Mortgage demand plummets as interest rates hover near 13-year high

Homebuyer demand for mortgages tumbled last week as the average interest rate on the most popular U.S. home loan hovered near a 13-year high, a sign the red-hot housing market may be starting to cool off, according to new data from the Mortgage Bankers Association. 

'Tiny home' village sits empty until operating funds surface

The Low Income Housing Institute says a brand-new 'tiny home' village in Seattle is ready to admit clients in immediate need of housing, but funding that at one time was hoped to come from King County was instead awarded to other projects.