Mortgage rates slide for third week
Home buying has changed, but you can still get a mortgage (photos.com / October 1, 2010)
By Mary Ellen Podmolik Tribune reporter
9:26 a.m. CDT, October 3, 2013
Declining consumer confidence and the federal government’s shutdown helped push average mortgage interest rates down for the third consecutive week, Freddie Mac said Thursday.
The average on a 30-year, fixed-rate mortgage was 4.22 percent this week, compared with 4.32 percent last week and the lowest rate since June 20. Rates are still much higher than they were a year ago, when the average interest rate was 3.36 percent.
On a 15-year, fixed-rate mortgage, the average rate of 3.29 percent compared with 3.37 percent last week and 2.69 percent a year ago.
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This article has been curated from Mortgage rates slide for 3rd week
After wait times that ranged from a few minutes to several hours, consumers eventually were able to begin setting up accounts. But even after they got in, many ran into more trouble. A major roadblock appears to be during the third step in the application process, which asks people to select security questions for their accounts. Because drop-down menus for those questions wouldn’t load, the process stalled for many consumers. Officials said the problem was the result of high volume rather than a programming glitch; the federal website has recorded more than 6.1 million visitors since its launch early Tuesday through Wednesday afternoon.
This article has been curated from Glitches: ‘Tell people to just keep trying’
Schwietzer was most recently vice president of Amazon Prime. Lisa Kennedy, who founded Indian daily deal site Hopscotch, has been named vice president and general manager of Groupon Reserve, the Chicago-based company’s restaurant and entertainment discount program aimed at well-heeled customers. The program was initially launched in 2011, but was revamped in July. The new version of the program offers reservations at a variety of popular restaurants for up to 40 percent off. David Kerr, the former general manager of e-commerce for Angie’s List, will become Groupon’s vice president and general manager of home services. Kerr will be tasked with leading a team that reaches out to home and auto-related businesses and developing a group of local deals for Groupon.
This article has been curated from Groupon taps 4 new execs for key roles