US fixed mortgage rates fall to new record lows

WASHINGTON (AP) — Fixed U.S. mortgage rates fell again to new record lows, providing prospective buyers with more incentive to brave a modestly recovering housing market.Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan dropped to 3.62 percent. That's down from 3.66 percent last week and the lowest since long-term mortgages began in the 1950s.The average rate on the 15-year...

Read More..

W.Va. teachers to attend 'Finance University'

CHARLESTON, W.Va. (AP) — West Virginia University's business school is teaming up with the state auditor's office and a nonprofit economic literacy group called the West Virginia Jump$start Coalition to present a conference for educators to learn personal finance — and how to teach it to their students.This year's Finance University is the 10th annual event for middle- and high-school teachers. It...

Read More..

Average on 30-year US mortgage stays at 3.55 pct.

WASHINGTON (AP) — The average rate on the 30-year fixed mortgage held steady this week, staying slightly above the lowest level on record. Low mortgage rates have aided a modest housing recovery.Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan was unchanged at 3.55 percent. In July, the rate fell to 3.49 percent, the lowest since long-term mortgages began in the 1950s.The...

Read More..

Ahead of the Bell: Weekly mortgage rates

WASHINGTON (AP) — Loan buyer Freddie Mac reports Thursday on whether mortgage rates are continuing to hold near recent low rates.Last week the average rate on the 30-year fixed mortgage held steady at 3.55 percent, slightly above the record low of 3.49 percent that was reached in July. Meanwhile, the average rate on the 15-year fixed mortgage, a popular refinancing option, dipped to 2.85 percent from...

Read More..

Rate on 30-year mortgage hits record low 3.40 pct.

WASHINGTON (AP) — Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates.Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.40 percent. That's down from last week's rate of 3.49 percent, which was the lowest since long-term mortgages began in the...

Read More..

Pope pardons ex-butler who stole, leaked documents

VATICAN CITY (AP) — Pope Benedict XVI granted his former butler a Christmas pardon Saturday, forgiving him in person during a jailhouse meeting for stealing and leaking private papers in one of the gravest Vatican security breaches in recent times.After the 15-minute meeting, Paolo Gabriele was freed and returned to his Vatican City apartment where he lives with his wife and three children. The Vatican...

Read More..

Pope grants pre-Christmas pardon to former butler

VATICAN CITY (Reuters) - Pope Benedict made a surprise pre-Christmas visit to the jail holding his former butler on Saturday and pardoned him for stealing and leaking documents that alleged corruption in the Holy See.The pope and Paolo Gabriele spent about 15 minutes together before Gabriele was freed and allowed to return to his family in their Vatican apartment, a Vatican spokesman said.Gabriele...

Read More..

Merkel rival attacks Germany's soaring arms exports

BERLIN (Reuters) - Peer Steinbrueck, set to challenge Angela Merkel as German leader next year, criticized her centre-right government on Saturday for letting arms exports surge and vowed to end that if his centre-left opposition wins power.The former finance minister, nominated to lead the Social Democrats (SPD) into September's election against Merkel, said it was a scandal that Germany has become...

Read More..

Car bomb kills five in Damascus: Syrian Observatory

BEIRUT (Reuters) - A car bomb killed five people and wounded dozens in the eastern Damascus district of Qaboun on Saturday, the Syrian Observatory for Human Rights said.Another activist group in Damascus gave no figures for the number of people killed in the blast but said bodies were still being recovered from wreckage caused by the explosion.The British-based Observatory, which monitors violence...

Read More..

UK prosecutors consider charges over royal hoax callapologised for their actions.

LONDON (Reuters) - British detectives investigating the death of a nurse found hanged after she took a prank phone call at a hospital treating Prince William's pregnant wife Kate have passed an evidence file to prosecutors, police said on Saturday.Public prosecutors must decide whether the case is strong enough to bring charges over a stunt that was condemned around the world and fuelled concerns...

Read More..