Mid-day Update

PODCAST: Obama heads to Michigan to talk jobs, Fixed mortgage rates fall

Daryl Paranada Aug 11, 2011

Here are today’s top headlines from the Marketplace Morning Report and from around the web.

British Treasury chief George Osborne today says we’re in the most dangerous time for global economy since 2008.

Gold prices continue to rise. They’re up around $1,790 an ounce.

The government just reported the number of people filing for first-time jobless claims last week fell to a four-month low. Below 400,000.

Fixed mortgage rates fell to at or near record lows. That’s good news for the few who can afford to buy a home or are able to refinance.

President Obama heads to Michigan today to talk about what can be done to create jobs. He’ll visit a plant in Holland, Mich., that’s adding 150 jobs with the help of some energy grants.

RealtyTrac said today the number of foreclosures in July fell to a 44-month low. Foreclosures have been a drag on the housing market for years.

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