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Business briefs: U.S. rate on 30-year mortgage edges up

National business briefs
Published: March 29, 2013

In brief

Farm Rich items at risk

— Rich Products Corp. announced a voluntary recall Thursday of its Farm Rich Mini Quesadillas and other products due to possible E. coli bacteria contamination. The recall also includes Farm Rich Mini Pizza Slices, Farm Rich Philly Cheese Steaks, Farm Rich Mozzarella Bites and Market Day Mozzarella Bites. The foods were sold in retail stores nationwide. The company says it's working with the U.S. Department of Agriculture's Food Safety Inspection Service to identify the contamination source. Health officials say symptoms of E. coli infection can occur up to 10 days after exposure and include diarrhea, abdominal cramps, nausea and vomiting. Consumers can call (888) 220-5955 or go to

Mortgage rates rise

— Average U.S. rates on fixed mortgages edged up this week but stayed near historic lows. Mortgage buyer Freddie Mac said Thursday the average rate for 30-year fixed loans rose to 3.57 percent from 3.54 percent last week. That's near November's 3.31 percent rate, the lowest on records dating to 1971. The average on a 15-year fixed mortgage rose to 2.76 percent from 2.72 last week. The average on 1-year adjustable-rate mortgages slipped to 2.62 percent from 2.63. The 5-year adjustable-rate mortgage rose to 2.68 percent from 2.61 percent.

Associated Press


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