AP Long-term U.S. mortgage rates fell this week to the lowest level since May 2013, driven down by financial tumult in Europe. Mortgage giant Freddie Mac says the average 30-year fixed rate mortgage fell to 3.41 percent from 3.48 percent a week ago. A year ago, the 30-year rate stood at 4.04 percent. The 15-year mortgage rate dropped to ...

  Bloomberg Allianz SE’s Mohamed El-Erian said that the forced deleveraging of U.K. commercial properties after the Brexit vote may spur opportunities for investors. “If you’re a patient investor, with a stomach for mark-to-market volatility and quasi-permanent capital, that is going to be a very attractive area,” El-Erian said in an interview on Saturday with Bloomberg Television. “But wait, let ...

  AP A business group says the $17.55 million paid for a northwest Las Vegas home by Strip illusion show headliner David Copperfield set an area record. The Greater Las Vegas Association of Realtors said Thursday the price eclipsed the $17.375 million paid in 2007 for a mansion at the Shadow Creek Golf Club in North Las Vegas. The broker, ...