The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.
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30-year-mortgage rate increases to 3.59%

WASHINGTON (MarketWatch)
The 30-year fixed-rate mortgage average rose to 3.59% in the week ending Aug. 9 from 3.55% in the prior week, Freddie Mac said Thursday in its weekly report
The rate was 4.32% a year earlier, according to Freddie, a buyer of residential mortgages "Fixed mortgage rates inched up again this week following stronger-than-expected employment reports," said Frank Nothaft, chief economist
Meanwhile, the 15-year fixed-rate mortgage ticked up to 2.84% from 2.83% in the prior week
The average rate on the 5-year Treasury-indexed hybrid adjustable-rate mortgage increased to 2.77% from 2.75%
The 1-year Treasury-indexed ARM declined to 2.65% from 2.70%.                   

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