Latest Home buying News
Mortgage rates tick up to 2.9%, remain at historic lows
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...
Powell faces lawmakers' skepticism on some Fed aid programs
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...
US homes sales rise 2.4% in August
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...
Millennial Money: Home costs don't stop at a down payment
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...
Abu Dhabi, UAE's conservative capital, ends alcohol licenses
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...
US long-term mortgage rates change little; 30-year at 2.87%
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....
The Latest: Biden vows to 'restore dignity for everyone'
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
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...
Combat vet killed by Texas deputy buried in Alabama on 9/11
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...
US long-term mortgage rates fall; 30-year at 2.86%
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...
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