Page 45 - Record Lows News Today : Breaking News, Live Updates & Top Stories | Vimarsana

good morning, christine. it's mont, october 17th. ali is off, carol is on assignment, and i'm alina cho. this car crash, our hearts go out to the family of dan wheldon. we'll speak to say the a lot of about this. >> heart broken fans and drivers this morning. the tragedy on the track. indycar champion dan wheldon died in one of the worst crashes the sport has ever seen yesterday in las vegas. indycar going into the off-season how fragile life can be and how dangerous their sport is. some of the images of the crash you'll see may be disturbing. >> reporter: the last race of the year, ...

the most pressing issue there is greece. >> reporter: yeah. that's right, ali. what i should also mention, though is that the markets have certainly learned over the last two years this euro in crisis has gone from bad to worse. what they wish for and, then, again, what politicians deliver. what they would ultimately like to see, these leaders agreen on a bold action on a statement promising bold action like raising the euro's bailout fund to cope with countries like greece that they're still having trouble paying bills and might also like a discussion about moo mooch mutualizing. ge...

Circumstances can you tax our best friends, corporate america and the richest 0.1%. they're making so much money, they bring some of that to the republican party. oh, did i say that out loud? that's what the real plan is. joining me is the editor and publisher of "the nation." katrina, how are we going to turn this around? for 30 years they have been pounding this message, you know. it's not we don't have a revenue problem, we have a spending problem, taxes are too high. historically they're at near record lows. >> near record lows. >> so how do we get that message across? >> first of all, i t...

Of sales of previously owned homes dropped to lowest level in 15 years. new home sales fell to a record low. looking forward, some analysts say they expect a slow climb out of this housing hole, jon. >> all of this is good news for those in the market to buy because property damage rates hit mother report low. >> mortgage rates continue to break record lows. average interest rate for 30 year fixed loan fell to 4.36%. the lowest since mortgage giant freddie mac started tracking these numbers about 30 years ago. that and lower housing prices mean good news for home buyers if they can get a loan....

Last month, the biggest drop in years. all of this comes as mortgage rates continue to reach record lows. today, less than 4.5% for a 30-year fixed loan. compare that to august of 1981, when that same mortgage came with an interest rate of more than 17%. the rates may be historically low but the hurdles are high. >> for conventional mortgages, it's only the best of the best. it's the cream of the crop. people with outstanding credit scores, very, very high-paying, stable jobs. >> reporter: he says having high credit card debt or any interruption in income, even a maternity leave, could make it...