged with: North America

HARTFORD, Conn. (AP) — Connecticut officials say RBS Securities Inc. will pay the state $120 million to end an investigation of its underwriting of mortgage-backed securities before the financial crisis in 2008. State Attorney General George Jepsen and Department of ...

Tagged with: mortgage