LONG-TERM MORTGAGE RATES DROP

WASHINGTON» U.S. longterm mortgage rates fell this week to their lowest level in three months, deepening the incentive for prospective homebuyers, although they face eroded affordability as prices continue to climb.

Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year, fixed-rate mortgage declined to 3.60% from 3.65% last week. The benchmark rate stood at 4.45% a year ago.

The average rate on a 15-year mortgage fell to 3.04% from 3.09%.

Net income of $465 million for V.F. Corp.

GE» GREEN W OOD VILL A

V.F. Corp. on Thursday reported fiscal thirdquarter net income of $465 million.

On a per-share basis, the Greenwood Village-based company said it had net income of $1.16. Earnings, adjusted for one-time gains and costs, were $1.23 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

National Bank Holdings Corp. reports net income of $19.5M.

GE» GREEN W OOD VILL A National Bank Holdings Corp. on Thursday reported fourth-quarter net income of $19.5 million.

The bank, based in Greenwood Village, said it had earnings of 62 cents per share.

The holding company for NBH Bank posted revenue of $79.9 million in the period. Its revenue net of interest expense was $70.7 million, exceeding Wall Street forecasts.

Union Pacific delivery volume, profit slip. OMAHA» Union Pacific’s fourth-quarter profit fell 10% as the railroad company hauled 11% less freight, but the recent U.S.China trade deal is helping boost the outlook for the year.

The railroad said Thursday it earned $1.4 billion, or $2.02 per share, in the quarter. That’s down from $1.55 billion, or $2.12 per share, a year earlier.

The results fell short of Wall Street expectations. The analysts surveyed by Zacks Investment Research expected earnings of $2.03 per share on average.