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Mortgage applications steady
The Mortgage Bankers Association's index of mortgage activity slipped 0.6% to 642.7 in the week ended Aug. 27. New home loans fell 0.1% to 443.1 while refinancings declined 1.1% to 1,804.1. The average interest rate on a 30-year fixed mortgage fell to 5.75% from 5.78%.
** The average price of a home financed by lending giants Freddie Mac and Fannie Mae climbed 9.4% in the 12 months to June. That's the largest gain since '79. Prices rose 2.2% in Q2 from Q1, with Hawaii and coastal states seeing the biggest jumps.
Poll: Confidence eased last week
The ABC News-Money magazine consumer comfort index fell 2 points to -11 in the week ended Aug. 22 from the previous week. Of those polled, 37% feel confident about the economy, lower than 38% a week earlier. In addition, 59% said their finances are in good shape, the same as the week before.
Euro zone jobless rate steady
The region's jobless rate in July remained at 9%, or 12.7 mil people out of work, the same level as in June, ...