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Mortgages Rate Fall To Record Lows; 30-years of 4.85%

 

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Copyright 2009 MarketWatch.com Inc.All Rights Reserved
MarketWatch

26 March 2009 Thursday 12:00 PM EST

SECTION: NEWS & COMMENTARY; Markets; Newswatch

LENGTH: 287 words


TITLE: lower mortgage rates lowest in 30 years at 4.85%

Signature: MarketWatch



The average rate on 30-year fixed-rate mortgages reached a record low this week after the Federal Reserve announced it would buy Treasury securities in the next six months, Freddie Maca € ™ s Economist Head said on Thursday.

Geithner unveils new rules for Wall Street Thursday

Treasury Secretary Timothy Geithner is expected to propose new financial regulations sweep of Congress during testimony Thursday, including more stringent control of the government to take financial risks, according to reports.

China central banker sees growth in "superior system"

People € ™ s Bank of China Governor Zhou Xiaochuan, in a week in which he called for the abandonment of the dollar as the world € ™ s reserve currency, says economic growth in China is due to recovery countryâ € ™ s "superior system advantage."

Economic Report: U.S. current unemployment record 122,000 applications rise 5.56 million

The number of people collecting state unemployment benefits reached a new record, rising to 5.56 million seasonally adjusted 122,000, Labor Department data. The first time, claims tick higher.


Best Buy forecasts exceed estimates, lifting stock

Encourage investors rose more than expected, estimates of the national € ™ s largest retailer of electronics, even after posting a decline of 23% of its quarterly earnings.

TaxWatch: That filing online or offline, do not ignore the risks of identity theft

No matter how you choose to file your taxes - a pencil and paper, online or a paid preparer - you face the risk that the unbelievers will filch a copy of your return and use your valuable financial information to enrich themselves.

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