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FILE PHOTO: Federal Reserve Governor Lisa D. Cook speaks at the Economic Club of New York in New York City

Politics Aug 28

Fed Gov. Lisa Cook sues Trump administration to block her attempted firing

By Christopher Rugaber, Associated Press

Economy Jan 11

A "For Rent, For Sale" sign is seen outside of a home in Washington, U.S., July 7, 2022. Photo by Sarah Silbiger/REUTERS
Average long-term mortgage rates rise again, reaching their highest level in 4 weeks

The latest increase follows a nine-week string of declines at the end of last year that lowered the average rate after it surged in late October to 7.79 percent, the highest level since late 2000.

By Alex Veiga, Associated Press

Nation Jul 04

People look at properties on display in the window of Winkworth estate agents in Islington, London
UK mortgage rates jump to highest level since tax cuts spooked markets

Financial information company Moneyfacts says the average rate for a five-year fixed rate mortgage in the U.K. hit 6.01% on Tuesday from 5.97% the previous day.

By Pan Pylas, Associated Press

Economy Sep 10

U.S. Treasury Secretary Steve Mnuchin speaks to reporters outside the White House in Washington, on September 9, 2019. Photo by Erin Scott/Reuters
WATCH: Trump officials defend plan to end control of Fannie and Freddie

Treasury Secretary Steven Mnuchin and Housing and Urban Development Secretary Ben Carson testified before the Senate Banking Committee on the plan for returning Fannie and Freddie to private ownership.

By Marcy Gordon, Associated Press

Economy Apr 25

Watch 6:12
Website USAFacts offers a new way to follow your tax money

When we pay taxes, where does the money go? Former Microsoft CEO Steve Ballmer not only wondered; he decided to make a new research tool to make that information available to the public. USAFacts is an interactive website that lists…

By PBS News Hour

Feb 21

Column: Is your home an investment or a liability?

By Teresa Ghilarducci

Whether your home is an investment or merely a place to live is a debate that’s heated up since the subprime-mortgage disaster of the early 2000s.

Continue reading

Nov 19

Did the nation’s largest housing recovery initiative work?

By Making Sen$e Editor

The nation's largest housing recovery initiative led to more household spending, but impediments to competition kept it from reaching its full potential.

Continue reading

Oct 04

Watch 3:59
New ‘know before you owe’ mortgage rules may ease homebuyers’ burden

By PBS News Hour

New rules for home mortgages, designed to make lenders more transparent to borrowers, took effect Saturday. The so-called "know before you owe" rules are meant to protect home buyers from surprises at their closing. Wall Street Journal Reporter Joe Light…

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Mar 26

Watch 8:12
Are investors pumping up another housing bubble in Florida?

By PBS News Hour

Since Florida's housing market crashed nearly a decade ago, a wave of investors offering cash to flip or rent properties has helped restore market values. Now, some homeowners who suffered foreclosure but are ready again to qualify are being priced…

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Mar 05

Watch 8:53
Get ready for another round of the foreclosure crisis

By PBS News Hour

Despite what you might have heard, the foreclosure crisis is far from over. Economics correspondent Paul Solman talks to people in Florida who have lost their homes, and considers whether a wave of new foreclosures is on the horizon.

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Full Episode
Friday, Sep 19
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