Economy & Business

Your Money
4:51 pm
Tue July 2, 2013

As Mortgage Rates Rise, Homebuyers Face New Dilemma

Mortgage interest rates have spiked recently, causing unease among potential homebuyers.
iStockphoto.com

Originally published on Tue July 2, 2013 7:12 pm

A recent spike in mortgage rates has created a new predicament for potential homebuyers: Forge ahead and try to lock in now? Or hold off?

Dhruv Gupta was quoted a 3.5 percent rate in May while searching for a place to buy in the San Francisco area. Less than two months later, he's looking at 5.2 percent for the same loan. But this trend has not deterred Gupta.

"It's a fact of life," he says. "I mean I can't control them, so what do you do?"

Read more
The Two-Way
2:37 pm
Tue July 2, 2013

Off The Rails: Strike-Hit Bay Area Struggles With 'Horrible' Commutes

Frustrated commuters wait at the Transbay Temporary Terminal in San Francisco to catch a bus over to Oakland on Tuesday.
Alan Greenblatt NPR

Originally published on Tue July 2, 2013 5:44 pm

Andrea Brearley's kids really want to see Pixar while on vacation. The problem is that the family is staying in San Francisco, and with rail workers on strike, they're having a hard time figuring out how to get to the cartoon-maker's headquarters across the bay in Emeryville, Calif.

Brearley, who lives in Windsor, Ontario, says it's been "scary" trying to figure out an alternative route. "Three different people told me three different buses," she says.

Read more
Parallels
5:51 am
Tue July 2, 2013

New Kind Of Ikea Hack: Flat-Packs Head To Refugee Camps

Check out the video at the bottom of the page to see how this box transforms ...
Ikea Foundation

Originally published on Tue July 2, 2013 10:20 am

Read more
Business
3:45 am
Tue July 2, 2013

The Last Word In Business

Originally published on Tue July 2, 2013 7:36 am

Transcript

DAVID GREENE, HOST:

And our last word in business today is sure to get you in an Empire State of mind.

Many city-dwellers have embraced Uber. This is an app that allows you to call a taxi or a town car and then track its timely arrival to your location.

RENEE MONTAGNE, HOST:

Read more
Business
3:45 am
Tue July 2, 2013

Business News

Originally published on Tue July 2, 2013 7:36 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news starts on a high note.

(SOUNDBITE OF MUSIC)

MONTAGNE: Steinway Musical Instruments announced Monday that it would be acquired by the private equity firm Kohlberg and Company in a deal worth $438 million. Kohlberg says it plans to build on Steinway's 160 years of piano-making tradition and expand its sales globally.

Pages