If You Can Afford A Home Now Is The Best Time To Buy News: Freddie Mac (FMCC) announced on Thursday that according to its market survey, interest rates for 30-year and 15-year fixed-rate mortgage loans hit their all-time lows. The rate declines came on the heels of the Federal Reserve’s “Operation Twist,” where the central bank announced plans to shift its investment strategy toward longer-term securities, in an effort to push long-term interest rates lower, while keeping short-term rates at very low levels. Read more here.
Economic News: The economy is showing signs of modest improvement — not enough to reduce high unemployment but enough to ease fears that another recession might be near. Fewer people applied for unemployment benefits last week, though some of the drop was due to technical factors. And the economy expanded slightly more in the second quarter than previously estimated. The pace of economic growth is also expected to pick up in the coming months. Read more here.
Meanwhile…In Libya News: Ousted Libyan leader Moammar Gadhafi is believed to be hiding out near the western town of Ghadamis under the protection of Tuareg fighters, an interim government military spokesman told CNN Tuesday. “We have reliable information that Gadhafi is protected by the Tuareg tribe located between Niger, Algeria and Ghadamis town in Libya,” said Col. Abdul Basit. Read more here.
While The CBC Complains About Bedroom Slippers…News: The White House has asked the Supreme Court to uphold its healthcare law, inviting a possible high-stakes legal showdown just before the 2012 election. The administration’s move came after a challenge to the reform from 26 states and small businesses. The justice department asked the Supreme Court to declare the law’s key provision, requiring everyone to buy health insurance, constitutional. Read more here.
Is Junk Food Safer? Geez…. News: As the death toll from the listeria outbreak climbed, federal health officials issued new warnings Wednesday to consumers to dispose of any cantaloupe they have if they don’t know where it’s from. The Centers for Disease Control and Prevention (CDC) has confirmed 72 illnesses, including 13 deaths, from listeriosis linked to whole melons grown by Jensen Farms in Holly, Colo. Three other deaths are currently under investigation. Read more here.
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