Business – 2 December 2012

Mortgage Rates : 30-Year Fixed Rate Averages 3.32% Nationwide

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.

EFSF, European Stability Mechanism Ratings Cut by Moody’s

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.

WORLD FOREX: Japanese Yen Dips to 7-Month Low vs Euro

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.

Stocks End Mixed as ‘Cliff’ Doubts Linger

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.

Sandy Impact Is Blowing Around Consumer Outlook

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.

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