
Thursday, Nov 29, 2012 4:00 PM UTC
News Summary: US 30-year loan rate near record low
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Topics: From the Wires, News
RATES NEAR RECORD LOWS: Average U.S. rates on fixed mortgages stayed close to record lows this week, a trend that is boosting home sales.
THE NUMBERS: Mortgage buyer Freddie Mac says the average 30-year loan rate ticked up to 3.32 percent. That’s close to last week’s rate of 3.31 percent, the lowest on records dating to 1971. The average on the 15-year fixed mortgage edged up to 2.64 percent from 2.63 percent, also a record.
HOUSING RECOVERY: Lower mortgage rates have helped lift home sales and construction, providing a much-needed boost to the economy.
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Gripping photos: The people of the Turkey protests (slideshow)
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The protests take on a festive element as police forces move out of the park and square. Wearing a gas mask, this young man dances to traditional Turkish music in front of Taksim Square’s Ataturk Monument.
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In Gezi Park since March 31st, this protester, originally caught off-guard by the Government’s teargas and water cannons, went out and bought a Russian army mask from WWII, preparing for what was to come.
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This rambunctious boy seems to be enjoying the chaos. After taking this picture he threw a stone at the already destroyed building in the background.
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Forming a line, the police face off directly with protesters in Taksim Square. After a while, they retreated and there was a general cheer – a back-and-forth dance that has been common since the beginning of this protest.
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An elderly woman in Gezi Park reads the news. The tent community occupying the park was violently destroyed on June 16th.
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Many different groups had set up booths to promote their cause in Taksim Square and Gezi Park. Standing in front of one, this man waves his flag while posing with conviction.
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Many home-remedies are used to minimize the effects of tear gas. This woman has put a milky solution on her face, removing her mask after the tear gas dissipated. Before sunrise, the police came again for another round of teargasing.
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People capitalize on the uprising -- selling flags, beer, gas masks, sky lanterns and spray paint to name just a few of the popular items.
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On Monday morning, June 11, the police execute a strong offensive. Many plain-clothed police officers, like the ones seen here, clash with protesters in the side streets away from the main stand-off in Taksim.
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The authorities seem to be most aggressive in the night, pushing protesters away from the square and park. After being teargassed this young woman catches her breath with other protesters on Siraselviler Street.
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