Midway Rising’s $3.9B plan for San Diego’s sports arena site advances
Three years in the making, the Midway Rising project seeking to redevelop San Diego’s 49.2-acre sports arena site with thousands of apartments, a replacement arena and new shops is nearing a climactic decision point, even as proposed lease terms with the city remain undisclosed. Thursday, the city o
Average rate on a 30-year mortgage edges higher after declining four weeks in a row
By ALEX VEIGA, AP Business Writer The average rate on a 30-year U.S. mortgage ticked up this week, ending a four-week slide that brought down borrowing costs for homebuyers to the lowest level in nearly a year. The rate rose to 6.3% from 6.26% last week, mortgage buyer Freddie Mac said Thursday. A y
US home sales remained sluggish in August despite late-summer mortgage rate slide
By ALEX VEIGA, AP Business Writer Sales of previously occupied U.S. homes remained sluggish in August, even as a late-summer slide in mortgage rates brought home loan borrowing costs to a 10-month low. Existing home sales slipped 0.2% last month from July to a seasonally adjusted annual rate of 4 mi
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