Average US rate on 30-year mortgage drops to 3.75 percent

This Jan. 8, 2015 photo shows a sign advertising lots for new homes for sale in Richmond, Va. Freddie Mac, the mortgage company, releases weekly mortgage rates on Thursday, March 5, 2015. (AP Photo/Steve Helber)

WASHINGTON (AP) — Average long-term mortgage rates have fallen for the first time in four weeks and remain near historic lows reached in May 2013.

Europe stocks gain, Asia mixed as data, China target awaited

People walk past the stock prices displayed on an electronic board of a securities firm in Tokyo, Wednesday, March 4, 2015. Asian stock markets were mostly lower Wednesday after Wall Street declined and investors looked ahead to U.S. economic data and China's announcement of its annual growth target. (AP Photo/Shuji Kajiyama)

BEIJING (AP) — European stocks gained while Asian markets faltered Wednesday as investors looked ahead to U.S. economic data and China’s announcement of its annual growth target.

AP survey: Why the outlook for global economy has brightened

FILE - In this Dec. 24, 2014 file photo, shoppers are reflected in a store's window as they walk through Chicago's Loop. U.S. consumer spending is expected to boost growth in 2015 in the United States and overseas. (AP Photo/Charles Rex Arbogast, File)

WASHINGTON (AP) — From the United States to Asia to Europe, a global economy that many had feared was faltering appears poised for a resurgence on the strength of cheap oil and falling interest rates.

US auto sales up in February despite snowy weather

In this Dec. 2, 2014 photo, a Chrysler minivan sits under rain at a car lot in San Diego. Major automakers report vehicle sales for February on Tuesday, March 3, 2015. (AP Photo/Gregory Bull)

DETROIT (AP) — Freezing temperatures and drifts of snow likely took a small bite out of U.S. auto sales in February, but most automakers still reported gains thanks to the strong economy.

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