| Rates for May 9, 2008 | |||
|---|---|---|---|
| 30 year fixed | 5.750% | 5.800% | -- |
| 15 year fixed | 5.375% | 5.420% | -- |
| 5/1 ARM | 5.000% | 6.010% |
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| 30 Year Jumbo | 7.625% | 7.650% |
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Business and financial news - CNNMoney.comFrom CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
 Barely surviving on credit cardsThese days, more and more people are saying "Charge it." |
| Wall Street hit by oil and AIG Stocks tumbled Friday afternoon, with the Dow off more than 100 points, after AIG's weak quarter revived worries about the credit crisis and record oil and gas prices exacerbated fears about the threat of inflation. |
| Congress' plan won't stop oil's spike As part of their plan to tame record oil prices, lawmakers are urging the President to stop putting oil in the nation's Strategic Petroleum Reserve. But some analysts say that won't do much to lower gas prices. |
| Fears of a Countrywide-BofA blowup simmer |
| Citi to shed $400 billion Citigroup Inc. said Friday it planned to unload $400 billion in assets over the next few years as the beleaguered banking icon aims to reinvigorate itself. |
| AIG chief under siege Martin Sullivan, the chief executive of American International Group, picked the right time to build what he calls a "fortress balance sheet," because bad bets in the mortgage markets have him and his board under siege. |
| Wall Street looks for a signal from Sprint As investors await the wireless carrier's earnings report on Monday, CEO Dan Hesse is counting on Sprint Nextel's new WiMax deal to help turn the company around. By Michal Lev-Ram. |
| 10 homes for sale in still-hot markets |
| Teachers give job prospects an 'F' Jonathan Hash, a history teacher at Herbert Hoover High School in San Diego, is enthusiastic about the teaching career he began two years ago. But now he might lose his job because of a statewide budget crisis, and that could force him to leave teaching altogether. |
| Tax rebates won't work - 82% say Eight in 10 Americans believe that the government's $110 billion effort to help consumers will not boost the economy, according to a poll released Friday. |
| Could 'Rock of Love' boost your career? Which strategy works better for your career: Watching 'Supernanny' or scouring the New York Times? |
| Why Microsoft isn't buying Facebook When Microsoft walked away from its blockbuster bid for Yahoo, the media sought desperately to keep the news coming even when there wasn't much left to say. That seems to be how The Wall Street Journal came up with the notion that Microsoft had approached Facebook about an acquisition. It's not true. |
| Why inflation is not the big problem Suddenly inflation is the word on everyone's lips. But as much as they might like to, policymakers cannot forget about a bigger problem - the lingering effects of the credit crunch. |
| Gas prices hit 2nd straight record Retail gasoline prices have jumped to yet another record high, drivers' advocacy group AAA's Web site showed Friday. |
| House OKs controversial housing plan The House on Thursday passed a contentious foreclosure-prevention package, which still faces a veto threat from the White House and an uncertain fate in the Senate. |
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