Written by Dan Green, Published on The Mortgage Reports
According to Freddie Mac’s weekly Primary Mortgage Market Survey (PMMS), the national 30-year fixed rate mortgage rate climbed 1 basis to point to 3.32%, on average, nationwide.
Written by Craig Stirling, Published on Bloomberg
The European Stability Mechanism and European Financial Stability Facility were downgraded by Moody’s Investors Service, which cited a high correlation in credit risk present among the entities’ largest financial supporters.
Written by Eva Szalay, Published on Nasdaq
The yen slipped to a seven-month low against the euro in European trading hours Friday as month-end closing of bets weighed on the Japanese currency and increased demand for the greenback, while the single currency strengthened to a fresh one-month high against the greenback.
Written by JeeYeon Park, Published on CNBC
Stocks ended narrowly mixed in lackluster trading on the final day of November, as investors were reluctant to make big bets ahead of the weekend amid ongoing “fiscal cliff” discussions.
Written by Kathleen Madigan, Published on WSJ
After she blew in, Sandy took some wind out of consumers’ sails. But the impact should be temporary.