News

Mortgage rates drop to lowest point in 6 months Mortgage rates in the United States fell to the lowest point since early February, helping to ease the housing affordability crunch. The average for a 30-year, fixed loan was 6.73%, down from 6.78% last week, Freddie Mac said in a statement Thursday. A year ago, the…

Downtown Royal Oak would get 150-plus apartments under new plan New plans have emerged to build a 158-unit apartment building just east of Royal Oak’s central business district. Documents filed with the Royal Oak Planning Commission ahead of an Aug. 13 meeting outline the plans by Champion Development Group LLC to develop a five-story building…

First look: Detroit Tigers unveil luxury Home Plate Club designs The Detroit Tigers are sharing more details about their planned Home Plate Club at Comerica Park. The luxury club is slated to open during the 2025 season and is part of millions of dollars in upgrades being made at the ballpark.  The Tigers will also replace close…

WK Kellogg to invest in Battle Creek plant as it closes, downsizes others WK Kellogg Co. will close its cereal plant in Omaha, Neb., and reduce production at another facility in Memphis as it plans to improve productivity at other facilities in North America. About 550 employees will be let go as a result of…