Latest Home buying News

US mortgage rates fell this week, boosting housing market

Nov. 21, 2019 3:19 PM EST

WASHINGTON (AP) — U.S. mortgage rates turned down this week, lowering the cost of purchasing a home and supporting the housing market. Mortgage giant Freddie Mac said Thursday that the average rate for a 30-year fixed mortgage fell to 3.66% this week from 3.75% last week. The average 15-year rate declined...

US home sales rose 1.9% last month, lifted by lower rates

Nov. 21, 2019 12:25 PM EST

WASHINGTON (AP) — Americans took advantage of lower mortgage rates and purchased more homes in October, though sales were held back by a shortage of available properties. The National Association of Realtors said Thursday that sales of existing homes rose 1.9% last month to a seasonally adjusted annual...

Give the gift of winter white this holiday season

Nov. 21, 2019 11:06 AM EST

NEW YORK (AP) — White is snow and Santa’s beard, so why not share the joy by embracing the color in holiday gifts? The possibilities are endless, from home decor to apparel, bespoke to a quick online purchase. Some ideas in winter white: HOME “For the Love of White: The White & Neutral...

Ex-Houston officers face federal charges in deadly drug raid

Nov. 20, 2019 6:02 PM EST

HOUSTON (AP) — Two former Houston police officers are facing federal charges accusing them of providing false information in a January drug raid that left two people dead and several officers injured, authorities said Wednesday. The federal counts follow state charges filed in the case in August, including...

US housing starts climbed 3.8% in October

Nov. 19, 2019 8:47 AM EST

WASHINGTON (AP) — U.S. home building jumped 3.8% in October, a positive sign for the overall economy as developers anticipate steady demand. The Commerce Department said Tuesday that housing starts reached a seasonally adjusted annual rate of 1.31 million. Starts for single-family houses were up 2%,...

Partisan vote in House for Export-Import Bank measure

Nov. 15, 2019 12:49 PM EST

WASHINGTON (AP) — The Democratic-controlled House split along party lines Friday to pass a measure renewing the charter of the Export-Import Bank, a U.S. agency that provides loans and other help to foreign buyers of U.S. exports. Just 13 Republicans joined with Democrats to pass the measure, a tally that...

Trump to confront Turkey about buying Russian defense system

Nov. 10, 2019 9:12 PM EST

NEW YORK (AP) — President Donald Trump will confront Turkey's leader about his decision to buy a Russian air defense system when they meet this week at the White House amid strained relations between the two NATO allies. Trump's national security adviser, Robert O'Brien, said Sunday that the United States...

Bloomberg's wealth gives him options his rivals don't enjoy

Nov. 8, 2019 6:17 PM EST

WASHINGTON (AP) — There are many questions surrounding Michael Bloomberg's potential presidential candidacy. Whether he'll have enough money to sustain a lengthy and bruising campaign is not one of them. The billionaire former New York City mayor opened the door this week to a potential Democratic White...

US mortgage rates fall this week from 3-month high

Nov. 7, 2019 11:51 AM EST

WASHINGTON (AP) — Mortgage rates slipped this week from the highest level since July and remain at historically low levels that are helping would-be purchasers to buy homes. Mortgage giant Freddie Mac said Thursday that the average rate for a 30-year fixed-rate mortgage declined to 3.69% from 3.78% last...

Apple commits $2.5B to combat California housing crisis

Nov. 4, 2019 7:42 PM EST

Apple on Monday said it will put up $2.5 billion toward easing California's housing crisis. The sum from Apple eclipses pledges by fellow Silicon Valley giants Google and Facebook for addressing the lack of affordable housing in a region where affluent tech workers have helped drive up the cost of homes. Apple's...