US Mortgage Interest Rates Fall to 2-Month Low

Published on November 23, 2023

The average interest rate on the most popular U.S. home loan fell last week to its lowest level in two months as Treasury market yields, which act as a benchmark for mortgage rates, continued to move lower on the back of cooling inflation and a softening economy. The average contract rate on a 30-year fixed-rate mortgage declined by 20 basis points to 7.41 percent for the week ended Nov. 17, data from the Mortgage Bankers Association (MBA) showed on Wednesday. It has declined 45 basis points over the past two weeks and is now at its lowest level since late September. The yield on the 10-year Treasury note acts as a benchmark to set home loan costs. Home-purchasing borrowing costs had reached two-decade highs near 8 percent in October....

Continue reading on website
Other news

Abortion Bans Result in 32,000 More Babies Being Born Each Year, Study Finds

November 23, 2023
About 32,000 additional babies are being born per year following the Supreme Court’s reversal of Roe v. Wade last year, according to an analysis.“Our primary analysis indicates that in the first six months of 2023, births rose by an average of 2.3 percent in states enforcing total abortion bans compared to a control group of states where abortion rights remained protected, amounting to approximate

Pentagon’s Handling of Vaccine Mandate is Motivating Veterans, Military Families to Run For Office

November 23, 2023
Veterans and a military spouse running for Congress say they have been motivated to seek political office in response to the Pentagon’s handling of the COVID-19 vaccine mandate and out of a desire to continue their service to the country.Mara Macie grew up in Massachusetts, working for a family business until 2006. She married Navy Seabee, Ted Macie, who is now an active-duty Navy Medical Service