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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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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Reds land Korean Choo in trade with Indians, D-Backs

(Reuters) - The Cincinnati Reds acquired South Korean outfielder Choo Shin-soo from the Cleveland Indians on Tuesday in a three-team trade that involved nine players.The 30-year-old Choo, entering the final year of his contract, declined to sign an extension with the Indians and will now give the Reds a potential lead-off hitter who batted .283 with 16 home runs last season."He fills the one big...

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Former Yankees manager Joe Torre wants focus on child abuse

WASHINGTON (Reuters) - A government commission co-led by former New York Yankees manager Joe Torre said on Wednesday that the U.S. federal and local governments are not doing enough to identify and treat child victims of abuse and violence.At a meeting with representatives from major federal departments, the commission of academics, law enforcement officials and others, issued 56 recommendations...

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Korean closer Lim heading to Chicago Cubs

(Reuters) - South Korean closer Lim Chang-yong is set to sign a deal with Major League Baseball's Chicago Cubs, though the sidearm pitcher is unlikely to be able to take the mound again until late next season.The 36-year-old righthander, who had elbow surgery earlier this year, told reporters at Incheon Airport on Thursday he had long dreamed of signing for a major league team.Lim tallied 296 saves...

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Rate on 30-year mortgage drops to record 3.89 pct.

 Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates.Freddie Mac said Thursday the average rate on the 30-year fixed mortgage fell to 3.89 percent. That's below the previous record of 3.91 percent reached three weeks ago.Records for mortgage rates date back...

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First Person: What My College Degree Means to Me

*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.My college degree helped me pursue a successful 30-year career in advertising and public relations. However, it only happened after I realized I had not made the right decision in choosing my college...

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A lesson in pop culture via Guantanamo

SAN JUAN, Puerto Rico (AP) — An Afghan man who is being held with the most significant terrorism suspects in U.S. custody has apparently gained extensive knowledge of western pop culture in an unlikely place: the top secret prison-within-a-prison in Guantanamo Bay.Nearly five years ago, Mohammed Rahim al-Afghani became the last prisoner sent to Guantanamo. He was accused of helping Osama bin Laden...

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Chavez suffers new complications in cancer fight

CARACAS, Venezuela (AP) — President Hugo Chavez's new complications after cancer surgery prompted his closest allies to call for Venezuelans to pray for him on Monday, presenting an increasingly bleak outlook and prompting growing speculation about whether the ailing leader has much longer to live.Vice President Nicolas Maduro looked weary and spoke with a solemn expression as he announced in a televised...

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Venezuelans offer prayers, songs for Hugo Chavez

CARACAS, Venezuela (AP) — Venezuelans gathered on plazas and in churches to pray for President Hugo Chavez amid what seems an increasingly gloomy outlook for the ailing leader in his fight against cancer.Following an announcement that Chavez had suffered "new complications" from a respiratory infection after undergoing cancer surgery in Cuba, people were out in the streets of Caracas on Monday talking...

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