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October 15, 2012

Home Briefs: Oct. 15, 2012

Cooperative sets dinner, annual meeting

PLATTSBURGH — The Cornell Cooperative Extension is hosting a dinner featuring local foods at 6 p.m. Thursday, Nov. 1, at SUNY Plattsburgh as part of their annual meeting.

The meal will be planned, prepared and served by students in the Culinary Arts Program and will feature locally grown food. The annual meeting is free and open to the public, and begins at 7:15 p.m.

The cost is $22, and registration and payment are due at the Cornell Cooperative Extension office by Wednesday, Oct. 24.

Key volunteers including master gardener and 4-H leaders and out-going board members will be thanked and new board members elected.

This year’s Friends of Extension, professors Colleen Lemza and Jonathan Slater, will be recognized, and their students will make a special presentation on the social-marketing project they have been working on for Cornell Cooperative Extension.

For more information about the dinner and annual meeting, visit http://blogs.cornell.edu/cceclintoncounty or call the office at 561-7450.

US mortgage rate rises slightly

WASHINGTON (AP) — Average U.S. rates on fixed mortgages ticked up from record lows last week. Cheaper mortgages are fueling a modest housing recovery that could help the broader economy.

Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan increased to 3.39 percent from 3.36 percent. The previous week’s rate was the lowest since long-term mortgages began in the 1950s.

The average on the 15-year fixed mortgage edged up to 2.70 percent, from last week’s record low of 2.69 percent.

The average rate on the 30-year fixed mortgage has been below 4 percent all year. And rates have fallen even further since the Federal Reserve started buying mortgage bonds in September to encourage more borrowing and spending.

The Fed said it will continue buying bonds until the job market shows substantial improvement. When home prices rise, people tend to feel wealthier and spend more freely. Consumer spending drives nearly 70 percent of economic activity.

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