Average 30-year mortgage falls to 3.54% WASHINGTON — Long-term U.S. mortgage rates fell this week for a second straight week amid continued global economic concerns.Mortgage buyer Freddie Mac said Thursday the average 30-year fixed-rate mortgage dipped to 3.54 percent from 3.60 percent last week. That is well below its level a year ago of 4 percent.The average rate on 15-year fixed-rate mortgages declined to 2.81 percent from 2.87 percent.Deepening doubt about the strength of the U.S. economy and concern that Britons could vote to leave the European Union in a referendum next week are stoking the malaise.

Church that became concert venue closingPITTSBURGH — A Pittsburgh church converted into a concert venue is closing after 10 years because its owner plans to sell the building.Mike Pitterich said that he plans to use the proceeds from the sale of the Altar Bar to help open a new steel mill in Valparaiso, Ind. Pitterich owns Col-Fin Specialty Steel in Hamilton, Ontario, and Union Drawn Steel in New Brighton.The former St. Elizabeth Church in the city's Strip District was converted to an entertainment venue by previous owners. It was named Sanctuary when Pitterich bought it in 2009. The last show will be July 31.

Revlon to buy Elizabeth Arden for $419 millionNEW YORK — Revlon said Thursday it is buying Elizabeth Arden for about $419.3 million in cash, a deal uniting two well-known names in beauty and cosmetics.The New York company is paying $14 for each Elizabeth Arden share, a premium of 50 percent over their closing price Thursday. The companies value the deal at $870 million including debt.Revlon said the combined company will benefit from having a presence in more markets. It expects savings of about $140 million from the combination.Company founder Elizabeth Arden opened her first salon on New York's Fifth in 1910. The company, now based in Miramar, Fla., sells skin-care and fragrance products in 120 countries. It posted a loss of $28.4 million on revenue of $191.9 million in its most recent quarter.Revlon was founded in 1932 with the launch of nail enamel. It posted a first-quarter profit of $11 million on sales of $439.6 million.The companies expect the deal to close this year.