Business
May 5

US mortgage rates rise; 30-year at 5.27%, highest since 2009

Average long-term U.S. mortgage rates resumed their ascent this week, as the key 30-year loan reached its highest point since 2009.
Business
May 4

Rising interest rates in US will hinder foreign economies

When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn't stop with U.S. homebuyers paying more for mortgages or Main Street business owners facing costlier bank loans.
Business
May 4

How higher Fed rates stand to affect Americans' finances

Record-low mortgages below 3% are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally receive a yield high enough to top inflation.
Business
May 4

Airbnb will revive rules aimed at curbing summer parties

Airbnb said Wednesday it will impose special restrictions over the Memorial Day and July 4 holidays to prevent parties at rented houses, bringing back measures that the company claims worked last summer.
Business
April 14

Big bank profits decline as deal-making, mortgages slow

Four big banks reported noticeable declines in their first-quarter profits Thursday, as the volatile markets and war in Ukraine caused deal-making to dry up while a slowdown in the housing market meant fewer people sought to get a new mortgage or refinance.
Business
April 14
The average 5% rate on the 30-year mortgage was up from 4.72% last week, mortgage buyer Freddie Mac reported Thursday.

US long-term mortgage rates rise; 30-year loan reaches 5%

Long-term U.S. mortgage rates continued to climb this week as the key 30-year loan rate reached 5% for the first time in more than a decade amid persistent high inflation.
St. Paul
March 28
The house at 1904 Princeton Av. was condemned in 2007 after years of hoarding and neglect. In 2019, the city of St. Paul started the process to raze i

Judge declines to stop teardown of St. Paul home

Saying she did not have jurisdiction, a Ramsey County judge on Friday refused to stop the impending demolition of a Mac-Groveland home.
St. Paul
March 15
The Heights will feature up to 1,000 housing units, including rental and owner-occupied.

St. Paul's former Hillcrest Golf Course is now 'the Heights'

The 112-acre site at the city's highest spot is being redeveloped for housing and jobs.
Business
February 26
Kenley Johnson watched as her brother Benton Johnson shoveled outside her house in the Columbia Park neighborhood of Minneapolis, one of the most affo

Twin Cities homebuyers flocked to these neighborhoods in 2021

The most dynamic neighborhood in Minneapolis for home buyers last year was in the northeast corner of the city, according to the Star Tribune's Hot Housing Index.
Business
February 18

January home sales rise ahead of expected rate hikes

Sales of previously occupied homes rose in January as a surge in buyers with cash and others eager to avoid higher mortgage rates snapped up properties, leaving the number of available houses on the market at a record low.