MORT­GAGE RATES JUMP TO HIGH­EST SINCE 2011

The Denver Post - - BUSINESS -

U.S. mort­gage rates jumped this week to the high­est level in al­most eight years, a trend that is pulling down home sales and slow­ing home price growth.

Mort­gage buyer Fred­die Mac an­nounced Thurs­day that the av­er­age rate on a 30-year, fixed rate mort­gage rose to 4.94 per­cent, up from 4.83 per­cent last week.

That is the high­est level since Fe­bru­ary 2011. A year ago, the rate was 3.9 per­cent.

Mon­ster shares fall as Coke de­vel­ops its own en­ergy drinks.

CORON A,

» Shares of en­ergy . drink maker Mon­ster Bev­er­age Corp. tum­bled af­ter the com­pany said its part­ner, Co­caCola Co., is de­vel­op­ing en­ergy drinks of its own.

Coke bought a stake in Cal­i­for­nia-based Mon­ster in 2014. At that time, Coke trans­ferred its en­ergy brands to Mon­ster and agreed not to de­velop com­pet­ing drinks.

Subaru re­calls 640K ve­hi­cles glob­ally for stalling prob­lems.

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