1.
Drones over U.S. may pose security risks
WASHINGTON, Dec. 3 (UPI) -- Interest rates for 30-year fixed-rate mortgage loans fell to a record low in the week ending Dec. 3, the Federal Home Loan Mortgage Corp. said Thursday.
The 30-year, fixed-rate mortgage averaged 4.71 percent with an average 0.7 points during the week, Freddie Mac said.
A week ago, 30-year, fixed-rate mortgages averaged 4.78 percent. A year ago, rates averaged 5.53 percent.
At 4.27 percent with an average 0.6 points, the 15-year, fixed-rate average also fell, dropping from the previous week's average of 4.29 percent.
The new average rate for 15-year fixed-rate loans is the lowest since Freddie Mac began keeping the data in 1991.
"Low mortgage rates and the cumulative decline in house prices have contributed to an extremely affordable housing market," said Frank Nothaft, Freddie Mac vice president and chief economist.
|
|
|
| Additional Business News Stories | |
WASHINGTON, Feb. 10 (UPI) --
The Nuclear Regulatory Commission approved the construction of two new nuclear reactors, the first to be built in the United States since 1978.
|
CHARLOTTE, N.C., Feb. 10 (UPI) --
The Babcock and Wilcox Nuclear Operations Group reports a second order for nuclear power components for the U.S. Navy under a contract awarded in 2010.
|
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....
|
Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
|
| Stories | Photos | People | Comments |
View Caption
