Mortgage rates sink to lowest level on record

WASHINGTON — Mortgage rates fell this week to the lowest level on record, giving consumers added incentive to lock in low payments on home purchases and refinancings. Mortgage company Freddie Mac said Thursday that the average rate for 30-year fixed loans sank to 4.69 percent, from 4.75 percent last week.

New iPhone selling briskly as thousands line up

WASHINGTON — Apple Inc.’s newest iPhone was selling briskly Thursday as thousands lined up outside stores around the world to become among the first to own the device amid concerns of supply shortages. The iPhone 4’s launch began in Japan and sold out by early afternoon at the flagship store of Softbank, Apple’s exclusive wireless carrier there. The launch moved across France, Germany and the U.K. before going on sale at 7 a.m. in each time zone.

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