Mortgage rates increase again to over 4.5%
As expected, mortgage rates are now increasing due to the Federal Reserve raising the benchmark short-term interest rate by a quarter point. First they hit 4%, now they’re up to…
Real State
Prices for homes surge 18.4%
The housing market is booming following the coronavirus recession. The price of homes in Phoenix are up the most, 32.3% since a year ago. The Associated Press has the story:…
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Treasury wants oversight of all-cash real estate deals
The U.S. Treasury wants more control over anything having to do with cash, that find its way into American’s pockets, and especially in the world of real estate deals, even…
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Wealthy dog selling mansion once owned by Madonna
A dog who inherited his mansion from his grandfather, who inherited it from his owner, is now selling the $31.75 million Florida home. The German countess Karlotta Liebenstein gave it…
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General increase in stocks, Pfizer up to FDA approval
The Nasdaq composite ended close to an all-time high on Monday and the S&P 500 rose 0.9%. Pfizer rose 2.5% due to the FDA giving full approval to its COVID-19…
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Mortgage rates fall, 30-year at 2.77%
It’s been a good run for mortgage rates over the past six weeks, as the 30-year home loan remains under 3%. At 2.77%, it’s lower than a year ago. The…
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Robinhood joins the stock market
The stock market app for the everyday American has joined the stock market itself. Robinhood, which leaped to infamy over restricting the sale of certain stocks earlier this year, debuted…
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New home sales at lowest level in over a year
New home sales continue dropping, down 19.4% from a year ago. A shortage of homes on the market and rising costs for material such as lumber and also higher labor…
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Americans home contract signings increase in May
SILVER SPRING, Md. (AP) — More Americans signed contracts to buy homes in May, a surprising rebound after months of cooling in the housing market, where lack of inventory has…
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US existing home sales drop as prices continue to fly up
WASHINGTON (AP) — Sales of previously-occupied homes fell for the fourth straight month in May as soaring prices and a limited number of available properties discouraged many would-be buyers. Existing…
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Mortgage rates dip this week
Mortgage rates stayed lower this week, with the 30-year home loan falling to 2.93%. That rate has only topped 3% twice this year, in late February and April when 30-year…
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