Quantcast

Tag Archives: debt crisis

Rate on 30-year mortgage below 4 pct. for second time

WASHINGTON — The average rate on the 30-year fixed mortgage fell below 4 percent for just the second time in history. Freddie Mac said Thursday the rate on the 30-year fixed loan fell to 3.99 percent, down from 4 percent ...

Read More »

Applications for unemployment aid drop to 390,000

WASHINGTON — The number of people who applied for unemployment benefits last week fell to the lowest level since April, a sign that employers could be stepping up hiring. The Labor Department said Thursday that weekly applications dropped to a ...

Read More »

Average rate on 30-year mortgage falls to 4 pct.

WASHINGTON — The average rate on the 30-year fixed mortgage fell to 4 percent this week, nearly matching the all-time low hit just one month ago. Freddie Mac said Thursday the rate on the 30-year loan dropped from 4.10 percent ...

Read More »

Stocks fall as hopes for Europe debt deal falter

NEW YORK — Stocks are falling in midday trading following poor corporate earnings and reports that a key meeting between finance ministers in Europe has been cancelled. Manufacturing leader 3M cut its 2011 earnings forecast, and U.S. Steel warned that ...

Read More »

Global leaders struggle to calm recession fears

WASHINGTON — The world’s major economic powers are pledging to launch a bold effort to deal with a chronic slowdown in growth and a European debt crisis threatening to push the global economy into another recession. But so far, markets ...

Read More »

Rate on 30-year mortgage falls to record 4.09 pct.

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 Mac said Thursday that the average rate on the 30-year ...

Read More »

C. Fraser Smith: Ghouls, goblins and the U.S. debt crisis

EDINBURGH, Scotland — Rupert Murdoch, who was driven off Page One, may be the only one to find something good in the recent implosion of confidence and credit in governments around much of the world. President Barack Obama and Congress ...

Read More »

GOP retools plan as Congress seeks debt fix

WASHINGTON — Six days away from a potentially calamitous government default, House Republicans appeared to be coalescing Wednesday around a work-in-progress plan by House Speaker John Boehner to increase the U.S. borrowing limit and chop $1 trillion in federal spending. ...

Read More »