Average rates on U.S. fixed mortgages ticked up this week but are still low by historical standards, a trend that has helped the housing market recover.
Sales of new U.S. single-family homes vaulted to a five-year high in June, showing little signs of slowing in the face of higher mortgage rates.
Sales of existing homes unexpectedly fell in June, but a surge in prices suggests the housing market recovery remained on course.
With home prices up 12% in the past year, real estate is looking like good investment again. But do you want to be a landlord, or buy REITs? And how big should you go?
Unexpectedly large quarterly profits at JPMorgan and Wells Fargo hide a more worrisome forecast for the rest of the year for many U.S. banks.