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Long-Term Mortgage Rates Hit Record Again

WASHINGTON, Sept. 15 (UPI) — Long-term mortgage rates dropped to record lows for the second consecutive week, the U.S. Federal Home Loan Mortgage Corp. reported. Freddie Mac said the average interest rates for 15-year loans fell from 3.33 percent to 3.3 percent while interest rates on 30-year fixed-rate loans dropped from 4.12 percent to 4.09 […]

Industrial Production Up Modestly

WASHINGTON, Sept. 15 (UPI) — Industrial production rose 0.2 percent in August after advancing 0.9 percent in July, the U.S. Federal Reserve Board said Thursday. Manufacturing output rose 0.5 percent, with production of durable goods up 1.3 percent and production of non-durable goods down 0.1 percent. Output from U.S. utility firms dropped 3 percent, as […]

Housing Bust Might See Fewer College Kids

CHICAGO, Sept. 15 (UPI) — A U.S. study has suggested an unexpected consequence of the recession’s housing bust: lower college attendance caused by lower home equity levels. As home values skyrocketed in the late 1990s and early 2000s, Cornell University economist Michael Lovenheim said, many families borrowed against that new equity to send their children […]

Industrial Production Rises In Europe

BRUSSELS, Sept. 14 (UPI) — Industrial production rose 1 percent in the 17-member eurozone in July, the EU statistical office Eurostat reported Wednesday. Production rose after a sharp 0.7 percent decline May to June. Among the 27-member European Union, production rose 1.1 percent after declining 1.2 percent in the previous monthly report. On an annual […]

Mortgage Activity Climbs In Week

WASHINGTON, Sept. 14 (UPI) — The Mortgage Bankers Association says U.S. mortgage activity rose in the week ended Friday with mortgage rates falling. Interest rates for 30-year, fixed-rate mortgages fell from 4.23 percent to 4.17 percent with points falling from 1.04 to 0.97. Rates for 15-year, fixed-rate contracts fell from 3.41 percent to 3.4 percent […]

Producer Prices Flat In August

WASHINGTON, Sept. 14 (UPI) — The U.S. Producer Price Index for finished goods was unchanged in August, the Bureau of Labor Statistics reported Tuesday. Overall, prices received by producers were flat after rising for 12 out of the past 13 months. Prices for finished goods rose 1.1 percent, while prices for energy items dropped 1 […]

Retail Sales Unchanged July To August

WASHINGTON, Sept. 14 (UPI) — Retail sales overall were unchanged from July to August, the U.S. Census Bureau reported Wednesday. Retail sales, including food service sales, adjusted for seasonal variations but not for prices, were $389.5 billion, “virtually unchanged” from July, but 7.2 percent above August 2010, the bureau said in a release. The consensus […]

Trade Inventories Rose In July

WASHINGTON, Sept. 14 (UPI) — Manufacturing and trade business inventories rose 0.4 percent in July, just under the consensus forecast, the U.S. Commerce Department said Wednesday. Inventories rose to $1.52 trillion, a 10.6 percent increase from a year earlier. Trade sales and manufacturers’ shipments rose 0.7 percent from June to $1.18 trillion. From July 2010, […]

U.K. Trade Gap With EU Widens

LONDON, Sept. 13 (UPI) — U.K. exports to EU members in July fell by 1.2 percent from June and imports rose 2.8 percent, the Office of National Statistics said Tuesday. Exports of goods to EU members totaled $20.85 billion in the month, while imports reached $26.7 billion, creating a trade deficit for the month of […]

Import Prices Fell In August

WASHINGTON, Sept. 13 (UPI) — U.S. import prices fell 0.4 percent in August after climbing 0.3 percent in the previous month, the Department of Labor said Tuesday. Prices for fuel imports fell 1.8 percent, contributing to the overall decline. Non-fuel import prices in August rose 0.2 percent. Import prices have dropped in two of the […]


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