FREEPORT, Maine (AP) — Leon Gorman, a grandson of L.L. Bean who led a modernization of his family's outdoor clothing and gear retail business after the founder's death, died Thursday. He was 80. (full story)
NEW YORK (AP) — U.S. and global stocks were broadly higher in midday trading Thursday, helped by comments from European Central Bank policymakers, who said they were willing to provide more stimulus to the region's economy, if needed. A rebound in oil prices lifted energy stocks. (full story)
BERLIN (AP) — Volkswagen says its chief financial officer, Hans Dieter Poetsch, is set to become its new chairman — filling the position that longtime company patriarch Ferdinand Piech vacated in April. (full story)
WASHINGTON (AP) — More Americans applied for unemployment benefits last week, but applications remain at historically near low levels in a positive sign for the U.S. economy amid a broader global slowdown. (full story)
(1) Treasury Yields - The interest rate that the U.S. Treasury pays to borrow money.
(2) Bank Rates - The federal funds rate is the rate that banks pay to borrow reserves from each other in the interbank market. The prime rate is the rate that banks charge for loans to their best customers.
(3) The interest rate swap rate represents the fixed rate paid on a rate swap to receive payments based on a floating rate. Our Dollar Interest Rate Swaps page shows 1-, 5-, 10-, and 30-year rate swap charts, as well as historical rate swap data tables.
(4) Mortgage Rates - Mortgage rates are the rates that banks charge for loans to homeowners with the home used as collateral for the loan. Fixed-rate mortgage rates are fixed over the term of the loan whereas adjustable-rate mortgages (ARMs) vary over the term of the loan.