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Alex Veiga, Associated Press

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Alex’s Recent Stories

Economy Jan 04

Average long-term mortgage rates edge higher, breaking 9-week slide

The average long-term U.S. mortgage rate edged higher this week, ending a nine-week slide that gave prospective homebuyers some breathing room after home loan borrowing soared to the highest level in more than two decades.

Economy Dec 21

Homebuilders step up construction of single-family homes as 30-year mortgage rate eases below 7 percent

Homebuilders are stepping up construction of single-family homes following a steady decline in mortgage rates and broad expectation among economists that home loan borrowing costs will ease further next year.

Economy Oct 05

Average long-term U.S. mortgage rate reaches 7.49 percent, highest level in over two decades

The cost of financing a home surged again this week, further dimming the affordability outlook for many would-be homebuyers.

Economy Aug 17

Average long-term U.S. mortgage rate climbs to 7.09 percent this week, highest level in over 20 years

Sharply higher rates are contributing to a dearth of available homes, as homeowners who locked into lower borrowing costs two years ago are now reluctant to sell and jump into a higher rate on a new property.

Economy Jul 30

Biggest apartment construction boom in decades likely to bring renters uneven relief

When viewed through a wide lens, renters across the U.S. finally appear to be getting some relief, thanks in part to the biggest apartment construction boom in decades. But a closer look shows the trend will likely be little comfort…

Nation Jul 07

Monthly mortgage payments remain high even as U.S. home prices ease

Would-be homebuyers are willing to take on sharply higher mortgage payments, even as home prices have begun to pull back this year.

Economy Jan 17

Stocks edge lower on Wall Street amid uncertain trading

Stocks edged mostly lower in uncertain trading on Wall Street to kick off a holiday-shortened, but earnings-heavy week.

Economy Dec 16

Wall Street loses ground amid recession talks, marking 2nd straight weekly loss

Stocks ended lower on Wall Street as worries grow that the Federal Reserve and other central banks are willing to bring on a recession if that's what it takes to get inflation under control.

Economy Dec 05

U.S. stocks slide as investors weigh economic data, continued inflation fight

Stocks are broadly lower on Wall Street as investors weigh a surprisingly good economic report that highlights the Federal Reserve's difficult fight against high inflation.

Economy Nov 23

Average long-term U.S. mortgage rate lowers to 6.58 percent

The average long-term U.S. mortgage rate edged lower for the second time in as many weeks, though it remains more than double what it was a year ago — a significant hurdle for many would-be homebuyers.

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