Business |
By Marie Brown SACRAMENTO (OBSNews.com) - Real estate market watchers across Sacramento and the nation can continue to enjoy a strong tailwind in the form of continued low interest rates for home loans. Home lending giant Freddie Mac recently reported that the average rate for four types of home mortgage loans reached their lowest levels since 1971. Part of the reason for the continued decline in mortgage rates is because the prices on Treasury securities has increased. This creates a correspondingly lower yield for the Treasuries, and, because mortgage loan rates almost always follow suit. Rates on 30 year fixed mortgages averaged 4.49% compared to last Thursday's week end rate of 4.54% 15 year fixed rate mortgage loans carried an average rate of 3.95%, off from 4% the week prior. |
|||
By Marie Brown SACRAMENTO (OBSNews.com) - For borrowers interested in buying a home in Sacramento or across the nation there is good news in that mortgage giant Freddie Mac said Thursday that mortgage rates have fallen to record new lows. The average rate of 4.56% for a 30 year fixed rate mortgage loan was down one one-hundredth of a percent from the previous week. This rate is the lowest since 1971. 15 year fixed loan rates were down to 4.03% from 4.06% the week before. |
|||
High rankings for orthopedic and cancer specialties By Patrick McGilvray
SACRAMENTO (OBSNews.com) — The UC Davis Medical Center is considered among America's 50 best hospitals according to U.S. News and World Report. The recognition will be published online on July 15, 2010 as well as in the August print edition. With more than 5,000 hospitals in contention, the University of California at Davis' specialties of orthopedics and cancer were ranked 35th and 50th respectively. “We are delighted with this recognition from U.S. News,” commented Ann Rice, the CEO of the UC Davis Medical Center. “It is one of several indicators we use to monitor our ongoing efforts to provide excellent patient care and improve health outcomes for our community, the region and beyond.” |
|||
Bill Will Help Boost the Competitiveness of the U.S. Clean Tech Industry in the Global Energy Marketplace By Mara Lee WASHINGTON, D.C. (OBSNews.com) – Today, the House Commerce, Trade, and Consumer Protection (CTCP) Subcommittee unanimously passed H.R. 5156, the Clean Energy Technology Manufacturing and Export Assistance Act, legislation introduced by Congresswoman Doris Matsui (D-CA) to boost the competiveness of the U.S. clean technology industry in both domestic and international markets. The bill is co-sponsored by CTCP Chairman Bobby Rush (D-IL), Energy and Commerce Chairman Emeritus John D. Dingell (D-MI), and Congresswoman Anna Eshoo (D-CA). The bill now goes to the full Energy and Commerce Committee for consideration. H.R. 5156 would create a $15 million Clean Energy Technology Manufacturing and Export Assistance Fund to support the development, implementation, and sustainability of a National Clean Energy Technology Export Strategy, and assist U.S. Clean Tech firms with export assistance by finding and navigating foreign markets to export their goods and services abroad. The Matsui legislation would help also strengthen America’s domestic clean tech manufacturing industry by promoting policies that will reduce production costs and encourage innovation, investment, and productivity in the clean energy technology industry here at home. |
|||
