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-year
Treasury note, which has fallen in recent weeks.The Federal Reserve has
been buying Treasury bonds since the fall. That has helped to lower
the yield. And in recent weeks, concerns that the U.S. and global
economies are slowing have led investors to shift money into safer assets,
like Treasurys, and away from stocks. Greater demand for Treasurys raises
their price and lowers their yield.The yield was 1.72 percent at midday
Thursday, up from 1.69 percent last week but still at a historically
low level.To calculate average mortgage rates, Freddie Mac surveys lenders
across the country on Monday through Wednesday each week. The average doesn't
include extra fees, known as points, which most borrowers must pay to
get the lowest rates. One point equals 1 percent of the loan
amount.The average fee for 30-year mortgages rose to 0.8 point from 0.7
point last week. The fee for 15-year loans was unchanged at 0.7
point.The average rate on a one-year adjustable-rate mortgage fell to 2.58
percent from 2.63 percent last week. The fee for one-year adjustable-rate
loans increased to 0.5 point from 0.4.The average rate on a five-year
adjustable-rate mortgage rose to 2.62 percent from 2.60 percent. The fee
declined to 0.3 point from 0.5.
BISSAU, Guinea-Bissau A military tribunal in Guinea-Bissau has convicted
an army captain of leading a failed coup last year.Pansau Ntchama was
sentenced on Thursday to serve five years in prison after being found
guilty of treason and using illegal weapons.Ntchama was the ex-bodyguard
of Guinea-Bissau's former army chief of staff.Authorities say he led gunmen
who attacked a military base near the airport in Bissau in October
2012. The army fought back and the coup failed.Troubled Guinea-Bissau has
had so many coups and countercoups that no elected leader has been
able to complete his term in the nearly four decades since the
country won its independence from Portugal.The most recent coup occurred
in April 2012, just weeks before the presidential runoff election.
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