Economy Jul 23 Earnings at Musk's Tesla fall as spending on research cuts into profit from selling cars While the core car business had a solid quarter, Tesla is now focused on building out the infrastructure and AI software that underpins its robotaxis and robotics businesses, which Musk has said are the future of the company. And doing so requires a…
Economy Jul 09 U.S. home prices hit an all-time high as sales slow and mortgage rates rise Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges.
Economy Mar 19 Average U.S. long-term mortgage rate rises to 6.22%, highest in more than 3 months When mortgage rates rise, they can add hundreds of dollars a month in costs for home shoppers, limiting what they can afford to buy.
Politics Mar 12 WATCH: Senate passes bipartisan housing bill The Senate passed a broad bill on Thursday to make U.S. housing more accessible and affordable, a rare bipartisan effort in Congress to address a growing national problem.
Economy Mar 09 Oil prices soar to levels not seen in years as war in Iran intensifies Supply concerns have driven crude and gasoline higher prices as the war ensnares major oil-producing countries and hinders exports from the Persian Gulf.
Economy Feb 26 Average U.S. long-term mortgage rate dips below 6% for the first time since 2022 The benchmark 30-year fixed rate mortgage rate fell to 5.98% from 6.01% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.76%.
Economy Jan 14 2025 home sales stuck at 30-year low The U.S. housing market slump dragged into its fourth year in 2025, as sales remained stuck at a 30-year low with rising home prices and elevated mortgage rates keeping many prospective home shoppers shut out of the market.
Economy Nov 13 Average long-term mortgage rate edges higher to 6.24% The average rate on a 30-year U.S. mortgage edged higher for the second week in a row, hovering near its low point so far this year.
Economy Nov 01 U.S. home turnover rate at lowest level in decades as housing slump drags on, analysis finds The number of U.S. homes that typically change hands as people relocate for work, retire or trade-up for more living space hasn't been this low in nearly 30 years, according to an analysis by Redfin.
Nation Oct 23 Average long-term mortgage rate drops to lowest level in more than a year The average rate on a 30-year U.S. mortgage fell again this week, dropping to its lowest level in more than a year.