WASHINGTON (AP) — Average rates on fixed mortgages rose this week, the first increase in seven weeks. But mortgage rates remain near historic lows, boosting prospects for home sales this year.Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan increased to 3.71 percent. That's up from 3.67 percent last week, the lowest since long-term mortgages began in the 1950s.The...
US fixed mortgage rates fall to new record lows
Labels: Business Fixed U.S. mortgage rates fell again to new record lows, providing prospective buyers with more incentive to brave a modestly recovering housing market.Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan dropped to 3.62 percent. That's down from 3.66 percent last week and the lowest since long-term mortgages began in the 1950s.The average rate on the 15-year mortgage,...
W.Va. teachers to attend 'Finance University'
Labels: BusinessCHARLESTON, W.Va. (AP) — West Virginia University's business school is teaming up with the state auditor's office and a nonprofit economic literacy group called the West Virginia Jump$start Coalition to present a conference for educators to learn personal finance — and how to teach it to their students.This year's Finance University is the 10th annual event for middle- and high-school teachers. It...
Average on 30-year US mortgage stays at 3.55 pct.
Labels: BusinessThe average rate on the 30-year fixed mortgage held steady this week, staying slightly above the lowest level on record. Low mortgage rates have aided a modest housing recovery.Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan was unchanged at 3.55 percent. In July, the rate fell to 3.49 percent, the lowest since long-term mortgages began in the 1950s.The average on the 15-year...
Ahead of the Bell: Weekly mortgage rates
Labels: BusinessWASHINGTON (AP) — Loan buyer Freddie Mac reports Thursday on whether mortgage rates are continuing to hold near recent low rates.Last week the average rate on the 30-year fixed mortgage held steady at 3.55 percent, slightly above the record low of 3.49 percent that was reached in July. Meanwhile, the average rate on the 15-year fixed mortgage, a popular refinancing option, dipped to 2.85 percent from...
Jan
02
Hillary Clinton released from the hospital
Labels: TechSecretary of State Hillary Rodham Clinton has been released from a New York hospital after being treated for a blood clot, the State Department announced on Wednesday."Her medical team advised her that she is making good progress on all fronts, and they are confident she will make a full recovery," State Department spokesman Philippe Reines said in a statement. A date has not been set for her to return...
Runaway Alaska oil rig dragged two tugs for miles
Labels: Tech The runaway oil rig that ran aground in Alaska on New Year's Eve dragged two vessels trying to control it more than 10 miles toward shore in just over an hour before the crews cut it loose to save themselves in "near hurricane" conditions.Details were still emerging on Wednesday from the U.S. Coast Guard and Royal Dutch/Shell, the company at the center of a controversial and accident-prone Arctic...
Fiscal Cliff Compromise: Winners, Losers and Those in Between
Labels: TechThe ink was still wet on Congress' fiscal-cliff fix Wednesday morning when Americans started lumping themselves into the winners and losers circles.And like a Venn diagram of politics, the circles overlapped with many dubbing themselves as part-loser, part-winner. Compromise is one way to view it: While Congress compromised over who qualified as wealthy, families across the country saw comprise in...
Senior trapped in Mississauga, Ont., nursing home elevator for more than a day
Labels: TechBRAMPTON, Ont. - Officials are investigating after an elderly woman was trapped in an elevator at her Mississauga, Ont., nursing home for more than 24 hours.Peel Region chair Emil Kolb said Wednesday in a statement that the senior was trapped in the elevator at the Malton Village Long Term from the evening of Dec. 23 until early Christmas morning.Kolb says the woman had been out with her family on...
McConnell: Fiscal cliff deal not great, but it shields Americans from tax hike
Labels: TechEditor's note: This op/ed is by Senate Republican Leader Mitch McConnell, R-Ky.The first day of a new Congress always represents a fresh start. This year, it also presents a perfect opportunity to tackle the single-greatest challenge facing our nation: reining in the out-of-control federal spending that threatens to permanently alter our economy and dim the prospects and opportunities of future generations...
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