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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.

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Portrait of a Building as a Young High-Rise
New York Times - Thu Dec 3, 11:17 pm ET
The building at 66 Court Street in Brooklyn and the former life of a Barnes & Noble on the Upper West Side.
Fixed-Rate Mortgages Hit New Lows; 30-Year At 4.71% -Freddie
Nasdaq - Thu Dec 3, 11:03 am ET
Mortgage rates generally fell this week, with the average rate on 30-year fixed-rate mortgages reaching the lowest level in at least 38 years, according to Freddie Mac's (FRE) weekly survey.
BofA sells $19.3 billion of securities for TARP repay
Reuters via Yahoo! News - Thu Dec 3, 6:38 pm ET
Bank of America Corp sold more than $19 billion of equity on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.
Bair Pitches Strict Rules, New Rewards for Asset-Backed Market
Bloomberg - 2 hours 58 minutes ago
Dec. 3 (Bloomberg) -- The market for bonds backed by consumer debt won’t wean itself from government assistance until banks embrace stiffer guidelines for issuing the securities, U.S. Federal Deposit Insurance Corp. Chairman Sheila Bair said.
Reading The Tax Tea Leaves
Forbes - Thu Dec 3, 6:25 pm ET
One thing is sure, rates for the wealthy are going up.
You Can Still Cut Your 2009 Tax Bill
Forbes - Thu Dec 3, 6:24 pm ET
Thanks to the stimulus, there are more opportunities than usual to save.
More cash down proposed for FHA-backed mortgages
USA Today - Thu Dec 3, 1:38 am ET
Homebuyers insured by the Federal Housing Administration would have to provide more cash up front and meet higher credit scores under an Obama administration plan to protect the financially stretched agency.
Cops: 4 kids hurt in crash at Ind. day care center
AP via Yahoo! News - Thu Dec 3, 6:10 pm ET
Two robbery suspects fleeing police lost control of their sport utility vehicle and crashed into a day care center Thursday, injuring four children and an employee in a shower of bricks and other debris, police said.
David Lichtenstein's Bank Problems
Forbes - Thu Dec 3, 6:09 pm ET
Lawsuits allege the real estate investor's undercapitalized Park Avenue Bank engaged in corporate waste and fraud.
Lo's Got Friends In Shanghai Places
Forbes - Thu Dec 3, 6:08 pm ET
China's HNA Group is said to be in talks to take over two unfinished luxury hotels in Shanghai.
Record-low mortgage rates beckon home buyers
Market Watch - Thu Dec 3, 12:25 pm ET
The U.S. government’s efforts to revive the housing market help push mortgage rates down to record levels, making homes more affordable for buyers hunting for a good deal in a soft market.
Kentucky agriculture takes hit from recession
AP via Yahoo! News - Thu Dec 3, 5:55 pm ET
Kentucky's slumping horse industry appears on pace to be overtaken by poultry farming as the king of the state's agricultural sector, economists said Thursday.
Job Summit Takes On Unemployment, Baking Bread
Time Magazine - Thu Dec 3, 5:54 pm ET
Up on Capitol Hill Thursday, Fed Chairman Ben Bernanke painted yet another grim picture for the future of work in America
Regency Centers to sell 8 million shares of stock
AP via Yahoo! News - Thu Dec 3, 5:53 pm ET
Regency Centers Corp. said Thursday it plans to sell 8 million shares of common stock in a public offering.
A Primer on Why So Many Home Loan Modifications Fail
New York Times - Thu Dec 3, 5:50 pm ET
Many borrowers are failing to give banks proof of income or are unable to make the three monthly payments of the new lower amount required by the program.