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Average 30-year US mortgage rate falls to 6.43%, its lowest level in seven weeks

Business

The average long-term U.S. mortgage rate fell this week to its lowest level since mid-May, easing borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.43% from 6.49% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.67%. The average rate has been mostly hovering around 6.5% going back to mid-May and trending higher overall in the months since the war between the U.S. and Iran began in late February, disrupting the flow of crude oil from the Persian Gulf to customers worldwide. That’s sent oil ...

ICE arrests 10,000 in 5 days

National News

WASHINGTON (AP) — Immigration and Customs Enforcement arrested 10,000 people over a five-day period at the end of June, marking a major push by the agency tasked with carrying out the Trump administration’s mass deportations agenda. The arrest numbers, obtained from a person familiar ...

Democratic governors press US Postal Service to drop plan tied to Trump’s election order

National News

A group of Democratic governors asked the U.S. Postal Service on Thursday to withdraw its proposed rule seeking to implement an executive order from President Donald Trump to create a federal list of eligible voters and potentially limit who can receive a ballot in the mail. The president signed the order in March. It directs U.S. Citizenship and Immigration Services and the Social Security Administration to create a “citizenship list” for each state and the Postal Service to limit mailed ballots to those on the lists. The Postal Service filed a proposed rule to implement the ...

11-year-old boy driving truck crashes into group of Thai monks, killing 9

International News

BANGKOK (AP) — An 11-year-old boy crashed a pickup truck into a group of monks on a pilgrimage walk in northeastern Thailand on Thursday, killing nine, officials said. A total of 35 monks from Mukdahan province, about 372 miles northeast of the capital Bangkok, were on the pilgrimage. Five monks were killed at the site, while four others died at a hospital. Thirteen were hospitalized with three in critical condition, according to the provincial administration. The group started the 161-mile walk to Ubon Ratchathani province about 30 minutes before the crash. Security camera ...

Chevrolet Bolt vs. Nissan Leaf, an Edmunds $30,000 EV comparison

Business

Many new electric vehicles are prohibitively expensive for car shoppers. But there are a few relatively low-cost options that provide plenty of usable range and utility. One great example is the Nissan Leaf. Originally debuting for 2011, it’s today’s longest-tenured EV and remains among ...

An IRA playbook to build wealth

Business

In the world of financial planning, we often treat retirement accounts as static buckets. But for the savvy investor, an IRA has a life cycle that must evolve as they do. From a teen’s first summer job to a retiree’s final legacy bequest, the optimal way to use these accounts changes based ...