ASIA CREDIT CLOSE: Credits steady in muted markets on US holiday
SINGAPORE, Feb 20 (IFR) - Asian credits were broadly unchanged in muted markets with a positive undertone as a result of firmer regional equities.
NEW YORK Dec 8 The average interest rate on U.S. 30-year fixed-rate mortgages rose to its highest levels in more than two years even as benchmark Treasury yields retreated from near 1-1/2 year peaks, mortgage finance agency Freddie Mac said on Thursday.
The borrowing cost on 30-year mortgages, the most widely held type of U.S. home loan, averaged 4.13 percent in the week ended Dec. 8, which was the highest since 4.19 percent in the week of Oct. 2, 2014. Last week, the 30-year mortgage rates averaged 4.08 percent, it said. (Reporting by Richard Leong)
* New venture will focus on stock portfolio, investment management and outsourcing activities
* Increases share capital by 58 million euros ($61.61 million)