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Iran shipping line masks 'arms vessels'
WASHINGTON, Sept. 2 (UPI) -- Average interest rates for long-term mortgages set record lows in the week ending Sept. 2, the U.S. Federal Home Loan Mortgage Corp. said Thursday.
Freddie Mac said "modest inflation expectations" contributed to the drop in interest rates for 15-year and 30-year fixed rate mortgages, which have numerous record lows through the summer.
"The 12-month price growth of core personal expenditures remained at 1.4 percent in July, which kept overall inflation expectations well at bay," said Freddie Mac Deputy Chief Economist Amy Crews Cutts.
In the latest weekly survey, Freddie Mac said interest rates for 30-year, fixed-rate contracts dropped from 4.36 percent with an average of 0.7 points, to 4.32 percent, a 39-year low.
Average interest rates for 15-year, fixed-rate mortgages fell from 3.86 percent to 3.83 percent. Points for 15-year mortgages averaged 0.6 during the week.
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TEL AVIV, Israel, Feb. 8 (UPI) --
Israel is reported to be seeking to deploy fighter aircraft in Cyprus, its partner in developing a natural gas bonanza under the eastern Mediterranean, to protect these vital energy resources.
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WASHINGTON, Feb. 8 (UPI) --
Thousands of tiny unmanned aircraft or drones flying into civilian airspace over the United States can pose a security threat as they may be difficult to monitor in the long run and some craft may fall into enemy hands, security analysts say.
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Despite predictions that home prices are close to bottom, the leading provider of home equity protection sees its customer base exploding in 2012 because of changing consumer attitudes towards homeownership....
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With union workers protesting in the street, leaders in Greece met to hash out details of spending cuts that long ago crossed into draconian territory.
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