Real Estate

Mortgage rates dip slightly, boosting demand

Mortgage rates are down slightly after climbing for more than a month, leading to an increase in purchase applications despite record-high home prices and rates near 7%.

New York Community Bancorp seeks cash infusion

NYCB has been in crisis mode since it revealed in January signs of trouble in its commercial real-estate books, saying it swung to a loss in the fourth quarter and slashed its dividend.