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U.S. markets recover from steep losses
MCLEAN, Va., March 15 (UPI) -- The benchmark 30-year fixed-rate U.S. mortgage average was unchanged at 6.14 percent, U.S. mortgage finance company Freddie Mac said Thursday.
The same mortgage averaged 6.34 percent a year ago, the company officially known as the Federal Home Loan Mortgage Corp. said.
The clearinghouse's weekly survey also showed 15-year mortgages rose to 5.88 percent this week from 5.86 percent.
One-year Treasury-indexed, adjustable-rate mortgages dropped to 5.42 percent from 5.47 percent.
Five-year hybrid adjustable-rate mortgages -- mortgages with a five-year fixed interest rate followed by an interest rate adjusted annually -- were unchanged at 5.9 percent, Freddie Mac said.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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