Stocks pared losses, with the Dow briefly moving into positive territory Tuesday after the Federal Reserve took a cautious stance about the recovery. All three major stock indexes regained ground. After falling as much as 147 points earlier in the session, the Dow Jones industrial average was off 41 points, or 0.4%, with about 30 minutes left.
Most Popular Articles
This week, the average U.S. fixed rate for a 30-year mortgage jumped to 3.69%. That’s still more than a percentage point lower than the 4.85% of the year-earlier week.
Embrace Home Loans, a Rhode Island-based mortgage lender, announced this week that longtime employee Ryan “Buddy” Hardiman is being promoted to senior vice president of retail and direct sales.