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<p style="font-size:xx-small;">WASHINGTON The average U.S. rate on the 30-year mortgage fell closer
this week to its historic low and the 15-year rate marked a
record low. Low rates are increasing the affordability of buying homes and
refinancing.Mortgage buyer Freddie Mac said Thursday the average rate for
the 30-year fixed loan slipped to 3.40 percent from 3.41 percent last
week. That's near the 3.31 percent rate reached in November, which was
the lowest on records dating back to 1971.The average rate on the
15-year fixed mortgage fell to 2.61 percent from 2.64 percent last week.
That's below the previous record low of 2.63 percent in November, the
lowest since the 1990s.Low mortgage rates are helping drive a housing recovery
that began last year. Home prices are rising. Sales of new and
previously occupied homes are up this year. Builders broke ground on homes
in March at the fastest annual pace in nearly five years.Sales of
new homes rebounded last month to a seasonally adjusted annual rate of
417,000, the government reported Tuesday. The increase added to evidence
of a sustained housing recovery at the start of the spring buying
season.New-home sales are still below the 700,000 pace considered healthy
by most economists. But the pace has increased 18.5 percent from a
year ago. Most economists see more gains ahead, as housing is likely
to remain a consistent driver of economic growth this year.Mortgage rates
are low because they tend to track the yield on the 10
FILE - This March 8, 2013 photo provided by the French Army
Communications Audiovisual Office (ECPAD) shows French soldiers patrolling
the Mettatai region in northern Mali. The Security Council unanimously approved
a new U.N. peacekeeping force for Mali on Thursday, April 25, 2013
to help restore democracy and stabilize the northern half of the country
which was controlled by Islamist jihadists until a France-led military operation
ousted them three months ago. (AP Photo/ECPAD, Arnaud Roine)The Associated
PressPARIS France's defense minister is in Mali to prepare the post-war
period after most French soldiers leave, to be replaced by African troops
and U.N. peacekeepers.A Defense Ministry statement says Jean-Yves Le Drian
arrived in the Malian capital of Bamako on Thursday and plans visits
with political figures and French troops who intervened on Jan. 11 and
have knocked out fortified bases of radical jihadists in the north.About
200 tons of munitions and arms have been seized and "the capacities
of these groups have been considerably reduced," according to the statement.Le
Drian's visit comes as the U.N. Security Council approved a peacekeeping
force for Mali, which will hold presidential elections in July.At year's
end, 1,000 French troops will still be in Mali, compared to around
4,000 now.
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