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Current Mortgage Rates Today – HSBC and KeyBank among banks lowering loan rates

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Chart VA mortgage rates

(Best Syndication News) A drop in secondary yields pushed mortgage rates lower today after weak manufacturing numbers were released by the Federal Reserve (see the mortgage rate charts below). Nearly all of the major banks, including JPMorgan Chase, KeyBank, HSBC, and Bank of America, lowered their mortgage loan rates.

Benchmarks

Stock markets in the United States opened lower Tuesday after disappointing economic news put pressure on the major indexes. There was a pull-back on stock prices early in the morning but by the closing bell there was a reprieve.

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Ford unveils Atlas Concept Pickup Truck at Detroit Auto Show

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Ford Atlas Concept Pickup Truck - Credit: Ford Motor Company

(Best Syndication News) - Ford Motor Company (NYSE:F) showed off the Ford Atlas Concept pickup truck today at the Detroit Auto Show.

The Ford Atlas Concept came about after their designers listened to customers. The broad stance, elevated wheel arches, and outstanding grille add to the image of the company’s Built Ford Tough motto. The design features address the professional and personal use of the pickup truck.

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Consuming Less Added Sugar reduces Body Weight Slightly

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credit: National Cancer Institute Renee Comet (Photographer) - PD

(Best Syndication News) - Reducing sugar intake may slightly lower body weight, according to a new study,. The researchers found sugar intake reductions helped reduce body weight by an average of 1.76 pounds. The study results were published online at bmj.com.

Previous research suggested that an excessive intake of sugar is related to obesity. One common finding: people who drank sugar-sweetened beverages were at an increased risk for becoming obese. However, the authors noted that some studies could not establish a significant link between sugared beverages and obesity.

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Bugaboo Stroller recall announced for Carry Handle Replacement

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Bugaboo Cameleon and Bugaboo Donkey Model Strollers - credit: CPSC

(Best Syndication News) - Bugaboo Cameleon and Bugaboo Donkey Model Strollers are being recalled because the carrying handle could fail. The U.S. Consumer Product Safety Commission and Health Canada have announced the voluntary recall of around 46,300 strollers in the U.S. and 4,440 in Canada.

The importer, Bugaboo Americas, announced the recall after receiving 58 reports that the carrying handle detaching unexpectedly. No injuries were reported to the company.

A button in the handle could break loose posing a choking hazard and the handle could detach unexpectedly causing the child to fall. Replacing the carrying handle is expected to prevent potential choking hazards and fall dangers. Bugaboo International B.V., located in Amsterdam, The Netherlands, is the manufacturer of the Bugaboo strollers.

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Current Mortgage Rates Today – Wells Fargo and Bank of America Lower Rates

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Graph of FHA mortgage Rates

(Best Syndication News) Mortgage interest rates fell sharply following a trend in the secondary and capital markets (see the mortgage rate charts below). JPMorgan Chase and KeyBank raised some of their rates; however, Wells Fargo and Bank of America lowered them.

Benchmarks

Stocks were mixed but mostly lower today as investors fretted over the debt ceiling and a possible renegotiation on spending cuts next month. President Barack Obama told Congress that he will not negotiate on the debt ceiling and his Treasury Secretary, Timothy Geithner, said the government will likely run out of money in mid February.

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