Mortgage Rates News
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Updated 27 minutes ago
In the dark winter months before General Motors Co. filed for bankruptcy four years ago, its top designer, Ed Welburn, was growing increasingly frustrated with the negative news about his company.
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Updated 27 minutes ago
Federal Reserve policy makers say they want to avoid a sudden increase in interest rates when the time comes to start unwinding record monetary easing. A shrinking federal budget deficit is likely to help them meet that goal.
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Updated 3 hours, 17 minutes ago
Home sales probably rose in April to the highest level in more than three years, extending gains in residential real estate that are giving the U.S. expansion a lift, economists said before reports this week.
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U.S. mortgage rates rose, pushing borrowing costs for a 30-year loan to the highest in six weeks.
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Updated 3 hours, 7 minutes ago
Just a year since the U.S. housing market hit bottom after the biggest plunge in eight decades, signs of excess are re-emerging.
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Three Federal Reserve regional bank presidents called for phasing out the Fed’s monthly purchases of $40 billion in mortgage-backed securities as the housing recovery shows signs of gaining momentum.
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William Lyon Homes rose 2 percent in New York after selling shares to the public at $25 apiece, exceeding its price target as the homebuilder raised $217.5 million.
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William Lyon Homes, a builder that emerged from bankruptcy last year, fell in New York trading after a public share sale and reverse stock split.
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Updated 1 hour, 22 minutes ago
Starts of new U.S. homes fell more than forecast in April to a five-month low, indicating a pause in the industry’s progress as builders slowed work on apartments. Building permits surged to an almost five-year high.
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Federal Reserve Governor Sarah Bloom Raskin said income inequality and government cutbacks may slow economic growth for years.
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