As US housing recovers, low incomes keep Detroit far behind
By COREY WILLIAMS Ann and Oscar Mack had fallen behind on property taxes and knew they faced foreclosure on their home of 20 years. But they didn’t know their house…
Mortgages
Average US 30-year loan rate falls to 3.73 pct.
Average U.S. mortgage rates started the year by dipping to new lows, with the benchmark 30-year rate marking its lowest level since May 2013. The mortgage giant Freddie Mac says…
US existing home sales fall 3.2 pct. in October
By PAUL WISEMAN In this Thursday, Nov. 14, 2013, photo, a home is advertised for sale in Matthews, N.C. The National Association of Realtors reports on sales of previously occupied…
JPMorgan, government finalizes deal
By PETE YOST and MARCY GORDON FILE – The JPMorgan Chase & Co. logo is displayed at their headquarters in New York, in this Monday, Oct. 21, 2013, file photo.…
US homebuilder confidence holds steady in November
By ALEX VEIGA In this Monday, Nov. 11, 2013, photo, workers build a new home in Pepper Pike, Ohio. National Association of Home Builders releases housing market index for November,…
Average US rate on 30-year mortgage at 4.35 pct
By MARCY GORDON FILE – In this Thursday, Aug. 22, 2013, file photo, an existing home is listed as sold, in Gilbert, Ariz. Freddie Mac reports on mortgage rates for…
SHUTDOWN IMPACT: DEFENSE WORKERS RETURN TO WORK
Protestors hold signs during a during an event with the Democratic Progressive Caucus and furloughed federal employees on Capitol Hill in Washington, Friday, Oct. 4, 2013, as the budget battle…
FANNIE MAE POSTS $10.1B NET INCOME FOR 2Q
By MARCY GORDON FILE – In this Aug. 8, 2011, photo, the Fannie Mae headquarters is seen in Washington. Fannie Mae reports its earnings for the January-March quarter on Thursday…