| Rates for February 6, 2012 | |||
|---|---|---|---|
| 30 year fixed | 3.750% | 3.791% | -- |
| 15 year fixed | 3.125% | 3.191% | -- |
| 5/1 ARM | 2.750% | 2.790% | -- |
| 30 Year Jumbo | 4.750% | 4.790% | -- |
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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.
 ROMNEY BOYS' $100 MILLIONMitt Romney's five sons -- Matt, Tagg, Craig, Ben and Josh -- are sitting pretty with a trust fund worth $100 million. |
| Stocks close lower amid Greece jitters U.S. stocks hovered below the breakeven line throughout the trading day Monday, as investors anxiously awaited a Greek government decision on budget cuts that are key to securing a second bailout and avoiding default. |
| Obama vs. Reagan: A tale of two recoveries Faced with a strong jobs report Friday, Republicans tried out a new rhetorical message: This isn't a disaster, but Ronald Reagan could have done better. |
| Foreclosure deal: Closer, but not there yet States have until the close of the business day to agree to the latest draft deal aimed at relieving homeowners struggling with mortgages bigger than their home's value. |
| This is NOT a tech bubble - The Buzz The Nasdaq is at its highest level since the end of 2000. Highly speculative companies like Netflix and Zynga are soaring, and investors are salivating about possibly paying 100 times earnings for Facebook when it goes public. |
| Why Apple will pay a dividend FORTUNE -- The liquid securities alone on Apple's balance sheet, roughly $98 billion, would make it the 43rd most valuable company in the world. Apple's cash would rank it just behind McDonalds, an astounding and bizarre statement in the annals of modern cash management. No company in its right mind would keep $100 billion lying around. But then, as I've been arguing frequently of late, Apple is no normal company. It does just about everything differently, including how it socks away its money. |
| We're number one, says U.S. Postal Service Despite its financial difficulties and relatively heavy work load, the U.S. Postal Service has been declared the finest in the world by a British study. |
| Eli's coming: Super Bowl QB to cash in Eli Manning is heading to Disney World. Madison Avenue will be close behind. |
| Ford cries foul on Chevy 'apocalypse' ad General Motors ignored a request from Ford Motor Co. and ran a humorous Chevrolet truck ad during the Super Bowl that takes a slap at Ford. |
| Chrysler is king Once again, Chrysler's Super Bowl ad won the hearts and minds of football fans, this time with a little help from Clint Eastwood and, of course, Detroit. |
| Citi is first U.S. bank to issue Chinese credit card Citibank won approval to issue its own credit card in China, making it the first non-Asian bank to enter that market. |
| House bill bans welfare spending at strip clubs If welfare recipients want to dole out the dollar bills at a strip club, they'd better make sure it's not government money ... at least if a bill in Congress becomes law. |
| Verizon and Redbox team up to battle Netflix Verizon and DVD kiosk company Redbox said Monday that they're teaming up on a streaming video partnership, a move that puts Netflix squarely in their crosshairs. |
| 8 very valuable Buicks - yes, Buicks |
| S&P president: Why I'm still hopeful about Europe Douglas Peterson, the president of Standard & Poor's, talks about European downgrades, ratings agency regulation and why he left an investment bank to run a firm trying to restore its reputation. |
| Premiering today: Netflix's original TV gamble Netflix launched its first foray into original programming with the release of the TV show Lilyhammer Monday. The show, which stars Steven van Zandt as an ex-mobster in a witness protection program in Norway, was co-financed by Netflix and is, at least in the U.S., only available to the company's subscribers -- a move that mirrors original series produced by cable networks like HBO and Showtime. But there's a notable difference: Unlike HBO, Netflix is releasing the entire first season on day one. |
| Goldman's Blankfein endorses same-sex marriage Goldman Sachs CEO Lloyd Blankfein has recorded a commercial endorsing the right to same-sex marriage, becoming one of the highest profile corporate executives to weigh in on the controversial campaign. |
| What Romney must do with his fortune If Mitt Romney is elected president, he will have to make some tough choices about what to do with his personal fortune. |
| Gen-Y looks to developing economies for biz training Business schools, non-profits, and private employers are sending students and young workers to developing nations to hone their business skills. |
| Stealth jobs boom: 6 months, 2 million jobs Companies are saying the job market is getting better. Workers are saying it's already kicked into high gear. |
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