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CFPB Issues Tighter Mortgage Lending Rules

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I'm Jason thank -- Fox Business street -- the consumer financial protection heroes issuing new rules.

An effort to prevent the relaxed mortgage lending practices that helped push the US economy into recession.

Head -- bureau says the guidelines released today will force banks to verify a borrower's ability to repay loans.

And the -- and a thirty year mortgages climbed to an eight week high but it does continue to hover near its record low now according to Freddie Mac.

The average rate is now 3.4 percent compared to the all time record low of 3.3 one.

That was set the week of November 21.

And shares of Supervalu are soaring after striking a deal to sell five -- -- to a consortium of investors led by Cerberus Capital Management.

The deal is worth 3.3 billion dollars and includes -- 177.

Stores.

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