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Published: Thursday, January 26, 2017 @ 10:18 AM
Updated: Thursday, January 26, 2017 @ 10:17 AM
WASHINGTON — Long-term US mortgage rates rose this week after three weeks of declines, marking their first increase of the year.
Mortgage buyer Freddie Mac said Thursday the rate on 30-year fixed-rate loans climbed to an average 4.19 percent from 4.09 percent last week. That was still sharply higher than a 30-year rate that averaged 3.65 percent for all of 2016, the lowest level recorded from records going back to 1971. A year ago, the benchmark rate stood at 3.79 percent.
The average for a 15-year mortgage increased to 3.40 percent from 3.34 percent last week.
Mortgage rates surged in the weeks since the election of Donald Trump in early November. Investors in Treasury bonds bid yield rates higher because they believe the president-elect's plans for tax cuts and higher spending on roads, bridges and airports will drive up economic growth and inflation.
That would depress prices of long-term Treasury bonds because inflation would erode their value over time, a prospect that caused investors to demand higher yields.
In the latest week, the price of the benchmark 10-year Treasury bond dropped, pushing up its yield.
Bond yields move opposite to prices and influence long-term mortgage rates. The yield on the 10-year Treasury note climbed to 2.52 percent Wednesday from 2.42 percent a week earlier. The yield continued its steady march higher since Election Day Nov. 8, when it stood at 1.87 percent. It held steady at 2.52 percent Thursday morning.
To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week. The average doesn't include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.
The average fee for a 30-year mortgage fell this week to 0.4 point from 0.5 point. The fee on 15-year loans also slipped to 0.4 point from 0.5 point.
Published: Saturday, March 24, 2018 @ 5:37 AM
Updated: Saturday, March 24, 2018 @ 9:18 AM
— WINTER WEATHER ADVISORY FOR BUTLER COUNTY UNTIL 2 A.M. SUNDAY
We will be starting out in the 20s and will be mostly cloudy, according to Storm Center 7 meteorologist Kirstie Zontini. Passing showers move in during the day mixing with snow and possibly some rain in the afternoon. The best chance for this is south of I-70. Snow totals will be limited and most of the Miami Valley won’t see any stick. Butler County is under a Winter Weather Advisory with possible snowfalls reaching 1 inch to 3 inches. The Dayton area might see a dusting on grassy surfaces. North of Dayton will have a pretty quite Saturday. It looks like the Miami Valley dodges the heaviest bands of snow which will stay south. Temperatures climb to around 40. Clouds decrease tonight and we drop to the mid 20s.
Sunday: It will be a beautiful end to the weekend. We will see highs in the mid to upper 40s. Dry and sunny!
Monday: We see a nice start to the new week with temperatures close to normal with highs in the low to mid 50s. Clouds increase in the evening.
Tuesday: Scattered rain showers will develop with highs in the upper 50s feeling mild and breezy.
Published: Saturday, March 24, 2018 @ 9:16 AM
— A space enthusiast from Texas believes photographs taken by a NASA rover reveal an “alien skeleton” on Mars, KTRK reported.
A person from Waxahachie said a group of what looks like rocks is actually the skull and spine of a possible Martian.
The person filed a report with the Mutual UFO Network, which investigates UFO sightings in the United States and beyond, KTRK reported.
According to the report, the alleged skeleton was photographed by the Opportunity rover on Feb. 1 in Perseverance Valley on the west rim of Mars' Endeavour Crater.
The person who submitted the report to the UFO Network said a 3-D image revealed the bone detail of a spine, KTRK reported.
Published: Saturday, March 24, 2018 @ 9:07 AM
— Marches and rallies are being held in the U.S. and around the world Saturday as part of the March for Our Lives event. The student-led movement is addressing the issues of gun violence and gun control, prompted by a series of deadly mass shooting in the U.S.
The movement was sparked by student survivors of the Parkland High School mass shooting in Florida on Feb. 14, in which former student Nikolas Cruz, 19, killed 17 people and injured dozens.
Published: Saturday, March 24, 2018 @ 6:03 AM
WASHINGTON TWP. — Crews responded to reports that a red Chevy Trail Blazer flipped on its top in Washington Twp. Saturday morning.
The single vehicle flipped at the cross of Hempstead Meadows and West Alex Bell Road around 5 a.m.
Medics were on scene but no one was taken to the hospital.