Average fixed mortgage rates in the U.S. declined in the latest week, returning to near their lows for the year, according to mortgage-finance company Freddie Mac (FMCC).
"Fixed mortgage rates were down on a week filled with bleak forward projections from the Federal Reserve and concern over growth in Europe," Freddie Mac Chief Economist Frank Nothaft stated Thursday.
By James Glynn
SYDNEY--Australian employment jumped by a record 121,000 in August, pushing the unemployment rate down from a 12-year high reached in July, and fueling a strong recovery in the Australian dollar.
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