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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Sep 14, 2012
Page
13
Freddie Mac reports the 30-year fixed mortgage held at 3.55 percent this week, near record lows. The 15-year fixed rate slipped to 2.85 percent, while one-year ARMs remained at 2.61 percent with fees around 0.4 to 0.6 point.
Southwest Airlines raises fares by 10 dollars on about 10 percent of routes. United later broadens the hike to most U S flights. American and JetBlue match on some routes, Virgin America matches United. Analysts note limited success and ongoing sales offset higher base prices. Delta-led raise attempt failed last week.
Oil prices climbed after the Federal Reserve unveiled measures to bolster a weak economy, including a 40 billion dollar monthly mortgage backed securities purchase and extending record low rates through mid-2015. Brent crude near 115.70 as tensions simmer in the Middle East.
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