Mortgage rates dip as housing slows and Fed holds
Freddie Mac reports the 30 year fixed rate at 4.21 percent, down from 4.29, with the 15 year at 3.32 percent. The Fed signaled bond holdings stay high for years as rates rise gradually and unemployment claims fall to 319,000 signaling slow labor market improvement.
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Associated Press
Alibaba IPO casts shadow over tech stocks
As Alibaba readies for a blockbuster U S listing, tech shares pull back. Investors shift from growth names like Amazon and Groupon to value plays with steady dividends, boosting utilities energy and health care while tech remains under pressure.
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