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WASHINGTON — U.S. long-term mortgage rates edged lower this week, reaching record lows for the 14th time this year against the backdrop of the pandemic-ravaged economy.
WASHINGTON — A Federal Reserve survey of business conditions around the country found that economic activity in several regions slowed in November as coronavirus cases surged.
U.S. long-term mortgage rates fell this week, reaching record lows for the 13th time this year amid fresh signs of weakness in the pandemic-ravaged economy.
U.S. long-term mortgage rates rose this week. They remain at historically low levels, now around a percentage point below a year ago.
The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday and signaled its readiness to do more if needed to support an economy under threat from a worsening coronavirus pandemic.
Even with mortgage rates hovering near all-time lows, rising home prices are putting more pressure on buyers to come up with a bigger down payment.
U.S. long-term mortgage rates were little changed this week after marking a new all-time low last week.
U.S. long-term mortgage rates slipped this week as the key 30-year loan marked a new all-time low for the 11th time this year.
WASHINGTON — U.S. long-term mortgage rates fell this week as the key 30-year loan reached a new all-time low for the tenth time this year.
WASHINGTON — U.S. average rates on long-term mortgages changed little this week, remaining at historically low levels that has sparked demand for homes.
Stocks were pushing further into record heights on Wall Street Thursday after the Federal Reserve made a major overhaul to its strategy, one that could keep interest rates lower for longer.
Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%.
U.S. average rates on long-term mortgages rose this week though they remain at historically low levels. The key 30-year loan nudged toward 3%.
After 20 years of renting in Boston and later Spokane, Florence Mwangi decided it was time to try to purchase her first home. The 56-year-old caretaker, who came to the United States from Kenya, chose what many believe is a perfect time: interest rates have been so low that it makes a more expensive homes affordable.
Spokane County Sheriff Ozzie Knezovich and the local chapter of the NAACP announced Wednesday they signed a memorandum of understanding last year to address racial equity.
WASHINGTON – Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic recovery that followed a collapse in hiring and spending this spring.
Wall Street is resuming its rise on Monday, while gold rushes to a record at the start of a week packed with potentially market-moving events.
As the Trump administration pushes full steam ahead to force schools to resume in-person education, public health experts warn that a one-size-fits-all reopening could drive infection and death rates even higher.
The Federal Reserve set up the Main Street Lending program to provide capital to small and medium-sized business as they come out of the pandemic, but two local bankers say the current restrictions have made the program a dead end.
Residents of the central English city of Leicester waited Monday to hear whether lockdown restrictions will persist for their area for two weeks longer following a spike in coronavirus infections.