FYI: Business
BY Staff and Wire reports
Friday, January 25, 2013
1/25/13 at 2:44 AM
Rose Rock Midstream increases payout
Rose Rock Midstream LP's board of directors voted to increase the quarterly cash distribution to 40.25 cents per unit, the Tulsa-based terminal and transport partnership announced Thursday.
The payout is 11 percent higher than the 36.25 cents per unit made for 2011's fourth quarter. The latest distribution will be paid Feb. 14 to unitholders of record Feb. 4.
Rose Rock Midstream owns and operates crude oil gathering, transportation, storage and marketing assets mostly connected or near the Cushing oil hub. Tulsa-based SemGroup Corp. owns a controlling stake and general partner interest in Rose Rock.
Average mortgage rate rises to 3.42 percent
Average U.S. rates on fixed mortgages rose this week but remained near record lows, keeping home buying more affordable.
Mortgage buyer Freddie Mac says the average rate on the 30-year fixed loan increased to 3.42 percent from 3.38 percent last week. That's still near the 3.31 percent rate reached in November, the lowest in records dating to 1971.
The average on the 15-year fixed mortgage increased to 2.71 percent from 2.66 percent last week.
The rate on the 30-year fixed mortgage averaged 3.66 percent in 2012, the lowest annual average in 65 years.
