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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Mar 17, 2017
Page
18
Freddie Mac reports a 30 year fixed rate at 4.3 percent with 0.5 point, a 15 year at 3.5 percent, and a 5 year ARM at 3.28 percent. Rates hit their highest since December amid steady job growth and inflation worries, with economists noting further increases likely this year.
Wall Street ended mixed with the S and P 500 down 3.88 points to 2381.38 while the Nasdaq rose 0.71 to 5900.76 and the Dow fell 15.55 to 20934.55. Bond yields edged up as the 10 year note rose to 2.53 percent after the Fed kept its forecast for three rate hikes this year. Utilities led sector losses as yields rose and dividend stocks drew less appeal.
Retail beef prices have fallen from peak drought levels and 2016 prices sit below 2015 with beef production expected to reach a 2011-level year. Industry analysts forecast aggressive retailer advertising and consumer gains as supply rebounds and weather improves.
McDonalds says its Twitter account was hacked after posting a message calling Donald Trump a disgusting excuse of a President. The tweet praised Obama and mocked Trump before being deleted and the account secured. Pakistan seeks help from Facebook and Twitter to identify blasphemy material and potential suspects.
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