The annual inflation rate surged to 5.6% in July - the highest point since 17 years ago, when the Persian Gulf War was raging.

Russian oligarch pays $750 million for a home, smashing previous records set by billionaire rivals.

Stock futures rose early Monday, lifted by the momentum from the previous session’s big rally, but higher oil prices kept a lid on gains.

With banks tightening their credit standards, many have to walk a fine line when it comes to lending to consumers.

The good news: Mortgage giant Fannie Mae is taking steps to shore up its finances. The bad news: You’re going to pay for it when you take out a mortgage.

Mortgage finance giant Fannie Mae reported a much larger-than-expected loss in the second quarter and slashed its dividend Friday, more signs that the problems in housing and financial markets are not over.

Twenty cities in which homeowners’ properties have lost the most value in the last year.

While the nation’s homeowners grapple with shrinking property values, those in these spots are doing just fine.

Twenty spots where property owners have the least equity in their homes.

Another drop in oil prices gave stock futures a boost early Tuesday, ahead of the Federal Reserve’s decision on interest rates.