Real Estate

Thirty-year fixed mortgage rate rises to 3.83 percent

WASHINGTON (AP) — Long-term mortgage rates rose this week, lifting the 30-year fixed mortgage from the lowest levels of 2017. Mortgage buyer Freddie Mac said Thursday the 30-year fixed mortgage rate was 3.83 percent, up from 3.78 percent last week and above last year's average of 3.65 percent. The 15-year fixed rate, popular with homeowners...

Amazon

McAuliffe hires private consultant to try to lure Amazon

NORFOLK, Va. (AP) — Virginia Gov. Terry McAuliffe says he's hired a private consultant to help in trying to get Amazon to build its second headquarters in the state. The Virginian-Pilot reported Wednesday that Richmond, northern Virginia and Hampton Roads will craft pitches to the company. The state will submit a proposal offering Amazon its...

Markets

US stock indexes edge lower in early trading; oil falling

U.S. stock indexes veered slightly lower in early trading Thursday as investors sized up the latest batch of company earnings and deal news. Technology stocks were down the most. Consumer focused-companies also fell, while energy stocks declined as the price of crude oil headed lower. Insurers and other financial companies led the gainers. KEEPING SCORE:...

Latest business headlines

Surging stock market powers US wealth to $96.2 trillion

WASHINGTON (AP) — A healthy gain in the stock market and steadily increasing home prices boosted Americans' household wealth this spring, a trend that likely adds to the nation's inequality. The Federal Reserve said that Americans' net worth rose 1.8 percent to $96.2 trillion in the April-June quarter. Stock portfolios and mutual funds jumped $1.1...