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Mortgage Rates Hold Near Lows

WASHINGTON, Sept. 22 (UPI) — Long-term mortgage rates were little changed, holding near record lows for the week, the U.S. Federal Home Loan Mortgage Corp. reported Thursday. Freddie Mac said the average interest rates for 15-year loans fell from 3.3 percent to 3.29 percent while interest rates on 30-year fixed-rate loans held steady at 4.09 […]

U.S. Leading Indicators Show Risk Rising

NEW YORK, Sept. 22 (UPI) — The U.S. index of leading economic indicators rose 0.3 percent in August, but economic risks are rising, the Conference Board said Thursday. The Leading Economic Index in August rose to 116.2, posting an increase for the third consecutive month, having risen 0.5 percent in July and 0.3 percent in […]

Home Prices Rose Slightly In August

WASHINGTON, Sept. 22 (UPI) — U.S. home prices rose 0.8 percent in July, the Federal Housing Finance Agency said Thursday. The agency’s House Price Index tracks prices for homes with mortgages backed by either the Federal National Mortgage Association or the Federal Home Loan Mortgage Corp. Data shows the index is 3.3 percent below July […]

Facebook Tweak Needed, Zuckerberg Presents Timeline

SAN FRANCISCO, Sept. 22 (UPI) — Facebook Chief Executive Officer Mark Zuckerberg said the U.S. Internet giant was launching a feature called Timeline to upgrade users’ profile pages. “It’s the story of your life,” Zuckerberg said at a Facebook developer conference, referring to the new layout that is designed to make it easier to view […]

Democrats, Auto Groups, Oppose Funding Cut

WASHINGTON, Sept. 20 (UPI) — An alliance of trade groups and 77 U.S. congressmen are appealing to House Speaker John Boehner, R-Ohio, to maintain funding for a fuel-efficiency program. House Republicans have proposed cutting $1.5 billion from a federal loan program administered by the Environmental Protection Agency that is designed to help automobile manufactures with […]

Mortgage Activity Little Changed In Week

WASHINGTON, Sept. 21 (UPI) — The Mortgage Bankers Association says U.S. mortgage activity rose marginally in the week ended Friday with long-term mortgage rates steady or falling. Interest rates for 30-year, fixed-rate mortgages were unchanged in the week at 4.29 percent with points rising from 0.38 to 0.41, the trade group said. Rates for 15-year, […]

On Long Odds, Home Sales Rise

WASHINGTON, Sept. 21 (UPI) — Existing U.S. home sales rose 7.7 percent in August despite tight credit and a shaky economy, the National Association of Realtors said Wednesday. The group said sales rose in the month “despite headwinds.” Total sales of single-family homes, townhomes, condominiums and co-ops rose to a seasonally adjusted annual rate of […]

Republicans Tell Federal Reserve To Sit On Its Hands

WASHINGTON, Sept. 21 (UPI) — Republican leaders in Washington said in a letter to U.S. Federal Reserve Chairman Ben Bernanke it was not the time to add any stimulus to the economy. The Fed’s Open Market Committee is in a two-day monetary policy meeting that began Tuesday and ends Wednesday afternoon. The letter from four […]

Paramount Project To Create 7,300 Jobs

HOLLYWOOD, Sept. 21 (UPI) — Paramount Pictures Corp. said it will renovate its Hollywood studio with a $700 million investment that will create 7,300 temporary jobs. When the renovation is complete, the famous studio would then have 5,500 permanent workers, said Frederick Huntsberry, the company’s chief operating officer, the Los Angeles Times reported Wednesday. The […]

Full Tilt Poker Allegedly A Ponzi Scheme

NEW YORK, Sept. 20 (UPI) — High-profile Internet poker Web site Full Tilt Poker defrauded players out of more than $300 million, the U.S. Department of Justice has charged. In a complaint filed Tuesday by the U.S. Attorney in the Southern District of New York, the Web site is described as a Ponzi scheme that […]

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