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Mortgage Rates Hold Steady In Week

WASHINGTON, Oct. 27 (UPI) — Long-term mortgage rates were little changed in the week ending Thursday, the U.S. Federal Home Loan Mortgage Corp. said. Freddie Mac said the average interest rates for 30-year, fixed-rate loans fell from 4.11 percent to 4.10 percent with an average of 0.8 points for the week. Rates have changed little […]

Pending Home Sales Slid In September

WASHINGTON, Oct. 27 (UPI) — Pending U.S. home sales fell in September for the third consecutive month, the National Association of Realtors said Thursday. The Pending Home Sales Index, measuring contracts that will likely close in November or December, fell 4.6 percent after dropping 1.2 percent in August. The index now reads 84.5, down from […]

Blog: Major U.S. Corporations Hacked

NEW YORK, Oct. 27 (UPI) — Google, Yahoo, Facebook, Microsoft, IBM, and Amazon were among 760 companies hit by cyberattacks this year, a security analyst says. Security analyst Brian Krebs this week posted a list of 760 companies that may have attacked by malware through a vulnerability in RSA’s SecurID tags, CNN Money reported Thursday. […]

New Home Sales Rise In September

WASHINGTON, Oct. 26 (UPI) — Sales of new single-family homes rose 5.7 percent from August to September, the U.S. Commerce Department said Wednesday. Home sales in September came in at a seasonally adjusted annual rate of 313,000. In August, 296,000 new homes were sold, the department said releasing a revised figure.. The rate of home […]

Mortgage Activity Rises In Week

WASHINGTON, Oct. 26 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity rose slightly in the week ended Friday with long-term mortgage interest rates little changed. Interest rates for 30-year, fixed-rate mortgages were unchanged in the week at 4.33 percent with points rising from 0.47 to 0.48, the trade group said. Rates for 15-year, […]

Cool Week Fails To Heat Up Shopping

WASHINGTON, Oct. 26 (UPI) — U.S. retail sales dropped in the week ending Saturday despite cooler temperatures that could have increased store traffic, a trade association said. The International Council of Shopping Centers said sales fell 0.8 percent from the previous week, “despite the slightly cooler temperatures across the nation … which should have been […]

Billionaire Turns Himself In To FBI

NEW YORK, Oct. 26 (UPI) — Billionaire executive Rajat Gupta turned himself into the FBI Wednesday in connection with the Galleon Group insider trading case, The New York Times reports. Gupta is a former director at Goldman Sachs and Proctor & Gamble, who is charged with feeding information to Galleon Group founder Raj Rajaratnam, who […]

Fears Deepen Of No Euro Debt-Crisis Deal

BRUSSELS, Oct. 26 (UPI) — Fears of no eurozone debt-crisis breakthrough deal deepened Wednesday as Europe’s leaders were to meet while still at loggerheads over what to do. A European Union finance ministers meeting, set for Wednesday before an evening Brussels summit meeting of EU leaders, was abruptly canceled Tuesday amid disagreements over writing down […]

Americans Want To See Restaurant Grades

NEW YORK, Oct. 25 (UPI) — Americans overwhelmingly favor requiring restaurants to post the grades they receive from local U.S. health departments, a survey by Zagat indicates. The restaurant review organization said it found that 81 percent of those surveyed nationwide wanted to know what letter grade was earned by the restaurants they eat at. […]

Home Prices Mixed For August

NEW YORK, Oct. 25 (UPI) — U.S. home prices rose in 10 out of 20 monitored cities in a closely watched housing index, the S&P/Case-Shiller report for August said. In the smaller, 10-city index, prices rose 0.2 percent month-to-month. In the 20-city index, the average was the same, up 0.2 percent, with gains posted in […]

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