1.
U.S. markets recover from steep losses
WASHINGTON, March 20 (UPI) -- Interest rates for both 30-year and 15-year fixed-rate mortgages in the United States declined this week, Freddie Mac reported Thursday.
At 5.87 percent, the average 30-year fixed interest rate dropped over last week's average of 6.13 percent with mortgages including an average of 0.5 points. The 30-year fixed-rate mortgage averaged 6.16 percent a year ago, the report said.
Fifteen-year fixed rate mortgages also decreased, averaging 5.27 percent with an average of 0.5 points. A week ago 15-year fixed rate mortgages averaged 5.6 percent, while a year ago they averaged 5.9 percent, the weekly report said.
"Mortgage rates fell this week as various actions were taken to improve market liquidity," said Freddie Mac chief economist Frank Northaft. "Meanwhile, retail sales fell by 0.6 percent in February, contrary to the consensus forecast of a 0.2 percent increase, signaling that the condition of the economy might be weaker than previously thought," he said.
|
|
|
|
|
|
| Additional Business News Stories | |
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.
|
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.
|
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...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
