July Auto Sales Soar to Pre-Recession Levels

Graph of 10-year Notes

(Best Syndication News) July auto sales jumped to pre-recession levels, according to the big-three automakers. Ford Motor Company (NYSE:F) said that small car sales are up 32 percent year-over-year (y-o-y) while utility vehicles also posted strong gains.

General Motors Company (NYSE:GM) sold 234,071 cars last month, an increase of 23 percent (16 percent y-o-y). Kurt McNeil, vice president, U.S. sales operations, called their sales “well balanced” in the slow recovery. The company’s new products also helped.

Current Mortgage Rates Today – Wells Fargo and Bank of America Make Changes

Graph of 10-year Notes

(Best Syndication News) Mortgage rates edged higher today as lenders continue to adjust their products to the changing secondary lending market (see charts below). stocks were mixed as the Dow Jones Industrial Average (DJIA) moved lower and the S&P 500 and NASDAQ gained ground.

The average 30-year fixed rate mortgage (FRM) jumped 11 basis points (bps) in one day. The average 30-year rate is now 4.264 percent (see the chart below). The most common mortgage product has climbed 60 bps over the last 100 days.

Freddie Mac (FHLMC) has not updated their 30-year required net yield rate (RNY) for over one week, but this secondary lending factor has been steadily increasing as well. Fannie Mae (FNMA) raised their 30-year 60-year RNY rate one basis point on Tuesday.

Mortgage rates were higher today as the benchmarks provide mixed results

Graph of 30-year mortgage

(Best Syndication News) Mortgage interest rates jumped four basis points (bps) on Friday as money flowed back into equities (see the mortgage rate charts below). A set of worse-than-expected economic indicators put pressure on stocks throughout the week.


The Dow Jones Industrial Average (DJIA) advanced 48 points (+0.35%) on Friday but was down 12.02 percent on the week. On Monday the Department of Commerce said that Factory orders increased just 1.8 percent in December. Economists were expecting a three percent increase.

“The Adventures of Captain Underpants” App released for Apple iPad

Captain Underpants - credit: PRNews/Scholastic/Dav Pilkey

(Best Syndication News) - The popular children book series published by Scholastic has now been released as an app for the Apple iPad tablet. “The Adventures of Captain Underpants,” is available exclusively on the Apple App Store. This week, author Dav Pilkey also published his tenth book in the series -- Captain Underpants and the Revolting Revenge of the Radioactive Robo-Boxers.

The popular Captain Underpants book series has been around for over 15 years. Since the first book, which was published in September 1997, over 50 million books in the series have been printed for distribution in North America. The Captain Underpants series feature silly illustrations, which add to the superhero’s antics that saves the day.

Jerry Trainor stars in New Nick at Nite Comedy Series ‘Wendell & Vinnie’

arly's Jerry Trainor Stars in Brand New Nick at Nite Family Comedy Series Wendell & Vinnie Premiering Sunday, Feb. 17, at 8p.m. (ET/PT). (PRNewsFoto/Nickelodeon)

(Best Syndication News) - Actor, Jerry Trainor, who played to role of Spencer Shay in Nick’s “iCarly” TV series, will be producing and starring in a new Nick at Nite TV show called, “Wendell & Vinnie.” The new comedy series will premiere on Nick, February 17, 2013 at 8 p.m. (ET/PT).

The sitcom is about a 30-year old named Vinnie Bassett (played by Trainor) who is a carefree bachelor until his life changes after he becomes legal guardian to his nephew, Wendell (played by Buddy Handleson). Nicole Sullivan (from MadTV) will play the role of Vinnie's older sister, Wilma, who is not so lucky with romance.

Between 2007 and 2012, Trainor acted in the popular kid's show "iCarly," which lasted for six seasons.

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