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Mortgage Rates Hit Record Lows for Third Straight Week
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FBN's Robert Gray breaks down afternoon market news.
- Duration 0:55
- Date May 17, 2012
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FBN's Robert Gray breaks down afternoon market news.
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I'm Robert -- -- Fox Business briefing continues to be down.
On day for stocks fresh concerns over the European debt prices are overshadowing some upbeat earnings -- the likes of Wal-Mart.
Right now the Dow's up 84 points red arrows across the board.
Mortgage rates at record lows for a third straight week according to Freddie Mac the rate on the thirty year -- stands at three point 79%.
Rates have remained below the 4% mark since early December but low rates have done little to help through.
Home sales.
Henis and encouraging news about foreclosures according to realty track filings fell to a five year low last month -- bank sees fewer homes.
Research firm -- the decline was driven by increases in some of the hardest hit states like California Arizona and Nevada.
That as -- -- from the Fox Business Network giving you the power to prosper.