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Mortgage rates drop to lowest level this year
May 13, 2010 11:58 AM
Mortgage rates fell this week to the lowest level of the year. The drop was caused by a high demand for U.S. government securities, which closely track mortgage rates, as investors fled risky European debt. The average rate on a 30-year fixed rate mortgage dipped to 4.93 percent this... more » -
AIG to pay out $100 million in bonuses
February 3, 2010 9:03 AM
Reports say American International Group Inc. is about to pay about $100 million in a fresh round of bonuses to employees of its financial products division. That's the unit whose risky bets helped sink the company leading to a $180 billion government bailout. The New York Times reports although... more »
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