Land of the Lost

Jun 5 - In this silly remake, Will Ferrell plays a scientist who is sucked into a space-time vortex along with two others. They meet all sorts of fantastical creatures in their struggle to make it back to their dimension.

The Hangover

Jun 5 - After awakening from their bachelor party drunken stupor in Vegas, the three groomsmen must try to find the groom they lost during their drinking escapades.

The Taking of Pelham 1 2 3

Jun 12 - Denzel Washington and John Travolta star in this action thriller about a hostage situation on a New York City subway train.

Imagine That

Jun 12 - Eddie Murphy plays an executive whose career woes are aided by stepping into his daughter's imaginary world.

Year One

Jun 19 - Jack Black and Michael Cera explore their ancient world after being kicked out of their cave man village.

The Proposal

Jun 19 - Sandra Bullock plays an executive who convinces her assistant to marry her in order to keep her from being deported to Canada, even though he despises her.

Transformers: Revenge of the Fallen

Jun 26 - The original cast returns for this sequel about the decepticon robots returning for revenge. Optimus Prime joins the good guys to fight the battle.

Mortgage Rate News & Analysis

U.S. mortgage interest rates made very little movement in May as mixed economic reports kept them from jumping up or down.

May 7

During the first week of the month, long-term 30-year fixed rate mortgages (FRMs) rates rose to 4.84 percent, excluding points, from 4.78 percent the previous week.

"Mortgage rates rose slightly this week amid positive economic news that the economy may be approaching the bottom of the recession," said Frank Nothaft, Freddie Mac vice president and chief economist. "In terms of the household sector, the final April estimate of consumer sentiment...was revised above the market consensus...In addition, the positive news was corroborated by Fed Chairman Bernanke when he stated that he expects economic activity to bottom out, then to turn up later this year. He also noted that the housing market is beginning to stabilize."

The average rate on 15-year FRM loans increased to 4.51 percent from 4.48 percent the week before, while rates on one-year adjustable rate mortgages averaged 4.78 percent, barely up from 4.77 percent a week earlier.

May 14

Rates inched up during the second week as unemployment rates rose, but less jobs were lost in April than in each of the previous five months. The average rate on a 30-year FRM stepped up to 4.86 percent, while 15-year FRM loans averaged 4.52 percent, almost unchanged from the previous week and one-year ARMs rates fell to 4.71 percent.

May 21

The trends reversed themselves in the third week with 30- and 15-year FRM rates falling and ARM rates jumping up as housing market data revealed both ups and downs. The 30-year FRM carried an average rate of 4.82 percent, 15-year FRM rates dropped to 4.50 percent, and one-year ARMs rose to 4.82 percent.

May 28

During the final week of May the 30-year FRM rate rose to 4.91 percent as consumer confidence and single-family home sales climbed upward. The 15-year FRM average rate also increased, up to 4.53 percent. One-year ARM rates dropped, though, to 4.69 percent.

What's Next for Interest Rates?

Not much is expected to change with interest rates in the coming month. There have been predictions from several major sources in recent weeks of an end to the current recession before the year is over, but then again, those type of forecasts were circulating in previous months as well and rates have not been much affected. As the economic recovery is believed to be slow, movement in interest rates will likely be slow as well.

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