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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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Dubai-related sovereign wealth fears fade
Market Watch - 59 minutes ago
As the smoke clears from last week’s debt debacle by Dubai World, concerns about potential implications for other sovereign wealth funds have faded, experts say.
Stocks Soar as Job Loss Slows, Factory Orders Rise
TheStreet.com - 59 minutes ago
The Dow shoots up over 100 points, while the Nasdaq tacks on more than 30, as job loss in the U.S. slows.
How Rossignol ended its downhill slide
AP via Yahoo! Finance - 1 hour 0 minutes ago
For a company that has shed 20 percent of its work force and narrowly escaped bankruptcy, opening a glitzy new headquarters might look like corporate vanity.
Court Bars New York’s Takeover Of Land for Columbia Campus
New York Times - Thu Dec 3, 11:16 pm ET
Using terms including “idiocy” and “sophistry,” the court ridiculed the state’s decision that the area wanted by the university was blighted.
Mortgage rates hit lows, but will it last?
Chicago Tribune - Thu Dec 3, 11:13 pm ET
Average 30-year fixed loan at 4.71%, best on record and a boon for homebuyers and those looking to refinance Interest rates on the benchmark 30-year fixed-rate mortgage dipped to a 38-year low this week, giving consumers another reason to consider purchasing a home or refinancing their current one.
Solarfun to build 100 MW solar plant in China
AP via Yahoo! Finance - 1 hour 9 minutes ago
Chinese solar cell maker Solarfun Power Holdings Co. Ltd. on Friday said a subsidiary agreed to build a 100 megawatt solar power plant in China.
Denbury to Use Man-Made Carbon Dioxide to Coax Oil From Wells
Bloomberg - 1 hour 13 minutes ago
Dec. 4 (Bloomberg) -- Denbury Resources Inc. , the oil producer that last month announced the industry’s largest U.S. acquisition of this year, plans to use carbon dioxide captured from factories to boost crude output from decades-old fields.
Sterling Construction to offer 2.4M common shares
AP via Yahoo! Finance - 1 hour 22 minutes ago
Sterling Construction Co. said Friday it plans to offer 2.4 million common stock shares and intends to grant underwriters a 30-day option to buy up to 360,000 additional shares to cover over-allotments.
University turns iPhones into musical instruments
Reuters via Yahoo! News - Thu Dec 3, 10:54 pm ET
Welcome to an orchestra of the 21st century. iPhones are being used as musical instruments in a new course at an American university.
Fortresses Inspired by West Crumble in a New China
New York Times - Thu Dec 3, 10:53 pm ET
Towers and mansions built in the early 20th century by wealthy overseas Chinese are being left to rot as relics of a bygone age.
Jim Cramer's Portfolios of the Week
TheStreet.com - 1 hour 29 minutes ago
Here's what Cramer's been talking about lately.
German Stocks Extend Weekly Advance as U.S. Jobless Rate Falls
Bloomberg - 1 hour 34 minutes ago
Dec. 4 (Bloomberg) -- German stocks advanced, extending their second consecutive weekly gain, after a report showed the U.S. unemployment rate unexpectedly fell from a 26-year high.
Mirabela May Build Nickel Smelter in Brazil, Official Says
Bloomberg - 1 hour 36 minutes ago
Dec. 4 (Bloomberg) -- Mirabela Nickel Ltd., an Australian miner, may build a smelter to process nickel ore from its Santa Rita mine in Brazil’s northeastern Bahia state and start underground mining, a state official said.
Sun Microsystems, Take-Two, Western Gas: U.S. Equity Preview
Bloomberg - 1 hour 38 minutes ago
Dec. 4 (Bloomberg) -- Shares of the following companies may have unusual moves in U.S. trading . Stock symbols are in parentheses, and prices are as of 9 a.m. in New York.
Fannie Mae Prices New Issue 2-Year Benchmark Notes(R) due January 12, 2012
PR Newswire via Yahoo! Finance - Thu Dec 3, 11:49 am ET
The following is being issued by Fannie Mae :