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Consumers struggling with high gas prices, rising food costs and falling home values have something new to worry about: Sharply rising electricity rates due to a surge in coal prices over the past year.
Rates on 30-year mortgages edged down this week to their lowest point in a month, a spot of welcome news to would-be home buyers.
More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide in home values, a research company said Monday.
The cost of mailing a letter goes up a penny to 42 cents on Monday, the latest in what are expected to be annual price adjustments by the Postal Service.
The cost of mailing a letter goes up a penny to 42 cents on Monday, the latest in what are expected to be annual price adjustments by the Postal Service.
Rates on 30-year mortgages edged down slightly this week, but remained above 6 percent for the third straight week.
The European Central Bank left its interest steady at 4 percent on Thursday, following a similar decision by the British central bank to leave its rate at 5 percent.
The European Central Bank and the Bank of England are leaving their key interest rates steady.
The Bank of England left its interest rate unchanged on Thursday, and the European Central Bank was expected to do likewise as evidence mounts that growth in the euro zone is likely to slow in coming months.
The Bank of England left its interest rate unchanged on Thursday, and the European Central Bank was expected to do likewise as evidence mounts that growth in the euro zone is likely to slow in coming months.
As per the forecasts of the interest rates, the recent report in Reuters indicates that the Monetary Policy Committee (MPC) might maintain the 4.5 interest rate for another day or two, and that the final say on a hike or cut will come out this Thursday....
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