America’s prospective homebuyers absorb harsh reality: Mortgage rates probably aren’t coming down for a while

By: Many Americans have been holding back from jumping into the housing market in the hopes that mortgage rates will decline. So far, they haven’t. The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say, NBC reports. A combination of…

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Why AP called Arizona for Trump

The Associated Press declared President-elect Donald Trump the winner in Arizona on Saturday night after vote updates in Maricopa and other counties added to his overall lead, putting the state out of … WASHINGTON — The Associated Press declared President-elect Donald Trump the winner in Arizona on Saturday night after vote updates in Maricopa and…

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Today’s 30-year mortgage interest rates drop to 6.88% while 15-year terms fall to 6.00%

By: The median interest rate on a 30-year fixed-rate mortgage is 6.88% as of November 8, which is 0.11 percentage points lower than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 6.00%, which is 0.13 percentage points lower than yesterday. Due to encouraging economic data, the Fed cut the federal funds rate…

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Slightly more Americans apply for unemployment benefits last week, but layoffs remain at low levels

The number of Americans applying for jobless aid ticked up last week but layoffs remain at historically low levels.The Labor Department reported Thursday that jobless claim applications rose by 3,000 … The number of Americans applying for jobless aid ticked up last week but layoffs remain at historically low levels.The Labor Department reported Thursday that…

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