| Rates for February 22, 2012 | |||
|---|---|---|---|
| 30 year fixed | 3.750% | 3.799% | -- |
| 15 year fixed | 3.125% | 3.178% |
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| 5/1 ARM | 2.750% | 2.790% | -- |
| 30 Year Jumbo | 4.750% | 4.790% | -- |
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Business and financial news - CNNMoney.comFrom CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
 OBAMA: SLASH TAX BREAKSAfter more than a year in the making, the Obama administration on Wednesday released its plan to overhaul the corporate tax code. |
| Stocks drift lower as market takes a breather U.S. stocks drifted lower Wednesday amid doubts over the latest bailout for Greece and concerns about global economic growth. |
| Mitt Romney's plan to cut your taxes In a switch to a more aggressive tax plan, Mitt Romney said Wednesday that he now favors cutting marginal tax rates for individuals by 20%. |
| Home prices at lowest point in more than 10 years Home prices fell to their lowest point in more than a decade in January, but that helped to lift the pace of home sales, according to a report from an industry trade group. |
| Bank overdraft fees in crosshairs The new consumer bureau said Wednesday that it plans to target a kind of bank fee that makes customers see red: Overdraft protection penalty fees on checking accounts. |
| Madoff trustee loses bid to reclaim money In another blow to the trustee in the Bernard Madoff case, a federal judge threw out a $20 billion lawsuit attempting to recover more of the stolen funds. |
| Chris Christie to Warren Buffett: Just 'shut up' Outspoken New Jersey Gov. Chris Christie had some rather harsh words for billionaire investor Warren Buffett on Tuesday. |
| Honda recalls 46,000 Odyssey minivans Honda is recalling 46,000 Odyssey minivans because their power tailgates, when open, can drop unexpectedly, potentially injuring anyone standing underneath. |
| Economy in recovery? Not so fast Employers are hiring, manufacturing is revving up and stocks are rallying. It looks like the recovery could finally be taking hold. The economic recovery feels a lot like early 2011, when many of the same green shoots were driving optimism. But that didn't last long. |
| More Americans plan on saving tax refund Americans are going to be a lot more tightfisted with their tax refunds this year, with more people planning to save the cash they get back from Uncle Sam instead of spending it. |
| Greece deal pits investors against the government The Greek bailout could keep investors from making additional sovereign debt purchases, further exacerbating the crisis. |
| Opening a savings account for your child |
| Hillary Clinton to Big Business: Cough it up! The Secretary of State wants American companies to focus their efforts -- and their cash piles -- on spurring job growth by investing at home and abroad. |
| Fannie, Freddie legal tab: $110M plus A watchdog agency said Wednesday that the legal tab for former leaders of mortgage finance giants Fannie Mae and Freddie Mac is at least $110 million. |
| 7 money moves for a tough economy It's been more than four years since the financial crisis first knocked you back on your heels. You've probably been on the defensive ever since, doing your best to deflect whatever punches the economy has thrown your way. Of course, the trick to any good rope-a-dope strategy is to sit back and let your opponent tire out before you unleash your own flurry of blows. |
| Greece gets a reprieve, but crisis not over Once again, Greece appears to have been snatched back from the brink of default with the promise of more bailout money. |
| 3 small companies take on the big boys |
| Falling victim to your job's low expectations If you aspire to become a great manager, simply striving to meet your company's actual (versus espoused) standards probably won't get you there. |
| China manufacturing rises to 4-month high Chinese manufacturing continues to grow at a slow pace, edging up to a 4-month high in February, according to a preliminary report issued Wednesday. |
| Who owns iPad trademark in China? The world's most valuable company and a troubled Chinese electronics manufacturer that's about to be delisted from the Hong Kong stock exchange unless it can come up with some cash squared off in a Shanghai courtroom Wednesday. |
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