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Today: January 21, 2025
Today: January 21, 2025
ALEX VEIGA

ALEX VEIGA

Staff Writer

Latest From ALEX VEIGA

Business|Economy|Finance|News|US

Average long-term US mortgage rate rises modestly this week, holding just below 7%

The average long-term U.S. mortgage rate rose modestly this week, holding below 7% as it has for much of this year

Average long-term US mortgage rate rises modestly this week, holding just below 7%
Business|Economy|Finance|US

Investors pushing for fatter yields on mortgage-backed securities may undercut easing mortgage rates

Mortgage rates are expected to come down later this year, but any benefit to homebuyers could be muted by developments in the market for financial instruments tied to mortgages

Investors pushing for fatter yields on mortgage-backed securities may undercut easing mortgage rates
Business|Economy|Finance|News|US

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March

The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March
Business|Economy|News

Homebuyers’ quandary: to wait or not to wait for lower mortgage rates

Shop for a home now or hold out for possibly lower mortgage rates

Homebuyers’ quandary: to wait or not to wait for lower mortgage rates
Business|Economy|News

Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising

The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices

Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising
Business|Economy|Finance|US

Average long-term US mortgage rate climbs above 7% to highest level since late November

Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months

Average long-term US mortgage rate climbs above 7% to highest level since late November
Business|Economy|Finance|News|US

Average long-term US mortgage rate climbs for fourth straight week to highest level since November

The average long-term U.S. mortgage rate climbed this week to its highest level since late November, another setback for home shoppers in what’s traditionally the housing market’s busiest time of the year

Average long-term US mortgage rate climbs for fourth straight week to highest level since November
Business|Economy|Finance

Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits

A real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide

Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits
Business|Economy|Finance|US

Average long-term US mortgage rate rises for again, reaching highest level more than five months

The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the housing market’s busiest stretch of the year

Average long-term US mortgage rate rises for again, reaching highest level more than five months
Business|Economy|Finance|News|Stock Markets|US

Stock market today: Wall Street rallies after hiring shows welcome signs of cooling

Stocks closed sharply higher on Wall Street, erasing their losses for the week, after the government reported a cooldown in hiring last month

Stock market today: Wall Street rallies after hiring shows welcome signs of cooling
News|Business|Technology|US

Boeing locks out its private firefighters around Seattle over pay dispute

Boeing has locked out its private force of firefighters who protect its aircraft-manufacturing plants in the Seattle area and brought in replacements after the latest round of negotiations with the firefighters’ union failed to deliver an agreement on wages

Boeing locks out its private firefighters around Seattle over pay dispute
Business|Finance|US

Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits

Redfin has agreed to pay $9.25 million to settle federal lawsuits that claim U.S. homeowners were saddled with artificially inflated broker commissions when they sold their home as a result of longstanding real estate industry practices

Redfin agrees to pay $9.25 million to settle real estate broker commission lawsuits
Business|Economy|Finance|Lifestyle|US

Spending on home renovations slows, but high remodeling costs mean little relief in sight for buyers

Homeowners have been spending more for renovations in recent years, as high interest rates and inflation drove up costs for everything from flooring to refrigerators

Spending on home renovations slows, but high remodeling costs mean little relief in sight for buyers
Business|Finance|News|US

James Simons, mathematician, philanthropist and hedge fund founder, has died

James “Jim” Simons, a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one of the nation’s biggest philanthropists, has died at age 86

James Simons, mathematician, philanthropist and hedge fund founder, has died
Business|Economy|Finance|US

Long-term mortgage rates ease for third straight week, dipping to just below 7%

The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties

Long-term mortgage rates ease for third straight week, dipping to just below 7%
Business|Economy|Finance|News|US

Mortgage rates snap three-week pullback, pushing average rate on a 30-year home loan back above 7%

The average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers at a time when the U.S. housing market is already slowing under the strain of elevated home loan borrowing costs and rising prices

Mortgage rates snap three-week pullback, pushing average rate on a 30-year home loan back above 7%
Economy|News|US

Little relief: Mortgage rates ease, pulling the average rate on a 30-year home loan to just below 7%

The average rate on a 30-year mortgage dipped to just below 7% this week, little relief for prospective homebuyers already facing the challenges of rising housing prices and a relatively limited inventory of homes on the market

Little relief: Mortgage rates ease, pulling the average rate on a 30-year home loan to just below 7%
Business|Finance|Stock Markets

GameStop shares plunge even as meme stock booster 'Roaring Kitty' says company is on the right track

The investor at the center of the pandemic meme stock craze says he still believes GameStop’s management team can turn the struggling video game retailer around

GameStop shares plunge even as meme stock booster 'Roaring Kitty' says company is on the right track
Economy|Finance|News|US

Mortgage rates ease for second straight week, leaving average rate on a 30-year home loan at 6.95%

Mortgage rates eased again this week, though the latest pullback leaves the average rate on a 30-year home loan at close to 7%, where it’s been much of this year

Mortgage rates ease for second straight week, leaving average rate on a 30-year home loan at 6.95%
Business|Economy|Finance

Average long-term US mortgage rate falls again, easing to lowest level since early April

Home loan borrowing costs eased again this week as the average rate on a 30-year mortgage declined to its lowest level since early April

Average long-term US mortgage rate falls again, easing to lowest level since early April
Business|Economy|News|US

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices

Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what’s traditionally the housing market’s busiest period of the year

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices
Business|Economy|News|US

Market for newly built homes slows as elevated mortgage rates put off many home shoppers

Homebuilders who bucked the worst of last year's housing slump may be seeing their luck run out

Market for newly built homes slows as elevated mortgage rates put off many home shoppers
Business|Economy|Finance|Stock Markets

Stock market today: Stocks edge lower on Wall Street, ending a 3-week winning streak for the S&P 500

Stocks drifted lower on Wall Street, erasing the S&P 500's gains for the week

Stock market today: Stocks edge lower on Wall Street, ending a 3-week winning streak for the S&P 500
Business|Economy|Finance|News|US

Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%

The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May

Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%
Business|Economy|News

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?

The nation’s housing market sales slump is dragging on into its third straight year, as evidenced by another weak spring homebuying season

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?

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