Thursday, November 21

Day: October 27, 2023

The average long-term US mortgage rate rises for 7th straight week, 30-year loan reaches 7.79%
27Oct By AdminsNo Comments

The average long-term US mortgage rate rises for 7th straight week, 30-year loan reaches 7.79%

NEW YORK (AP) — The average rate on the benchmark 30-year home loan rose for the seventh straight week, creating an increasingly high bar to home ownership for Americans. The rate on the 30-year fixed mortgage is at 7.79%, up from 7.63% last week, Freddie Mac said Thursday. A year ago the rate was 7.08%. As mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, limiting how much they can afford in a market already out of reach for many Americans. They also discourage homeowners who locked in far low rates two years ago, when they were around 3%, from selling. The national median mortgage payment was $2,155 in September, up 11%, or $214, from a year ago, according to the Mortgage Bankers Association. Sales of previously occupied U.S. homes ...
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Many Israelis are furious at their government’s chaotic recovery efforts after Hamas attack
27Oct By AdminsNo Comments

Many Israelis are furious at their government’s chaotic recovery efforts after Hamas attack

JERUSALEM (AP) — More than two weeks after Hamas militants rampaged through a string of sleepy farming towns, many Israelis are furious at Prime Minister Benjamin Netanyahu’s government, not just for failing to prevent the attack, but for failing to come to their aid afterward. While the military is launching unrelenting airstrikes in Gaza that have killed thousands of Palestinians, and hundreds of thousands of Israeli troops are massing for a possible ground offensive, government infighting and lack of help for those in need have left traumatized survivors to mourn on their own and volunteers — many of whom spent the past year protesting the government — to take on recovery efforts. “It has to be clear. The government is completely incompetent,” said Ruvi Dar, a clinical psychologis...
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