Mortgages

FILE - In this June 3, 2019, file photo Apple CEO Tim Cook speaks at the Apple Worldwide Developers Conference in San Jose, Calif. Apple said Monday, Nov. 4, that it's committing $2.5 billion to combat California's housing crisis. (AP Photo/Jeff Chiu, File)
November 04, 2019 - 1:41 pm
Apple has committed $2.5 billion to ease California's housing crisis, eclipsing similar pledges by fellow Silicon Valley giants Google and Facebook to address a lack of affordable housing in a region where affluent tech workers have helped drive up the cost of homes. Apple's pledge Monday includes...
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In this Sept. 3, 2019 photo a for sale sign, top, rests in front of a newly constructed home, in Norwood, Mass. On Thursday, Oct. 17, the Commerce Department reports on U.S. home construction in September. (AP Photo/Steven Senne)
October 17, 2019 - 10:12 am
WASHINGTON (AP) — U.S. home building fell last month after reaching a 12-year high in August, driven by a sharp decline in the construction of new apartments. Yet single-family home construction ticked higher for a fourth month. The Commerce Department said Thursday that overall housing starts...
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In this Sept. 25, 2019, photo a realtor's sign sits outside a house for sale in Jackson, Miss. On Thursday, Oct. 3, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Rogelio V. Solis)
October 03, 2019 - 12:42 pm
WASHINGTON (AP) — U.S. long-term mortgage rates held steady this week, offering a potential boon to homebuyers amid an uncertain economic outlook. Mortgage rates have been running near historic lows, though average rates for the key 30-year loan showed volatile swings last month. Mortgage buyer...
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FILE - In this July 22, 2019, file photo a sign is displayed outside a house for sale in North Andover, Mass. On Thursday, Sept. 19, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Elise Amendola, File)
September 19, 2019 - 10:19 am
WASHINGTON (AP) — U.S. long-term mortgage rates shot up this week, yet they stayed close to the historic lows that appear to be helping the real estate market. Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage increased to 3.73% from 3.56% last week. The rate...
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FILE - In this Aug. 16, 2019, file photo an under contract sign is displayed along Park Avenue in Richmond, Va. On Thursday, Sept. 19, the National Association of Realtors reports on sales of existing homes in August. (AP Photo/Steve Helber, File)
September 19, 2019 - 9:01 am
WASHINGTON (AP) — U.S. home sales rose 1.3% in August to the highest level in 17 months, as mortgage rates near historic lows have spurred a rush of home-buying. The National Association of Realtors says homes sold last month at a seasonally adjusted annualized rate of 5.49 million units, the best...
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Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee, Wednesday, Sept. 18, 2019, in Washington. (AP Photo/Patrick Semansky)
KNSS News
September 18, 2019 - 3:03 pm
The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans' personal finances, experts say. That's because the reduction doesn't offset the increases of recent years. And as the key rate creeps closer...
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In this Sept. 3, 2019, photo a sign rests in front of a newly constructed home, in Westwood, Mass. On Thursday, Sept. 12, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Steven Senne)
September 12, 2019 - 11:28 am
WASHINGTON (AP) — U.S. long-term mortgage rates rose this week but remained at historically low levels. Mortgage buyer Freddie Mac said Thursday the rate on the 30-year, fixed-rate mortgage increased to 3.56% from 3.49% last week. Average rates on the benchmark loan have remained below 3.6% for...
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In this Spet. 9, 2019, photo, Treasury Secretary Steve Mnuchin speaks to reporters outside the West Wing of the White House in Washington. Trump administration officials are coming before Congress to defend their plan for ending government control of Fannie Mae and Freddie Mac, the giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at cost to taxpayers of $187 billion. Treasury Mnuchin and Housing and HUD Secretary Ben Carson are testifying Sept. 10 before the Senate Banking Committee on the plan for returning Fannie and Freddie to private ownership. (AP Photo/Andrew Harnik)
September 10, 2019 - 11:37 am
WASHINGTON (AP) — Trump administration officials on Tuesday defended their plan to Congress for ending government control of mortgage finance giants Fannie Mae and Freddie Mac, clashing with Democratic senators on whether the change would raise home borrowing costs and neglect lower-income...
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FILE - This Monday, Aug. 8, 2011, file photo shows the Fannie Mae headquarters in Washington. The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, those are the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out by taxpayers at a total cost of $187 billion, Thursday, Sept. 5, 2019. (AP Photo/Manuel Balce Ceneta, File)
September 05, 2019 - 6:17 pm
WASHINGTON (AP) — The Trump administration has unveiled its plan for ending government control of Fannie Mae and Freddie Mac, the two giant mortgage finance companies that nearly collapsed in the financial crisis 11 years ago and were bailed out at a total cost to taxpayers of $187 billion. The...
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FILE - In this June 27, 2019 file photo, Paul Manafort arrives in a New York court. President Trump's former campaign manager is to be arraigned on state mortgage fraud charges. Manafort's lawyers filed court papers late Wednesday, Sept. 5, that seek to have his New York mortgage fraud case dismissed, arguing the charges filed in the wake of his federal convictions amount to double jeopardy. The state case involves the same alleged conduct as federal cases that landed him behind bars. (AP Photo/Seth Wenig, File)
September 05, 2019 - 12:36 pm
NEW YORK (AP) — Lawyers for former Trump campaign chairman Paul Manafort filed court papers seeking the dismissal of his New York mortgage fraud case, arguing that the charges brought in the wake of his federal convictions amount to double jeopardy. The state case involves some of the same...
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