Friday, September 29, 2006
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Gwinnett Daily Post
Sluggish spell for economy not seen as turning into a recession
•WASHINGTON - The economy has slowed even more than previously thought, but the sluggish spell is not expected to turn into recession as Election Day nears.
Economic growth clocked in at an annual rate of just 2.6 percent from April through June, the Commerce Department said Thursday.
30-year mortgage rates fall again
•WASHINGTON - Rates on 30-year mortgages dipped this week to the lowest level in more than six months.
Mortgage giant Freddie Mac said Thursday that 30-year, fixed-rate mortgages fell to 6.31 percent this week, down from 6.40 percent last week.
The latest drop puts the 30-year mortgage at the lowest level since it stood at 6.24 percent in early March.
Stocks modestly higher after Dow surpasses record
• NEW YORK - The Dow Jones industrial average reached a milestone Thursday in Wall Street's nearly seven-year recovery from corporate upheaval, economic recession and terrorism, briefly trading above its record high close of 11,722.98 set on Jan. 14, 2000. The index of 30 blue chip stocks surpassed its record, rising to 11,724.86.
- From wire reports