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Consumer Corner: Foreclosure settlement no magic bullet for economy
MCLEAN, Va., Oct. 18 (UPI) -- U.S. mortgage rates are mixed in light of continued high housing inventories and slow sales, the Freddie Mac mortgage market survey said Thursday.
The 30-year fixed-rate mortgage averaged 6.40 percent with an average 0.5 point this week, unchanged from last week,
The 15-year fixed-rate mortgage this week averaged 6.08 percent with an average 0.6 point, up from last week’s 6.06 percent.
Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 6.11 percent this week, with an average 0.5 point, down slightly from last week’s 6.12 percent.
One-year Treasury-indexed ARMs averaged 5.76 percent this week with an average 0.6 point, up from last week’s 5.73 percent.
Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing.
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GENEVA, Switzerland, Feb. 13 (UPI) --
People n the Palestinian territories don't have their most basic needs met because of an Israeli blockade, a U.N. human rights official said.
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MCLEAN, Va., Feb. 13 (UPI) --
The U.S. Department of Defense and the U.S. Air Force are to receive support services from SAIC under separate contracts.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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