Business Paper Economy

  • Rate for 30-year mortgage ticks up, MBA finds

    Mortgage rates for 30 year and 15 year fixed rate mortgages went up, according to the Mortgage Bankers Association. Mortgage rates, however, are still down from the sky-high levels back in 2007 before the Great Recession and the housing market collapsed.

  • Mortgage rates fall to 3.94 percent as applications swoon

    The average rate for a 30 year fixed rate mortgage decreased 4 basis points to 3.94 percent since last week while the purchase application volume declined 5 percent and the refinance application volume declined 12 percent over the same period. 

  • Mortgage rates dip to a 16-month low (+video)

    Mortgage rates for a 30-year fixed rate loan fell to 4.08 percent since last week, the lowest in nearly a year and a half. In addition to falling mortgage rates, the the purchase application volume decreased 1 percent and the refinance application volume increased 11 percent over the same period.

  • Construction spending slumps in June

    Construction spending in the US declined in June, according to the US Census Bureau. Total residential spending declined 0.3 percent from May, although construction spending is 7.4 percent higher in June compared to last year. 

January 26, 2015

Photos of the day 01/26

A DR Congo soccer fan watches the African Cup of Nations Group B soccer match between DR Congo and Tunisia in Bata, Equatorial Guinea, Monday.

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