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Crude oil pushes toward $96
WASHINGTON, June 6 (UPI) -- The Mortgage Bankers Association said U.S. mortgage activity rose 1.3 percent in the week ended Friday with interest rates falling on long-term loans.
The trade group's Refinancing Index also rose slightly, rising 2 percent, the MBA said.
Interest rates for 30-year, fixed-rate conforming mortgages fell from 3.91 percent to 3.87 percent with average points at 0.46, unchanged from the previous week.
That is the lowest rate in the history of the survey, the MBA said.
Also dropping to a record low, rates for 15-year, fixed-rate contracts fell from 3.23 percent to 3.2 percent.
Points for 15-year loans rose from 0.39 to 0.46.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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