(Hot Trends article updated with new information on the mortgage rate reports in Freddie Mac's most recent Primary Mortgage Market Survey results.)NEW YORK ( TheStreet) -- "Mortgage Rates" is a hot search topic today after Freddie Mac ( FRE) released results of its Primary Mortgage Market Survey. The survey revealed that the 30-year fixed-rate mortgage rate is at an all-time low. The rate is down to 4.57% this week from last week's 4.58%. While only posting a marginal 0.1% drop, the 30-year fixed-rate mortgage has steadily declined over over the last 12 months. During the same period last year the 30-year FRM averaged 5.2%. The survey also showed a slight increase in the 15-year fixed mortgage rate, getting up to 4.07% from last week's 4.04%. However, this rate is down from last year when the 15-year mortgage rate was at 4.69%.
Total ( TOT) announced plans to acquire UTS Energy ( UTS) for $1.4 billion. The acquisition will make the French energy company responsible for 20% of the oil sands project in Alberta, Canada. UTS's shares jumped up almost 1.5% today, reaching $48.64 after opening.
San Francisco Mayor Gavin Newsom has proclaimed the summer of 2010 the "Soda Free Summer" and is hoping that San Franciscans will take up his challenge to lead a healthier life by avoiding the sugary drinks. In April, Newsom ordered that sugar sweetened beverages be removed from San Francisco school vending machines. Now that order is being extended to the city streets where, starting today, thirsty residents will find healthier alternatives to soda in vending machines located on city property. "San Francisco has some of the best water in the world. Grab a reusable bottle, and fill it up," said Newsom when announcing the initiative in June. "You're being good to your body, your pocket book and the environment all at once." Investors will have to wait to see if the lack of soda on San Francisco's streets will impact results of soft drink companies like Coca-Cola ( K) and Dr Pepper Snapple ( DPO).
The International Monetary Fund is a popular search topic on the Web following the release of its report on the state of the U.S. economy. The IMF report, released Thursday, found hurdles to achieving a full recovery remain despite gains the U.S. economy has achieved since entering the Great Recession.