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US economy grew at weak 0.1 percent annual rate in fourth quarter but rebound expected in 2013

The U.S. economy grew at a 0.1 percent annual rate from October through December, the weakest performance in nearly two years.

The Commerce Department's revision to fourth-quarter growth was only slightly better than its initial estimate that the economy shrank at a rate of 0.1 percent.

The upward revision reflected strength in exports and business investment. Analysts believe growth is rebounding in the current quarter despite higher taxes and government spending cuts set to start on Friday. A steady rebound in housing and solid business and consumer spending is expected to push growth higher in the current quarter.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.01% dw 4.03%  
15 Y Fixed Graph 3.12% up 2.97%  
30 Y Fixed Jumbo Graph 4.22% up 4.13%  
5/1 ARM Graph 3.11% up 2.99%  
5/1 Jumbo ARM Graph 3.52% up 3.48%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.67% up 4.32%  
$50K HELOC Graph 4.04% up 3.99%  
$30K Loan Graph 5.00% up 4.99%  
$50K Loan Graph 4.36% -- 4.36%  
$75K Loan Graph 4.36% -- 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.69% dw 2.83%  
36 M Used Graph 3.18% dw 3.36%  
48 M New Graph 3.02% dw 3.15%  
48 M Used Graph 2.91% dw 3.00%  
60 M New Graph 3.06% dw 3.16%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.39% up 0.38%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.50% dw 1.51%