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Mortgage rates fall once more to record lows
WASHINGTON — Fixed mortgage rates have fallen to historic new lows for a fourth straight week and are likely to fall further. The average on a 30-year fixed mortgage fell […]
Rate on 30-year mortgage falls to record 4.01 pct.
WASHINGTON — Fixed mortgage rates have fallen to historic new lows for a fourth straight week and are likely to fall further. The average on a 30-year fixed mortgage fell […]
Businesses boost orders for equipment, machinery
WASHINGTON — Companies ordered more machinery, computers and communication equipment in August, a positive sign for the slumping U.S. economy. An increase in demand for those kind of longer-lasting factory […]
U.S. home sales jump 7.7 pct. as foreclosures rise
WASHINGTON — The number of Americans who bought previously occupied homes rose in August. But sales were driven by an increase in foreclosures, evidence the housing market remains weak. The […]
Mortgage rates keep falling but few can cash in
WASHINGTON — Fixed mortgage rates fell to the lowest level in six decades for the second straight week. But few Americans can take advantage of the historically low rates. Freddie […]
Economists cut growth forecasts for 2011 and 2012
WASHINGTON — Confronted with an economy that has decidedly underperformed this year, economists are scaling back their growth forecasts for 2011 and next year. In their latest forecast, top economists […]
Contracts to buy homes fell 1.3 percent in July
WASHINGTON — The number of Americans who signed contracts to buy homes fell in July, further evidence that the depressed housing market remains a drag on the economy. The National […]
Consumer spending highest in five months
WASHINGTON— Consumer spending grew in July by 0.8 percent, the largest amount in five months. That followed a decline in June and helped ease fears that the U.S. economy is […]
New-home sales fall, 2011 could be worst year yet
WASHINGTON — The number of Americans who bought new homes fell for the third straight month in July, putting sales on track to finish this year as the worst on […]
Dow soars 423 points on economic news
NEW YORK — Stocks are rising at the close of trading after investors latched onto some small signs that the economy might not be headed into another recession. Fewer Americans […]
Unemployment aid applications tick down to 400K
WASHINGTON — The number of Americans seeking unemployment benefits dipped last week, a sign the job market may be improving slowly. The Labor Department says that applications for unemployment benefits […]
Contracts to buy homes rose in June for 2nd month
WASHINGTON — The number of Americans who signed contracts to buy homes rose for a second month in June. But the gain was not enough to signal a rebound in […]
