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15-Year Mortgage Rates Hit A New Low

WASHINGTON, (UPI) — Average U.S. mortgage rates for 15-year contracts hit a record low in the week ending Thursday, the Federal Home Loan Mortgage Corp. said. Average rates for 15-year fixed-rate mortgages fell from 3.21 percent to 3.11 percent with 0.7 point, Freddie Mac said. In the same week of 2011, the average rate for […]

Producer Price Index Flat In March

WASHINGTON, (UPI) — The U.S. Producer Price Index for finished goods was unchanged February to March, the Bureau of Labor Statistics reported Thursday. Economists had predicted a 0.2 percent bump in prices producers charge for finished goods. Core prices, which exclude food and energy — did rise 0.3 percent in the month. But energy prices […]

U.S. Trade Gap Declined In February

WASHINGTON, (UPI) — The U.S. trade deficit dropped in February for the first time in four months, the U.S. Census Bureau said Thursday. After climbing by $2.2 billion to a revised January figure of $52.5 billion, the trade gap dropped back to $46 billion on exports of $181.2 billion and imports of $227.2 billion, the […]

Mortgage Activity Down Slightly In Week

WASHINGTON, (UPI) — The Mortgage Bankers Association said U.S. mortgage activity fell slightly in the week ending Friday, despite a drop in long-term interest rates. After rising the previous week, mortgage activity fell 2.4 percent. The trade group’s Refinancing Index also dropped, falling 3.1 percent from the previous week. Interest rates for 30-year, fixed-rate conforming […]

Retail Sales Up A Touch

WASHINGTON, (UPI) — U.S. retail sales were up a touch in the week ending Saturday with increased traffic at shopping malls, a trade group said. The International Council of Shopping Centers said sales rose 0.5 percent compared to the previous week and 4.5 percent compared to the same week of 2011. Traffic increased in shopping […]

Import Prices Gain Sharply

WASHINGTON, (UPI) — U.S. import prices rose 1.3 percent in March following a revised 0.1 percent downturn in the previous month, the Department of Labor said Wednesday. It was the highest one-month gain since a 2.6 percent jump in April 2011. The increase was pushed by a 3.8 percent increase in prices for fuel, the […]

Gas Prices Down — If You Can Call It That

WASHINGTON, (UPI) — The national average price of regular gasoline fell — marginally — for the first time in 11 weeks, the U.S. Energy Information Administration said Wednesday. The national average price of gasoline dropped by $0.002 cent in the week to $3.939 per gallon, the agency said. The average price is now 14.8 cents […]

Beige Book Broadly Optimistic

WASHINGTON, (UPI) — The U.S. Federal Reserve said Wednesday that the economy expanded in each of its 12 districts from mid-February through March. “The economy continued to expand at a modest to moderate pace,” the central bank said in its latest national survey published eight times a year and referred to as the Beige Book […]

Hybrid Owners Show Little Loyalty

DETROIT, (UPI) — U.S. consumers with hybrid cars are not showing strong loyalty to hybrids when returning to dealer showrooms, a survey of car owners indicated. Industry researchers at R.L. Polk & Co. found 35 percent of hybrid owners maintain loyalty to hybrids, a figure that drops to 25 percent if just one brand, the […]

Planting Pace Remains Brisk

WASHINGTON, (UPI) — The U.S. Department of Agriculture said Monday corn planting is ahead of the historic average, with weather permitting an early start to field work. The long-term average for corn planting for this week of the year is 2 percent — farmers just beginning to scratch at the planting season. This year, 7 […]

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