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Broad Selloff on Wall Street Continues

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I'm Tracy -- -- your Fox Business three of the broad selloff on Wall Street continues.

Disappointing reports on the US economy and concerns over the European debt crisis are weighing negatively on the markets.

Mortgage rates remain at record lows.

According to Freddie Mac the rate on a thirty year mortgage was unchanged last week at three point 66%.

The Chesapeake Energy has revealed its pay packets for its new independent chairman Archie Dunham.

General get 750000.

Dollars in stock awards along with cash compensation based on how -- with the company.

-- replaced CEO Aubrey McClendon as chairman last week after the company's board stripped McClendon of the title.

Compensation for -- directors was slashed by 20% last month after criticism from investors.

And that's the latest from the Fox Business Network giving you the power to prosper.