Home Mortgage

Companies relocating to Sun Belt area on massive scale

From Arizona to Texas to North Carolina, the Sun Belt is becoming a hot spot for business relocation. Companies across America are cutting costs by moving south. And that’s fueling a housing boom in Texas.

Mortgage rates surge to highest since 2018

The average rate for a 30-year fixed-rate loan jumped to 4.67%, mortgage-finance giant Freddie Mac said Thursday, marking the weekly figure’s highest reading since December 2018.