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Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers' borrowing costs
The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers.The benchmark 30-year fixed rate mortgage rate rose to 6.49% from 6.43% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.72%.
When mortgage rates rise they can add hundreds of dollars a month in costs for borrowers, reducing their purchasing power.
Mortgage rates have remained elevated after the average rate on a 30-year loan briefly dropped below 6% in February, then climbed in May to its The... Read More
AI notetakers promise easy meeting recaps, but some professionals question their use
NEW YORK (AP) — Launching an artificial intelligence tool to take notes and summarize important information from a virtual meeting can be alluring. Seconds after one of the agents attends an hour-long video conference, it can deliver a recap of key points and outline a to-do list for all the participants.But the way popular AI notetakers accomplish those tasks makes some people avoid using them. The technology turns everything said during meetings into data. Confidential personnel information, corporate strategies, trade secrets and remarks that could later be seen as... Read More
Pogacar crushes Tour de France rivals and storms the Tourmalet to regain overall lead
GAVARNIE-GEDRE, France (AP) — Tadej Pogacar produced a tremendous solo ride on the iconic Col du Tourmalet on Thursday to earn a 23rd Tour de France stage victory, reclaim control of the race and sap his rivals' morale after just six days of racing.Pogacar, who first wore the yellow jersey after winning at Les Angles earlier this week, made the most of the first big mountain trek of this year's Tour in the Pyrenees to stamp his authority, sending a clear message to his rivals that he remains in a class of his own.
The two-time world champion crossed the Stage 6... Read More
Fire at a shoe factory kills 28 in one of China's deadliest blazes in recent years
BEIJING (AP) — A fire broke out at a shoe factory in the eastern Chinese province of Fujian on Thursday, killing 28 people, the official Xinhua News Agency said.Chinese President Xi Jinping demanded “an all-out search and rescue effort," urging a swift investigation of the incident and “strictly hold those responsible accountable.”
The blaze started at a factory in Huiteng shoe company in the city of Jinjiang, the city’s fire department said in a statement. The cause of the fire was not immediately known.
There were 237 factory workers and two... Read More
Karolina Muchova ends Coco Gauffâs run at Wimbledon in drama-filled tiebreaker to reach the final
LONDON (AP) — Karolina Muchova ended Coco Gauff’s run at Wimbledon in a drama-filled tiebreaker to reach the final on Thursday.Muchova won 6-2, 1-6, 7-6 (10) to become the fourth Czech woman in the last six years to reach the championship match of the grass-court Grand Slam.
“It was such a big fight,” Muchova said. “It was a roller coaster.”
Gauff wasted a match point in the tiebreaker when she dinked an attackable forehand into the net to follow a powerful first serve.
Muchova then produced a lob winner to set up her first match... Read More
Top Stories
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- Oil prices and stocks hold steadier as calm returns to financial markets worldwide
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- US star Christian Pulisic fractured leg in World Cup loss to Belgium
- Ebola death toll in Congo reaches 600, as new cases suspected in previously unaffected provinces
- US home prices hit an all-time high as sales slow and mortgage rates rise
- Nominations open in the contest to be UK leader, with Andy Burnham likely the only candidate
- Ukrainian drones batter Russian oil facilities and set more oil tankers ablaze
- Bonnie Tyler, who topped the charts with epic 'Total Eclipse of the Heart,' has died at 75
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Entertainment
- Ravinia Festival's Hunter Pavilion near Chicago reopens after $70 million gut renovation
- Behind Christopher Nolanâs 6-country epic undertaking to bring âThe Odysseyâ to the big screen
- New 'Little House' series explores complicated history but keeps heart, community at the center
- Bonnie Tyler, who topped the charts with epic 'Total Eclipse of the Heart,' has died at 75
Sports
- Pogacar crushes Tour de France rivals and storms the Tourmalet to regain overall lead
- Karolina Muchova ends Coco Gauffâs run at Wimbledon in drama-filled tiebreaker to reach the final
- US star Christian Pulisic fractured leg in World Cup loss to Belgium
- Yahoo Sports launches college fantasy football leagues featuring Power Four players and Notre Dame