Contracts to Buy Homes Rise in Hopeful Sign
More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed.
Average US rate on 30-year mortgage at 52-week low of 4.1 pct.; 15-year loan at 3.25 pct.
The average 30-year U.S. mortgage rate remained at a 52-week low this week.
TransUnion: Late-payment rate on US credit cards slides to lowest level in at least 7 years
Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar credit.
US new-home sales drop 2.4 percent in July to annual rate of 412,000
Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery.
Average US mortgage rates this week and for the past year, at a glance
Average U.S. rates on long-term fixed mortgages declined this week, with the 30-year loan rate hitting its 52-week low.
U.S. Home Construction Jumps 15.7% in July
U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.
NY attorney general reaches settlement with debt collector to avoid payday loans
New York's attorney general has announced a settlement with Forster & Garbus, a Long island-based debt collection firm, to ensure it doesn't file court claims against New Yorkers to collect on so-called payday loans for small amounts at high interest rates.
Average US mortgage rates this week and for the past year, at a glance
Average U.S. rates on long-term fixed mortgages declined this week.
US consumer borrowing up $18.3 billion in June; gains may signal restrained consumer spending
U.S. consumers expanded their borrowing at a slower rate in June compared to the prior month.
Education Department seeks to ease college loan rules for those with troubled credit histories
The Department of Education is trying to make it easier for students with troubled credit histories to get college loans.
Average US rate on 30-year mortgage rises to 4.14 percent; 15-year loan at 3.27 percent
Average long-term U.S. mortgage rates rose slightly this week but remained near their lows for the year.
AP source: Bank of America agrees to pay between $16B and $17B in Justice Department deal
A person familiar with the matter says Bank of America has agreed to pay between $16 billion and $17 billion to settle an investigation into its sale of mortgage-backed securities before the financial crisis.
Average US rate on 30-year mortgage slips to 4.12 percent; 15-year loan at 3.23 percent
Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year.
More than a third of Americans reported to collection agencies for unpaid bills and debts
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
Business Highlights
___ US companies increasingly fish for growth overseas SAN FRANCISCO (AP) — Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home.
Average US mortgage rates this week and for the past year, at a glance
Average U.S. rates on long-term fixed mortgages were stable to slightly higher this week.
Average US long-term mortgage rates stable to slightly higher; 30-year loan stays at 4.13 pct.
Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year.
Average US mortgage rates decline slightly this week with 30-year dropping to 4.13 percent
Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows.
Colorado's largest foreclosure law firms accused of fraud
Colorado's two largest foreclosure law firms have been accused of defrauding homeowners, banks and investors.
No sale by owner: Americans with lower mortgage rates hold tightly onto homes
Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.