Latest Home buying News

FILE - In this July 21, 2020, file photo, a homeowner tours his new home, in Washingtonville, N.Y. U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan declined to 2.86% from 2.93% last week. (AP Photo/John Minchillo, File)

Mortgage rates tick up to 2.9%, remain at historic lows

Sep. 24, 2020 10:01 AM EDT

SILVER SPRING, Md. (AP) — U.S. average rates on long-term mortgages rose slightly this week but remain at historically low levels. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan edged up to 2.90% from 2.87% last week. One year ago, the rate averaged 3.64%. The...

Federal Reserve Chair Jerome Powell testifies during a House Select Subcommittee on the Coronavirus Crisis hearing on Capitol Hill in Washington on Wednesday, Sept. 23, 2020. (Kevin Dietsch/Pool via AP)

Powell faces lawmakers' skepticism on some Fed aid programs

Sep. 23, 2020 1:54 PM EDT

WASHINGTON (AP) — Chairman Jerome Powell on Wednesday defended the Federal Reserve's efforts to support the economy during the pandemic-induced recession from assertions that its programs bungled aspects of its response. A House subcommittee released a staff analysis that found that a program in which the...

FILE - In this April 1, 2020 photo, a

US homes sales rise 2.4% in August

Sep. 22, 2020 1:07 PM EDT

SILVER SPRING, Md. (AP) — Sales of existing homes rose 2.4% in August to its highest level since 2006 as the housing market recovers from a widespread shutdown in the spring brought on by the coronavirus outbreak. The National Association of Realtors said Tuesday that sales rose to a seasonally adjusted...

FILE - In this July 21, 2020, file photo, a homeowner tours their new home, in Washingtonville, N.Y. When it comes to buying a home, it’s common to focus all your saving efforts on the down payment.  But set a savings goal for other homeownership costs, too, especially in that first year. (AP Photo/John Minchillo, File)

Millennial Money: Home costs don't stop at a down payment

Sep. 22, 2020 7:35 AM EDT

If you’re saving for your first home, there’s no shortage of advice out there — some of it questionable, even if you do have an avocado toast habit. Still, it’s true that your down payment may be the biggest check you ever write. But once you move in, it’s also true that the...

FILE - In this June 22, 2016 file photo, a waitress serves customers beer at a restaurant in Dubai, United Arab Emirates. In mid-September 2020, Abu Dhabi, the conservative capital of the United Arab Emirates, eliminated its licensing system for alcohol purchases allowing Muslims previously barred from obtaining licenses to be able to purchase from retailers. (AP Photo/Kamran Jebreili, File)

Abu Dhabi, UAE's conservative capital, ends alcohol licenses

Sep. 21, 2020 8:09 AM EDT

DUBAI, United Arab Emirates (AP) — Abu Dhabi, the conservative capital of the United Arab Emirates, is eliminating its licensing system for alcohol purchases for drinkers after Dubai repeatedly loosened its own rules to boost sales and tourism amid the ongoing coronavirus pandemic. The emirate's Department...

FILE - In this July 21, 2020, file photo, a homeowner tours his new home, in Washingtonville, N.Y. U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan declined to 2.86% from 2.93% last week. (AP Photo/John Minchillo, File)

US long-term mortgage rates change little; 30-year at 2.87%

Sep. 17, 2020 1:41 PM EDT

WASHINGTON (AP) — U.S. average rates on long-term mortgages changed little this week as they hover at historically low levels. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan edged up to 2.87% from 2.86% last week. By contrast, the rate averaged 3.73% a year ago....

Democratic presidential candidate and former Vice President Joe Biden speaks about climate change and wildfires affecting western states, Monday, Sept. 14, 2020, in Wilmington, Del. (AP Photo/Patrick Semansky)

The Latest: Biden vows to 'restore dignity for everyone'

Sep. 14, 2020 8:33 PM EDT

WASHINGTON (AP) — The Latest on the U.S. presidential campaign (all times local): 8:20 p.m. Democratic presidential nominee Joe Biden is promising to “restore dignity for everyone, especially the poor” if he defeats President Donald Trump in November. Biden made his pledge Monday to an online...

Vermont NAACP leader moving, says harassment too much

Sep. 12, 2020 2:49 PM EDT

WALLINGFORD, Vt. (AP) — The leader of a Vermont branch of the NAACP is selling her home over what she describes as months of racially motivated harassment targeting her and her children. Tabitha Moore, director of the Rutland Area chapter of NAACP, tells the Rutland Herald in a story published Friday...

HFM*A photograph of Army veteran Damian Daniels is displayed before mourners during his funeral at Alabama National Cemetery in Montevallo, Ala., on Friday, Sept. 11, 2020. Daniels, an Alabama native who served in Afghanistan, was fatally shot by a sheriff's deputy at his home in San Antonio, Texas, last month. Relatives say he was troubled mentally. (AP Photo/Jay Reeves)

Combat vet killed by Texas deputy buried in Alabama on 9/11

Sep. 11, 2020 11:26 PM EDT

MONTEVALLO, Ala. (AP) — His Army stint complete after serving in Afghanistan, Damian Daniels left Alabama to begin a new life in Texas. He bought a house, enrolled in college and supported the Black Lives Matter movement. Black himself, Daniels was working to start a new business when paranoid...

FILE - In this July 21, 2020, file photo, a homeowner tours his new home, in Washingtonville, N.Y. U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan declined to 2.86% from 2.93% last week. (AP Photo/John Minchillo, File)

US long-term mortgage rates fall; 30-year at 2.86%

Sep. 10, 2020 11:36 AM EDT

WASHINGTON (AP) — U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan declined to...