News
US national debt surges past $39 trillion just weeks into war in Iran
3+ week, 6+ day ago (225+ words) The U. S. national debt has hit a record $39 trillion. The deficit hit the milestone Wednesday just weeks into the U. S. -Israeli war in Iran. The Government Accountability Office says rising debt can raise borrowing costs for mortgages and cars. It can also…...
Trump orders seek to address home affordability
1+ mon, 12+ hour ago (227+ words) President Donald Trump has signed two executive orders that aim to make housing and mortgages more affordable. Under the first order signed Friday, the federal government would reduce housing regulatory burdens and create incentives for best zoning practices by state…...
Long-term mortgage rate edges higher
2+ mon, 2+ week ago (218+ words) The average long-term U. S. mortgage rate ticked higher this week, but remains near its lowest level in more than three years. Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year fixed rate mortgage rate rose to 6. 09% from 6. 06% last week. One…...
Voters are worried about the cost of housing. But Trump wants home prices to keep climbing
2+ mon, 5+ day ago (145+ words) FILE - A "For Sale" sign is seen on Tuesday, Jan. 6, 2026, in Portland, Ore. FILE - Construction equipment is seen near new homes on July 11, 2025, in Happy Valley, Ore. FILE - An aerial view of homes in the northern subdivisions is seen in…...
Trump says he wants to ban large investors from buying houses. It's part of his affordability plan
3+ mon, 6+ day ago (289+ words) President Donald Trump says he wants to block large institutional investors from buying houses, saying that a ban would make it easier for younger families to buy their first homes. The president is under pressure to address voters" concerns about…...
Home sales rise in July as mortgage rates ease
7+ mon, 3+ week ago (380+ words) Sales of previously occupied U. S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and more properties on the market. Existing home sales rose 2% last month from June to a seasonally…...
Average rate on 30-year mortgage falls
10+ mon, 6+ day ago (123+ words) The average rate on a 30-year mortgage in the U. S. fell this week for the first time in a month, but borrowing costs for homebuyers remain elevated. The average rate on a 30-year mortgage in the U. S. eased this week. The long-term…...