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  • By JENNIFER PELTZ
  • Updated

NEW YORK (AP) — New York City is taking a novel approach to addressing enduring pockets of the home foreclosure crisis. It's buying long-unpaid mortgages, with plans to help owners stay in their homes, if possible, or use the properties as affordable housing, if not.

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This Thursday, May 26, 2016, photo shows a home with an "In Escrow" sign in Encinitas, Calif. On Thursday, June 30, 2016, Freddie Mac reports …

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WASHINGTON (AP) — Long-term U.S. mortgage rates slid to new lows for the year this week amid market upheaval stoked by Britain's vote to leave the European Union. Rates are at three-year lows at the height of the spring home buying season.

Ap
AP web only
  • The Associated Press
  • Updated

WASHINGTON — Long-term U.S. mortgage rates slid to new lows for the year this week amid market upheaval stoked by Britain’s vote to leave the …

  • Updated

FILE - In this April 1, 2013 file photo a statue of Poland's General Thaddeus Kosciuszko is enveloped in the early morning fog in Lafayette Pa…

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FILE - This Nov. 10, 2010 file shows a sculpture of Thaddeus Kosciuszko in Philadelphia. Alternate spellings include Tadeusz for his first nam…

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In this June 8, 2016 photo, people walks past the Thaddeus Kosciuszko National Memorial in Philadelphia. It is the smallest national park and …

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In this June 8, 2016 photo, park ranger Adam Duncan, left, and senior museum curator Robert Giannini take part in an interview with The Associ…

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FILE - In this , Sept. 30, 2013 file photo, visitors take in the Liberty Bell at Independence National Historical Park in Philadelphia. The Th…

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In this June 8, 2016 photo, an interior view of the Thaddeus Kosciuszko National Memorial in Philadelphia is shown. It is the smallest nationa…

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In this June 8, 2016 photo, senior museum curator Robert Giannini speaks during an interview with The Associated Press about a re-created bedr…

AP
  • By KATHY MATHESON
  • Updated

PHILADELPHIA (AP) — If the hip-hop Broadway smash "Hamilton" can reignite interest in the first U.S. treasury secretary, what will it take to drum up interest in another forgotten hero from America's fight for independence?

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A woman walks passes a display of the Hang Seng Index at a bank in Hong Kong, Wednesday, June 29, 2016. Asian stock markets rallied on Wednesd…

AP
  • By DAVID McHUGH and MARTIN CRUTSINGER
  • Updated

FRANKFURT, Germany (AP) — Savers will suffer longer with zero returns on their accounts. Home buyers, companies and governments will keep on borrowing cheaply. And questions will grow further about whether central banks are creating bubbles in financial markets by keeping interest rates near or below zero.

  • By JOSH BOAK
  • Updated

WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in May, with the year-over year pace of pending sales sliding for the first time in nearly two years.

  • By The Associated Press

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  • JOSH BOAK AP Economics Writer
  • Updated

The Standard & Poor's/Case-Shiller 20-city home price index increased 5.4 percent in April compared with a year earlier, just a tick down from the 5.5 percent annual gain in March.

Ap
AP
  • By CARSON GERBER Kokomo Tribune
  • Updated

PERU, Ind. (AP) — A small crowd patiently waited in the drizzling rain Wednesday morning at the grounds of the International Circus Hall of Fa…

Ap
AP web only

There's no reason to be a no-show in the home purchase market if you know where to target your application.

  • By JOSH BOAK

WASHINGTON (AP) — Americans pulled back from buying new homes in May, reversing strong gains made in April as sales fell sharply in the Northeast and West.