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Average US long-term mortgage rate rises to 6.52%, just below its high for the year

The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started.

The benchmark 30-year fixed rate mortgage rate rose to 6.52% from 6.48% last week, mortgage buyer Freddie Mac said Thursday. Despite the increase, the average rate remains below 6.84%, where it was a year ago.

When mortgage rates rise they can add hundreds of dollars a month in costs for borrowers, reducing their purchasing power.
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Man pleads guilty to assassinating a top Minnesota Democrat and her husband

MINNEAPOLIS (AP) — The man charged in the political assassinations of the top Democrat in the Minnesota House and her husband, as well as the nonfatal shootings of a state senator and his wife, pleaded guilty in federal court Thursday after prosecutors said they would not seek the death penalty.

Vance Boelter was charged with murdering Minnesota House Speaker Melissa Hortman and her husband, Mark Hortman, and with shooting state Sen. John Hoffman and his wife, Yvette Hoffman. Boelter came to their doors in the early hours of June 14, 2025, disguised as a police officer and... Read More

Wall Street recovers some of the week's losses after AI stocks swing back upward

NEW YORK (AP) — The U.S. stock market is recovering some of its losses for the week on Thursday, as the roller coaster for artificial-intelligence companies turns back upward. Oil prices and Treasury yields, meanwhile, remain near where they were the day before, even though worries are rising about the war with Iran and accelerating inflation.

The S&P 500 added 0.3%, coming off a back-to-back drop that yanked it back to where it was in early May. The Dow Jones Industrial Average was up 313 points, or 0.6%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 0.5%... Read More

UK defense secretary resigns, saying the government is not willing to spend enough on the military

LONDON (AP) — U.K. Defense Secretary John Healey unexpectedly quit on Thursday, saying the government is unwilling to spend enough on the military at a time of “rising threats.” The resignation dealt another blow to embattled Prime Minister Keir Starmer, who is already facing demands from Labour colleagues to step down.

Healey told Starmer in a letter that the government’s Defense Investment Plan falls “well short of what is required at this dangerous time.”

Publication of the plan has been delayed amid reports of disagreement between the defense ministry... Read More

Lights! Camera! Cage match! The White House lawn's Octagon is ready for Trump's 80th birthday bash

WASHINGTON (AP) — It looks from afar more UFO than UFC.

Maybe it's the kind of contraption that has carried space aliens to the White House to force a meeting with America's leader.

But come closer and you'll see the contours of the eight-sided cage, 30 feet (9 meters) in diameter and shaped, with careful precision, like the MMA league's signature Octagon. That is, a STOP! sign flipped on its edge, with wire-mesh sides and padded corners fitted with different sponsors' logos: Morgan & Morgan, Bud Light, Dodge Ram, Corona Extra and Polymarket, which identifies itself... Read More

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Average US long-term mortgage rate rises to 6.52%, just below its high for the year

Man pleads guilty to assassinating a top Minnesota Democrat and her husband

Wall Street recovers some of the week's losses after AI stocks swing back upward

UK defense secretary resigns, saying the government is not willing to spend enough on the military

Lights! Camera! Cage match! The White House lawn's Octagon is ready for Trump's 80th birthday bash

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