Mortgage rates increase again
Average U.S. rates on fixed mortgages have risen for a fourth straight week, remaining slightly above record lows.
Cheap mortgages have helped fuel a modest housing recovery this year.
Mortgage buyer Freddie Mac says the rate on the 30-year loan increased to 3.66 percent, up from 3.62 percent last week.
Four weeks ago, the rate fell to 3.49 percent, the lowest since long-term mortgages began in the 1950s.
The average on the 15-year fixed mortgage, a popular refinancing option, edged up to 2.89 percent.
That’s up from 2.88 percent last week and from the record low of 2.8 percent four weeks ago.
Kodak to sell imaging units
Kodak says it will sell its document imaging and personalized imaging businesses to better focus on printing and business services as it works to emerge from Chapter 11 bankruptcy protection.
Eastman Kodak Co. said Thursday that the sale of the units, along with cost-cutting measures and the auction of its patent portfolio, will help it emerge from bankruptcy sometime in 2013.
Kodak’s document imaging division makes scanners and offers related software and services. The personalized imaging business includes photo paper and still camera film products.
It also offers souvenir photo products at theme parks and other venues.