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US average 30-year mortgage rate back up over 3% this week

SILVER SPRING, Md. — The average long-term U.S. mortgage rate rose this week, with the main 30-year rate inching back up over 3%. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year benchmark home loan jumped to a still-low 3.1% from 2.98% last week. A year ago ...

How to prevent cold spots in your home

There’s nothing like being inside your toasty house during winter while the wind howls outside and the snow accumulates everywhere. But if there’s a cold area that sends shivers down your spine, your home has a heating problem that needs to be addressed. Here are some reasons why you need ...

Scant fraud reported among U.S. rental assistance programs

SACRAMENTO, Calif. — After watching scammers make off with more than $20 billion in fraudulent California unemployment benefits during the pandemic, state housing officials were wary of a repeat when the federal government poured money into the state and told them to use it to pay off ...

US home construction dips 0.7% in October, but permits jump

SILVER SPRING, Md. — Construction of new homes in the U.S. fell 0.7% in October, but a big jump in the number of permits last month points to anticipation by builders that supply chain problems that have dogged them for much of the year will soon ease. October's decline put home construction ...

Is it time for an HVAC upgrade?

Sometimes it’s easy to get stuck in a rut, even with an HVAC system. You might be too busy to think about it but procrastinating can cost you more in the long run. Here are some signs you need to discard the old and bring in the new. Your furnace is noisy If your furnace makes too much ...

US average long-term mortgage rates fall; 30-year at 2.98%

WASHINGTON (AP) — Average long-term mortgage rates in the U.S. fell this week, as the key 30-year rate again retreated below the 3% mark. Mortgage buyer Freddie Mac reported Wednesday that the average rate on the benchmark home loan declined to 2.98% from 3.09% last week. Last year at this ...

Zillow to stop home-flipping amid pricing ‘unpredictability’

LOS ANGELES — Zillow Group said Tuesday that it will stop buying and selling homes, citing the "unpredictability" of forecasting housing prices. The Seattle-based real estate information company said winding down its Zillow Offers homebuying and selling unit will take several quarters and ...

Rising rents taking up growing share of Americans’ income

LOS ANGELES — Sharp rent increases in many parts of the country are eating up a bigger share of Americans’ monthly income, squeezing tenants already grappling with rising prices for gasoline, food and other necessities. Households with a median U.S. rent of $1,179 in August tapped 30.3% ...

Tips for optimizing furnace performance

When the temperature starts dropping, your first concern is making sure your furnace comes on and provides the heat you need. But the same way you’re not content with just barely functioning through your workday, you need to pay attention to the level of performance your furnace is giving ...

California attorney general puts focus on affordable housing

SACRAMENTO, Calif. (AP) — California's attorney general said Wednesday he is putting a new emphasis on trying to alleviate the state's seemingly intractable affordable housing problem, including by creating a "strike force" to focus on tenant protections, on local governments that don't ...