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Mortgage rates pull in borrowers - Raleigh News & Observer
Fed's pledge to buy up debt is 'wonderful gift' for Triangle lenders Many Triangle mortgage lenders were busier in the past two days than they've been in months. The flurry of activity was brought on by the 30-year fixed mortgage rate dropping to 5 ...

Mortgage brokers seeing more refinancing - WRAL
Raleigh, N.C. — New numbers out Wednesday show national sales of new homes are at their lowest point in 18 years. But when it comes to pre-owned, the days of bargain hunting here may be over. The Federal Home Finance Agency reports prices are still ...

Treasury Yields Drop to Record Lows as Bernanke Cites Buybacks - Bloomberg
Dec. 1 (Bloomberg) -- Treasuries rose, pushing yields to record lows, as Federal Reserve Chairman Ben S. Bernanke said the central bank may purchase Treasuries and target long-term interest rates to combat the deepening recession. Bonds rallied for a ...

U.S. Treasury Yields Drop to Record Lows on Recession Concern - Bloomberg
Dec. 1 (Bloomberg) -- Treasuries rose, sending yields to record lows, as a report showed U.S. manufacturing contracted in November at the fastest pace in 26 years. The yields on two-, 10-, and 30-year securities fell to record lows as global stock ...

On the House: Housing here is healthier - Philadelphia Daily News
For the first time since 1996, I did not attend the annual meeting of the National Association of Realtors, which took place earlier this month. The reasons: I've developed a deep hatred of flying - not the being-in-the-air part, but the security ...

House Race Update: Ohio Sup. Ct. to Rule on Franklin County Votes - ABC News Blogs
ABC News' Teddy Davis and Arnab Datta Report: A federal appeals court ruled Tuesday that the Ohio Supreme Court -- and not a federal district court -- is the proper forum to decide how approximately 1,000 challenged provisional votes should be ...

What low rates mean to you - Akron Beacon Journal
Last week, the Federal Reserve cut interests rates for the sixth time this year in its efforts to restrain the credit crisis. The move that reduced the rate to 1 percent was a plus for Wall Street, which was up 10.1 percent last week. But what have ...

Don't let low mortgage rates tempt you - Raleigh News & Observer
Story Tools If we've learned just one thing in recent years, it's this: If it looks too good to be true -- it's probably a subprime mortgage rate that's going to balloon soon after you turn the key. That's what hundreds of thousands of homeowners and ...

Morning Briefing - Raleigh News & Observer
Story Tools Former GE chief mutes criticism of successor HARTFORD, Conn. -- Former General Electric chief executive Jack Welch backed away from comments he made the previous day criticizing his successor for missing earnings targets. "Nothing ...

Rate cuts good and bad for consumers - Modesto Bee
The Federal Reserve just cut interests rates for the sixth time this year in its efforts to restrain the credit crisis. The move that reduced the rate to 1 percent was a shot in the arm for Wall Street, which was up 10.1 percent last week. But what ...