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Financial Headlines
Thursday, September 02, 2010

Low Mortgage Rates Get Even Lower

Low mortgage rates have gotten even lower. Average interest rates for long-term mortgages set record lows in the week ending Sept. 2, the U.S. Federal Home Loan Mortgage Corp. said Thursday.

Homeowner

December's Existing Home Sales Drop Was Expected

Trends in existing home sales took a downturn in December, according to data released today by the National Association of Realtors. However, the drop-off was expected, as the surge recorded from September through November was largely spurred by homebuyers eager to meet the original November deadline for a tax credit.

Retirement Finance

Money Managers Urge Prudence

Top Hispanic-owned financial advisory firms are stressing conservative investments and back-to-basics strategies.

College Finance

Dream of College Thrives in Hispanic Community, Survey Shows

Hispanic Americans are strongly committed to achieving the American dream of a college education, a new nationwide survey by OppenheimerFunds shows. But in a troubled economy, that goal is "under siege," as only a small percentage are able to save up to make the dream a reality.