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Treasury to shift rental assistance to places with demand

The Treasury Department on Monday announced plans to start reallocating the billions of dollars in federal rental assistance in a bid to get more money into the hands of tenants facing eviction. The move, which was required by Congress when it allocated the monies, follows the slow ...

Soaring home prices juice average US homeowner equity growth

LOS ANGELES — Soaring home prices have pushed up average homeowner equity growth to the highest level in more than a decade, though recent signs of a cooling U.S. housing market point to more moderate gains in the second half of the year. Homes with a mortgage gained an average of $51,500 ...

US average mortgage rates jump; 30-year at 3.01%

WASHINGTON — Average long-term mortgage rates rose jumped this week as the benchmark 30-year loan edged over 3%. Mortgage buyer Freddie Mac reported Thursday that the average rate for a 30-year mortgage increased to 3.01% from 2.88% last week. The rate stood at 2.88% this time last year. It ...

Our Red Handkerchief Promise reminds us of our heroes

Our red handkerchief promise is all about doing things right. We usually talk about it in terms of being thorough and detail-oriented while fixing your HVAC equipment. But, the red handkerchief promise is also about doing the morally right thing. No matter how much integrity we build, it is ...

In a hot market, companies compete with would-be homeowners

LOS ANGELES (AP) — Soaring home prices and rents are fueling real estate companies' appetite for houses, adding unwelcome competition for many would-be homebuyers. Residential real estate bought by companies or institutions hit an all-time high of 67,943 properties in the second quarter, ...

US average mortgage rates rise slightly; 30-year at 2.88%

WASHINGTON (AP) — Average long-term mortgage rates were marginally higher this week as the recovering economy appeared stalled against the backdrop of a wave of new delta variant coronavirus cases. They remained under 3%. Mortgage buyer Freddie Mac said Thursday that the average rate for a ...