Marketplace for Thursday, May 8, 2008
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Mortgage rates in some markets came down today, with banks offering certain jumbo loans at a little above 6% -- a lot cheaper than last week. Banks are loosening up on lending again because Fannie Mae and Freddie Mac have a new strategy. Jill Barshay reports.
While it seems the price of everything is rising, electronics -- computers in particular -- are getting more powerful and cheaper at the same time. But Lisa Napoli reports that's about to end.
In World War II, scores of cultural landmarks in Germany were destroyed, including former royal palaces. Some were rebuilt quickly, while others are only now being revived as Germans look to connect with their past. Brett Neely reports.
Commentator and investment strategist Andy Rothman says economic development pushed by Beijing will be great for Chinese workers and the environment, but now all of us will have to pay part of the cost.
Tax-rebate checks go out Friday as part of the $150 billion economic stimulus effort. And retailers are eager for a cut of your cash. We went looking for some of the more unusual ways people are planning to spend their rebates. Kai Ryssdal reports.