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What's happening today in the north valley - Enterprise-Record

Events

Farmers Market: 7:30 a.m. to 1 p.m., rain or shine year-round. Second and Wall streets, Chico. EBT cards accepted to use with redeemable market script for eligible food items. 893-3276. Weekly.

Avenue of Lights Drive-Through, Orland: 5:30-9 p.m. at Glenn County Fairgrounds, 221 E. Yolo St. at Woodward Street. $10 per car. 865-1168.

Music/Nightclubs...

Source: www.chicoer.com

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  • Community Calendar: Week of Oct. 3-9, 2012

    hours vary, check website or call. Admission: $6 resident, $8 non-resident, free for children 4 and younger. Water features, seating areas and sculptures, all in a tropical plant setting. Changing seasonal floral displays, special events, educational

  • Community Notepad

    An exhibition of traditional and contemporary quilts will take place at the Sanchez Adobe, 1000 Linda Mar Boulevard, on Saturday and Sunday, Oct. 20-21, between 1 to 4 p.m., both days. A bed turning activity Each candidate will be given the chosen

  • Strike vote due at American Airlines, but result may be secret

    After the voting deadline passes at noon central time on Wednesday (1 p.m. EDT), the union might not immediately release the results, and instead use them as a negotiating card in talks with the airline, Tom Hoban, a spokesman for the Allied Pilots

  • More Important News

    Come join Carroll-Lee-Whiteside County Extension and Dr. Gary Schnitkey, University of Illinois Farm Management Extension Specialist on October 4, 2012 for an informative and in depth look at determining cash rents. . Open burning of landscape waste

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News Summary: Rates on US mortgages at record lows
RATES AT RECORD LOWS: Average U.S. rates on fixed mortgages fell again to record lows this week. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates.

Rate on 30-year mortgage hits record low 3.40 pct.

In this Friday, Sept. 21, 2012, photo,a home is for sale in Oklahoma City. Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates. Mortgage buyer Freddie Mac said Thursday, Sept. 27, 2012, the rate on the 30-year loan dropped to 3.40 percent. That's down from last week's rate of 3.49 percent, which was the lowest since long-term mortgages began in the 1950s. (AP Photo/Sue Ogrocki)Average U.S. rates on fixed mortgages fell again to new record lows. The decline suggests the Federal Reserve's stimulus efforts may be having an impact on mortgage rates.


Already signs Fed action is working: Boston Fed's Rosengren
QUINCY, Massachusetts (Reuters) - The Federal Reserve's decision last week to buy large quantities of mortgage-backed securities is already having a positive effect on wholesale mortgage rates, the president of the Federal Reserve Bank of Boston said on Thursday. Eric Rosengren, in a speech to a chamber of commerce in the Boston suburb of Quincy, also said the U.S. economy was clearly in better shape than some developed peers internationally, but still not strong enough to bring the unemployment rate down more quickly. (Reporting By Ben Berkowitz; Editing by Chizu Nomiyama)

Ahead of the Bell: Weekly mortgage rates
Loan buyer Freddie Mac reports Thursday on whether mortgage rates are continuing to hold near recent low rates.

U.S. mortgage refinancing applications rise as rates hit record low: MBA

A U.S. flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of WashingtonNEW YORK (Reuters) - Applications for home mortgages dipped last week, though demand for refinancings rose as mortgage rates fell to a record low, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, edged down 0.2 percent in the week ended Sept 14. The seasonally adjusted index of refinancing applications gained 0.80 percent. The gauge of loan requests for home purchases, a leading indicator of home sales, tumbled 3.8 percent. ...


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