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Long-Term Loan Rates Sink Further

WASHINGTON (UPI) — Average mortgage rates for 30-year, fixed-rate loans fell to record lows for the sixth consecutive week, the Federal Home Loan Mortgage Corp. said Thursday. Average rates for 30-year contracts dropped from 3.75 percent to 3.67 percent with 0.7 points, a record low. Thirty-year mortgage rates averaged 4.49 percent the same week of […]

Mortgage Activity Up With Rates Down

WASHINGTON (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 […]

Europe's GDP All But Flat In First Quarter

BRUSSELS (UPI) — Eurostat, the statistical agency of the European Union, confirmed Wednesday the economies of Europe barely moved in the first quarter. In the 17-member eurozone, the gross domestic product fell 0.1 percent compared to the same quarter of 2011. In the 27-member European Union, the GDP rose 0.1 percent compared to the same […]

Retail Sales Rise Slightly In Week

WASHINGTON (UPI) — U.S. retail sales receipts rose 0.4 percent in the week ending Saturday after five consecutive weekly declines, a national trade group said. The International Council of Shopping Centers in Washington said sales rose week-to-week and climbed 2.8 percent compared to the same week a year earlier. The trade group said in Tuesday’s […]

Labor Department Firms Labor Cost Estimate

WASHINGTON (UPI) — Labor productivity in non-farm businesses fell at a 0.9 percent annual rate during the first quarter, the U.S. Bureau of Labor Statistics said Wednesday. The 0.9 percent drop in the first three months of 2012 is a revision from a month ago, when the decline was estimated at 0.5 percent. With current […]

Honda Fit Gets Highest EPA Fuel Rating

TORRENCE, Calif. (UPI) — The U.S. Environmental Protection Agency has given the 2013 Honda Fit EV its highest ever fuel efficiency rating, the company said Wednesday. The EPA bestowed a combined city and highway driving rating of 118 miles per gallon, topping the previous best 112 mpg earned by the Mitsubishi i-MiEV. Third on the […]

Factory Orders Slid In April

WASHINGTON (UPI) — U.S. factory orders dropped 0.6 percent in April and have fallen for three of the past four months, the U.S. Census Bureau reported Monday. After falling 2.1 percent in March — revised from a previous estimate of 1.5 percent — factory orders fell an additional $2.9 billion to $466 billion in April, […]

Teen Hiring Picks Up Over 2011

CHICAGO (UPI) — The summer job season for U.S. teenagers is off to a robust start compared to the previous two years, a private research firm said Monday. Outplacement consulting firm Challenger, Gray & Christmas said 157,000 teenagers found work in May, which kicks off the three-month summer job hiring season. A year earlier in […]

Stephen Baldwin Sues Costner Over Oil Device

NEW ORLEANS (UPI) — Actors Kevin Costner and Stephen Baldwin were in court Monday in New Orleans, battling over a business deal for a device designed to contain oil spills Costner is being sued by Baldwin, along with another plaintiff, seeking unspecified civil damages. Patrick Smith, a business associate of Costner’s, and Pacific West Resources, […]

Firm Sues Florida Over Ties-To-Cuba Law

TALLAHASSEE, Fla. (UPI) — A major construction firm in Florida is suing the state over a law that forbids working with firms with business ties to Cuba, court papers say. The Florida subsidiary of Brazilian construction giant Odebrecht is contesting a law signed last month by Gov. Rick Scott in a building known as the […]

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