Investing

S&P takes rating action in two landmark mortgage securities deals

Standard & Poor's Ratings Services today took various credit rating actions in Landmark Mortgage Securities No.1 PLC and in Landmark Mortgage Securities No. 2 PLC.

Low fixed mortgage rates continue

Average fixed mortgage rates fell to an all-time new record low for the sixth consecutive week amid weak economic and job data, according to Freddie Mac’s Primary Mortgage Market Survey.

Household net worth jumps $2.8 trillion

Household debt fell at a 0.4 percent annual rate in the first quarter of 2012 and household wealth increased by $2.8 trillion, the Federal Reserve said on Thursday.