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By MATT OTT - AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates jumped by more than a quarter-point this week to their highest level since 2007 as the Federal Reserve…

Record home prices and higher mortgage rates in May made it the most expensive month since 2006 to buy a home, prompting more buyers to give up and pressuring sellers to cut asking prices.The National Association of Realtors’…

By ANNE D'INNOCENZIO - AP Retail Writer NEW YORK (AP) — Americans cut their spending unexpectedly in May compared with a month before, underscoring how surging inflation on daily necessities like gas is…

The housing boom of the past two years propelled U.S. home prices to record highs throughout the country. But in hundreds of cities, the red-hot market hasn’t yet brought back prices to where they stood about 15 years ago.Prices fell so…

By DAMIAN J. TROISE and ALEX VEIGA - AP Business Writers NEW YORK (AP) — Stock indexes on Wall Street rose in choppy trading Wednesday afternoon following the release of minutes from the Federal…

Associated Press NEW YORK (AP) — Wall Street pointed toward gains before the opening bell Friday after a surprise interest rate cut from China lowered, at least temporarily, the anxiety over a slowdown…

Rapidly rising mortgage rates and record home prices are cooling the U.S. housing market, as April sales dropped for the third straight month and fell to their weakest pace in nearly two years.Existing-home sales slipped 2.4% in April from…

By ALEX VEIGA - AP Business Writer LOS ANGELES (AP) — Shortly after moving to South Florida for a new job with the U.S. military, Shannon Kaufman and his wife, Wendy, signed up for a whole other…