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Latest Business News: US Rate on 30-year Mortgage Declines to 4.37 Pct

Wochit 0:43 mins

Average rates on U.S. fixed mortgages declined this week as concern waned in the financial markets over the Federal Reserve's possible slowing of its bond purchases this year. Grocery store chain Safeway Inc. says its profit fell in the second quarter, partly on a tax charge related to a deal to sell its Canadian operations. Dell has delayed Thursday's vote on founder Michael Dell's plan to take the slumping computer maker private in a sign the board needs more time to rally support.

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