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U.S. mortgage rates fall to record low: Freddie Mac

Reuters - Thu Dec 3, 11:42 am ET

U.S. mortgage rates dropped to a record low in the latest week, as rates fell for a fifth straight week, a closely watched mortgage survey showed Thursday.

News Stories

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Obama sees trend of corporate recovery without job growth
USA Today - Fri Dec 4, 2:52 am ET
Excerpts of the USA TODAY and Detroit Free Press interview with President Obama.
Citigroup Stands Alone
New York Times - Fri Dec 4, 2:41 am ET
Life just got harder for Vikram S. Pandit. A day after Bank of America announced that it would repay its federal bailout money, Citigroup and Mr. Pandit, its chief executive, were left in the uncomfortable position of being the last of the Wall Street giants to remain tethered to the state, Andrew Martin and Eric Dash write in The New York Times.
Median Thurston home price drops; sales up
The Olympian - 2 hours 10 minutes ago
The median sales price of a Thurston County home fell to the lowest point of the year in November, down 6.23 percent since January 2009 and down 8.87 percent since November 2008, according to Northwest Multiple Listing Service data released Thursday.
Fed Chairman Bernanke blasted at confirmation hearing
USA Today - Fri Dec 4, 2:31 am ET
Testifying at his confirmation hearing for a second term as head of the Federal Reserve, Ben Bernanke said Thursday that he has the tools and the political backbone needed to reel in massive economic support once the recovery is firmly rooted.
Awarded Specialist Designation
Garden City News - Thu Dec 3, 9:42 pm ET
Cheryl McAuliffe Garden City, November 23, Cheryl McAuliffe, a Garden City realtor has been awarded the prestigious Certified Residential Specialist (CRS) Designation by the Council of Residential Specialists, the largest not-for-profit affiliate of the National Association of Realtors.
N.Korea bullish on economy amid cash reform panic
AFP via Yahoo! News - Fri Dec 4, 2:07 am ET
North Korea Friday hailed efforts to build a strong socialist economy but kept silent about its shock currency revaluation which has reportedly sparked fury and frustration.
Samoan Tsunami wave was 46 feet high
AP via Yahoo! News - Fri Dec 4, 1:23 am ET
The tsunami that killed more than 200 people in the Samoan islands and Tonga earlier this year towered up to 46 feet (14 meters) high — more then twice as tall as most of the buildings it slammed into, scientists said Friday.
Uptown Art Mingles With Architectural Gems
New York Times - Fri Dec 4, 1:20 am ET
Art viewing uptown involves rich parallel narratives concerning architecture and design, public life and private lifestyle, as well as the city’s history.
MBA Voices Serious Concerns' Over Consumer Financial Protection Bill
Multi-Housing News - Fri Dec 4, 7:53 am ET
Washington, D.C.The Mortgage Bankers Association (MBA) said it has serious concerns with the legislation passed by the House Financial Services Committee that would create a consumer financial protection agency.
Huge Gains for Select Dividend Sectors, Commodities Quiet
Indie Research via Yahoo! Finance - 11 minutes ago
Investors normally buy income-oriented sectors for long-term gains and compounding dividends, but select stocks shot higher over the last week.
Dow Gives It All Back and More
TheStreet.com - 18 minutes ago
Stocks give back chunks after rising on a report that showed the labor market stabilizing.
Across the USA News from every state
USA Today - Fri Dec 4, 12:59 am ET
News from every state
Hot water for the Twalas, hot debate at Copenhagen
AP via Yahoo! News - Fri Dec 4, 12:51 am ET
The shopping list includes wind farms, seawalls and even real estate — new homelands for flooded-out islanders. And poor countries want to present the bill to the rich at next week's climate talks in Copenhagen.
Obama Won’t Seek Second Major Economic Stimulus (Update1)
Bloomberg - 33 minutes ago
Dec. 4 (Bloomberg) -- The Obama administration won’t seek a second economic stimulus like the $787 billion package passed earlier this year, White House press secretary Robert Gibbs said.
Freight Adds Weight on Broad Rally
TheStreet.com - 33 minutes ago
Warren Buffett isn't the only big story in railroads. The freight car equipment makers are seeing big gains on Friday morning.