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Drones over U.S. may pose security risks
WASHINGTON, Nov. 19 (UPI) -- Interest rates for fixed-rate mortgage loans fell this week to near or below historic levels, the Federal Home Loan Mortgage Corp. said Thursday.
The 30-year, fixed-rate mortgage averaged 4.83 percent with an average 0.7 points during the week ending Nov. 19, the lowest rate since late May, Freddie Mac said.
A week ago, 30-year, fixed-rate mortgages averaged 4.91 percent. A year ago, rates averaged 6.04 percent.
At 4.32 percent with an average 0.6 points, the 15-year, fixed-rate average also fell, dropping from the previous week's average of 4.4 percent.
The new average rate for 15-year fixed-rate loans is the lowest since Freddie Mac began keeping records in 1991, said Frank Nothaft, Freddie Mac vice president and chief economist.
Low rates July through September have begun to add up to real savings, he said.
"Low fixed rates throughout the third quarter prompted an estimated $1.1 trillion in refinancing activity, saving homeowners about $10 billion in aggregate monthly payments over the first 12 months of their new loan," he said.
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PITTSBURGH, Feb. 10 (UPI) --
Developing the U.S. natural gas sector is a way to safeguard the nation's energy security, the mayor of Pittsburgh said alongside the U.S. energy secretary.
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ISLAMABAD, Pakistan, Feb. 10 (UPI) --
The last three of 18 new and upgraded F-16 fighter jets from the United States arrived in Pakistan, a report by the Indo-Asian News Service said.
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For the first time since the condo crash of 2007, Florida median existing condo prices came roaring back 2011, rising by a hefty 5 percent on a quarter-to-quarter basis....
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Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
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