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US rate on 30-year mortgage slips to 3.34 pct.
WASHINGTON (AP) -- Average U.S. rates on fixed mortgages moved closer to their record lows this week, a trend that has made home buying more affordable and helped sustain a housing recovery.
Mortgage buyer Freddie Mac says the average rate on the 30-year loan slipped to 3.34 percent from 3.35 percent last week. That's near the 3.31 percent rate reached in November, the lowest on records dating to 1971.
The average on the 15-year fixed mortgage ticked down to 2.64 percent from 2.65 percent last week. The record low is 2.63 percent.
The 30-year fixed mortgage rate averaged 3.66 percent in 2012, the lowest annual average in 65 years, according to Freddie Mac.
Cheaper mortgages are a key reason sales of previously occupied homes have risen to their highest level in three years.
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Posted: Saturday, January 5 2013, 01:26 PM CST
IN OKLAHOMA NEWS
Obama says nation must do more for fallen heroes
May 25, 2013 10:08 GMT
By DARLENE SUPERVILLE Associated Press
WASHINGTON (AP) -- President Barack Obama says the nation must do more than just remember its fallen heroes on Memorial Day.
In his weekly radio and Internet address, Obama says the country must care for the loved ones the fallen leave behind. He says the country must also make sure that all veterans receive the care and benefits they have earned.
Obama says that, above all, the armed forces must have the support needed to carry out their missions at home and abroad.
In the Republican address, Oklahoma Sen. James Inhofe thanks the nation for its prayers and support following Monday's deadly tornado in his home state. He recalls past natural and man-made disasters in Oklahoma and says that while the state was hard hit, "we're not knocked out."
Obama's address: http://www.whitehouse.gov Republican address: http://www.youtube.com/gopweeklyaddress
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From the FOX 25 First Forecast Center..The holiday weekend is here...Expect variable clouds with scattered showers and t'storms for your Saturday. ...
US durable goods orders rise 3.3 percent in April
WASHINGTON (AP) -- U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for military and civilian aircraft and an increase in business investment.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
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By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: RESTAURANT FLAP LEADS TO INTERNET MELTDOWN
SCOTTSDALE, Ariz. (AP) -- It isn't exactly to curry favor with your restaurant customers -- even if your specialty isn't curry.