The Group of 20 rich and emerging nations later this week will warn against complacently assuming a sustainable global economic recovery, while admitting sickly public finances could hurt long-term growth, a draft G20 document shows. The European Union will push for taxes on banks and financial transactions, a proposal likely to draw opposition from Canada and other countries who say their banks weathered the financial crisis well and should not be penalized.
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The average U.S. rate for a 30-year fixed mortgage fell to 3.33% this week, according to Freddie Mac, as the Federal Reserve’s bond-buying program created demand for securities backed by home loans.
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