US rate on 30-year mortgage falls - Mid-South News, Weather, Traffic and Sports | FOX13

US rate on 30-year mortgage falls

Posted: Updated:

WASHINGTON (AP) -- U.S. mortgage rates declined this week, with the average on the 30-year fixed loan remaining just under 4 percent. But rates likely will surge next week now that Chairman Ben Bernanke said the Federal Reserve is likely to reduce its bond purchases later this year.

Bernanke's statements weren't fully reflected in the latest rates, which were compiled through Wednesday evening.

Concern that the Fed will wind down its bond purchases have pushed mortgage rates higher in recent weeks.

Mortgage buyer Freddie Mac says the rate on the 30-year loan eased to 3.93 percent last week. That's down from 3.98 percent last week but is still the highest level since April 2012.

The rate on the 15-year mortgage fell to 3.04 percent from 3.10 percent. That's the highest since May 2012.

  • Your MoneyMore>>

  • Heartbleed: Android devices may be vulnerable

    Heartbleed: Android devices may be vulnerable

    Tuesday, April 15 2014 10:14 PM EDT2014-04-16 02:14:46 GMT
    If you've heard about the Heartbleed bug, maybe you've already changed all your passwords and online security information. But Android users may still be at risk. Lance Ulanoff, senior editor of the online tech site Mashable, explains: "For the most part, Heartbleed has really been about the services that you access, and not local devices so the encryption on the device may have the same vulnerability."
    If you've heard about the Heartbleed bug, maybe you've already changed all your passwords and online security information. But Android users may still be at risk. Lance Ulanoff, senior editor of the online tech site Mashable, explains: "For the most part, Heartbleed has really been about the services that you access, and not local devices so the encryption on the device may have the same vulnerability."
  • Connecticut casinos post March slot revenue drop

    Connecticut casinos post March slot revenue drop

    Tuesday, April 15 2014 9:34 PM EDT2014-04-16 01:34:00 GMT
    Connecticut's Indian-run casinos say slot machine revenue fell sharply in March, with Foxwoods Resort Casino citing an "ultra-competitive" market. Foxwoods reported Tuesday that the share of wagers, known as revenue, was $44.6 million, down 10 percent from March 2013. Total slot machine wagering at the Mashantucket Pequot tribal casino was $566 million, down 5 percent.
    Connecticut's Indian-run casinos say slot machine revenue fell sharply in March, with Foxwoods Resort Casino citing an "ultra-competitive" market. Foxwoods reported Tuesday that the share of wagers, known as revenue, was $44.6 million, down 10 percent from March 2013. Total slot machine wagering at the Mashantucket Pequot tribal casino was $566 million, down 5 percent.
  • Heartbleed: what websites are affected and what you should do now

    Heartbleed: what websites are affected and what you should do now

    Tuesday, April 15 2014 9:16 PM EDT2014-04-16 01:16:42 GMT
    The Heartbleed bug is no joke. Websites, social networks, services, networking equipment, and web-enabled hardware may all be vulnerable. Here are some steps to take right now: Use the LastPass Heartbleed checker to see if websites you use are vulnerable and/or if they have installed security patches. Check the website of the company that made your home router in case it has been compromised. Make sure to download any software updates and security patches. Change your passwords.
    The Heartbleed security flaw is no joke. Websites, social networks, services, networking equipment, and web-enabled hardware may all be vulnerable. Here are some steps to take right now: Use the LastPass Heartbleed checker to see if websites you use are vulnerable and/or if they have installed security patches. Check the website of the company that made your home router in case it has been compromised. Make sure to download any software updates and security patches. Change your passwords.
Powered by WorldNow

WHBQ-TV | Fox 13
485 S. Highland St.
Memphis, TN 38111

Main Station: (901) 320-1313
Newsroom: (901) 320-1340

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices