Real Estate

Rate on 30-year mortgages falls to 3.92 percent

WASHINGTON (AP) — The rate on benchmark 30-year, fixed-rate mortgages slipped this week to 3.92 percent from 3.95 percent last week. But the 15-year, fixed-rate mortgage, popular among homeowners seeking to refinance, blipped up to 3.32 percent from 3.31 percent. A year ago, the 30-year stood at 4.03 and the 15-year at 3.25 percent. Mortgage...

Markets

Asian stocks flat as Fed minutes show support for rate hike

SEOUL, South Korea (AP) — Asian stock markets were largely flat on Thursday with investors in the U.S. markets going on a Thanksgiving holiday and the Fed minutes largely in line with investor expectations that the Fed will soon raise interest rates for a third time next month. Japan was closed on a holiday. KEEPING...

Latest business headlines

Northwest tree shortage leads to Christmas conundrum in Utah

SALT LAKE CITY (AP) — Utah families looking for a fresh-cut Christmas tree might find tough sledding due to a shortage of conifers in the Pacific Northwest this year. The Salt Lake Tribune reported Tuesday that the shortage has to do with the Great Recession. Joe Shadle, owner of J&T Trees in Utah, says it...