Mortgage rates dip, still high

August 21, 2008

U.S. mortgage rates fell last week, but rates remain high as lenders price in higher premiums for potential delinquencies and defaults Heinz results showed global consumer appetite for ketchup undaunted by higher prices. GameStop profits surged last quarter as gamers kept spending. Oil prices rallied sharply on Thursday as U.S.-Russia tensions escalated. Conway Gittens reports from New York.