First Person: I Repaid My Student Loans While Still in College

*Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! Contributor Network to start publishing your own finance articles.The first two years of my college experience was spent at a community college. My tuition was covered, but I took out a loan for $20,000 to cover living expenses. Upon transferring to a costly four-year...

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Home market being held back by wary first-timers

WASHINGTON (AP) — This should be a great time to buy a first home. Prices have sunk to 2002 levels. Sellers are waiting anxiously as homes languish on the market. Mortgage rates are their lowest ever.Yet the most likely first-time homeowners, especially young professionals and couples starting families, won't buy these days. Or they can't. Or they already did, during the housing boom. And their absence...

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U.S. Housing Market Still On Life Support

With each passing year, the former Oracle of the Fed, Alan Greenspan, is reminded that there really was a housing bubble and lowering interest rates to record lows just matters worse.  Nearly four years after the housing market peak in 2007, record low mortgage rates are no match for falling incomes and 9% unemployment.The Case-Shiller Home Price Index, released on Tuesday, showed that nation...

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U.S. Housing Market Still On Life Support; Prices At 2003 Levels

With each passing year, the former Oracle of the Fed, Alan Greenspan, is reminded that there really was a housing bubble and lowering interest rates to record lows just made matters worse.  Nearly four years after the housing market peak in 2007, record low mortgage rates are no match for falling incomes and 9% unemployment.The Case-Shiller Home Price Index, released on Tuesday, showed that...

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Rate on 30-year fixed mortgage falls to 3.98 pct.

WASHINGTON (AP) — The average rate on the 30-year fixed mortgage hovered above its record low for a fourth straight week. But cheap mortgage rates have done little to boost home sales or refinancing.Freddie Mac says the rate on the 30-year fixed loan fell to 3.98 percent from 4 percent the previous week. Seven weeks ago, it dropped to a record low of 3.94 percent, according to the National Bureau...

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Hanukkah festivities begin with candle lighting

JERUSALEM (AP) — Jews around the world ushered in the eight-day Hanukkah festival Saturday evening, lighting the first candles of ceremonial lamps that symbolize triumph over oppression.In Israel, families gathered after sundown for the lighting, eating traditional snacks of potato pancakes and doughnuts and exchanging gifts.Local officials lit candles set up in public places, while families displayed...

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Egypt panel recommends referendum be held on time

CAIRO (AP) — A national dialogue committee said a referendum on a disputed draft constitution will be held on schedule, but President Mohammed Morsi has agreed to rescind the near-absolute power he had granted himself.The statement came after a meeting that was boycotted by the main opposition leaders who are calling for the Dec. 15 vote to be canceled.Morsi had called for the dialogue to try to...

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Syrian rebels get new leadership in bid to unite

BEIRUT (AP) — Rebel commanders from across Syria  have joined forces under a united command they hope will increase coordination between diverse fighting groups and streamline the pathway for arms essential to their struggle against President Bashar Assad.While many of the brigades involved in the fighting are decidedly Islamist in outlook and some have boasted about executing captured soldiers,...

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Egypt's military returns to the political fray

CAIRO (AP) — Egypt's powerful military, sidelined last summer by the newly elected Islamist president, edged back Saturday into a political fray boiling over with tensions between secular forces and a government determined to pass a constitution enshrining a central role for religion.A military statement warning of "disastrous" consequences should the standoff continue was widely interpreted as pushing...

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Yemen: 8 soldiers killed in ambush

SANAA, Yemen (AP) — Eight Yemeni soldiers including a senior officer were killed in an ambush by militants while visiting a main oil pipeline that had been destroyed in an earlier attack, the defense ministry said.In a statement, the ministry called the Saturday attack in Marib province a "terrorist ambush," confirming that the chief-of-staff for Yemen's central military region was killed.Security...

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