DAILY Wrap-Up & Commentary on Profiles Picks: (OTC:FMCC), (Pink:NSRGY)
New York, NY -- (ReleaseWire) -- 04/05/2013 --Freddie Mac (OTC:FMCC) released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates dipping for the week amid recent data which indicates the manufacturing industry is slowing. The average 30-year fixed-rate mortgage has seesawed around 3.5 percent for the past two months, providing ongoing help to the housing recovery.
30-year fixed-rate mortgage (FRM) averaged 3.54 percent with an average 0.8 point for the week ending April 4, 2013, down from last week when it averaged 3.57 percent. Last year at this time, the 30-year FRM averaged 3.98 percent.
15-year FRM this week averaged 2.74 percent with an average 0.7 point, down from last week when it averaged 2.76 percent. A year ago at this time, the 15-year FRM averaged 3.21 percent.
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Nestle SA Reg Shs. Ser. B Spons (ADR) (Pink:NSRGY)’s 2013 Annual General Meeting, the 146th, will take place in Lausanne, Switzerland on 11 April 2013.
Letter from the Chairman stated “At our upcoming shareholder meeting, we will have the opportunity to thank Mr André Kudelski, who will retire from our Board after twelve years of highly appreciated services provided to our Company. He also served on the Board’s Audit Committee. At the same time we will propose to you the re-elections of Mr Steven G. Hoch, member of our Nomination Committee; Ms Titia de Lange, member of Nestlé’s Nutrition Council; and Mr Jean-Pierre Roth, member of our Compensation Committee. If elected, they will continue to provide valuable contributions to our Company as members of our Board. Finally, I will be a candidate for re-election.”
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