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May 25th, 2012
08:03 AM ET

MYB: Mortgage rates at record lows

In today’s Minding Your Business segment, Christine Romans has very good news: the housing market may finally be healing.

Interest rates on 30-year fixed-rate mortgages are down to 3.78 percent, almost a full point below where it was just a year ago. Romans explains that this is a significant difference, with the potential to save tens of thousands of dollars in lower interest payments over the lifetime of a loan.

The spring selling season is also finally showing a pulse, with home sales up 10 percent.

Romans' "one thing you need to know" about your money today? Morgan Stanley is reviewing every single trade that was made on Facebook's IPO. So if you paid too much because of the NASDAQ’s technical problems, you may be getting some money back.

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