Average rate on a 30-year mortgage falls to lowest level in nearly a year

posted in: All news | 0

By ALEX VEIGA, AP Business Writer

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly a year, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week.

Related Articles


Shortage of homebuyers forces many sellers to lower prices or walk away as sales slump drags on


Average rate on a 30-year mortgage drops to 6.5%, lowest level since last October


Reasons why this fall is the ideal time to buy a house


Artificial intelligence helps break barriers for Hispanic homeownership


Average rate on a 30-year mortgage slips to 10-month low

The long-term rate eased to 6.35% from 6.5% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.2%.

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell. The average rate slipped to 5.5% from 5.6% last week. A year ago, it was 5.27%, Freddie Mac said.

Mortgage rates are influenced by several factors, from the Federal Reserve’s interest rate policy decisions to bond market investors’ expectations for the economy and inflation.

Rates have been mostly declining since late July amid growing expectations that the Fed will cut its benchmark short-term interest rate for the first time this year at the central bank’s meeting of policymakers next week.

A similar pullback in rates happened in the leadup to September last year, when the Fed cut its rate in for the first time since March 2020 in the early days of the pandemic. Back then, the average rate on a 30-year mortgage got down to a 2-year low of 6.08%, but soon after climbed again, reaching above 7% by mid-January.

While the Fed doesn’t set mortgage rates, its actions can influence bond investors’ appetite for long-term U.S. government bonds, like 10-year Treasury notes. Lenders use the yield on 10-year Treasurys as a guide to pricing home loans.

The Fed has kept its main interest rate on hold this year because it’s been more worried about inflation potentially worsening because of President Donald Trump’s tariffs than about the job market.

But in a high-profile speech last month, Federal Reserve Chair Jerome Powell signaled the central bank may cut rates in coming months amid concerns about weaker job gains following a grim July jobs report, which included massive downward revisions for June and May.

On Tuesday, revised jobs data from the government showed the U.S. job market was much weaker last year and this year than earlier data suggested. And the latest weekly snapshot of unemployment benefit claims shows more U.S. workers applied for unemployment benefits last week, an indication that the number of layoffs could be rising.

The housing market has been in a slump since 2022, when mortgage rates began climbing from historic lows. Sales have remained sluggish so far this year as the average rate on a 30-year mortgage has mostly hovered above 6.5%.

The average rate is now at its lowest level since Oct. 10, when it was 6.32%.

Assassination of Charlie Kirk adds to America’s roll call of public violence

posted in: All news | 0

By LISA MASCARO and ALI SWENSON, Associated Press

WASHINGTON (AP) — In the tragic roll call of violence in American public life, Charlie Kirk’s name joins what has fast become a long list.

Related Articles


What we know so far about the Colorado high school shooting


Venice mayor condemns reported attack on American Orthodox Jewish couple


Sentencing underway for wife of disgraced former Sen. Bob Menendez for her role in a bribery scheme


Do you live here? 41 states where you might outlive your retirement savings


Trial starts for a man accused of attempting to assassinate Trump in Florida last year

The influential 31-year old commentator, who cast his young professional life rousing other young people to embrace or debate his brand of conservatism, was slain doing what he does best: holding a provocative question-and-answer session on a college campus.

Kirk had been sparring with a questioner at Utah Valley University over who commits gun violence. Then the shot rang out.

President Donald Trump, a survivor of assassination attempts including at a 2024 campaign rally, announced on social media: Kirk was dead.

“It has to stop,” House Speaker Mike Johnson pleaded from the U.S. Capitol. “This is not who we are.”

Condemnation of the violence came quickly, from all corners and across the political divide, and it was universal. But it has never been enough. Within minutes a shouting match erupted during a moment of silence in the House. One Republican lawmaker wanted an actual prayer for Kirk; Democrats called for changes in gun laws. Online, certain far-right figures responded with anger and pointed blame. And so did Trump.

“We’re moving in a very dangerous direction, and I think we have been moving in this direction for quite some time,” said Kurt Braddock, an assistant professor of public communication at American University.

Though nothing is publicly known about the shooter or the motive in this case, Braddock said it can’t be ignored that polarization and normalization of violence have become threaded through U.S. politics.

“It’s incumbent on both sides to take steps to lower the temperature and make it clear that violence should never be considered an acceptable form of political action,” he said.

The nation’s long history of violence in the public realm carries many data points. It has felled presidents, presidential contenders, activists like Kirk and some of the most consequential figures in American civic life — Abraham Lincoln, the Rev. Martin Luther King, Jr.

Among those who have survived the violence, Trump does not stand alone. Elected officials in the U.S. have been shot at and critically wounded while talking to voters outside a grocery store in Arizona; practicing for a congressional baseball game in Virginia; answering the door to their own home in Minnesota. The governor’s house in Pennsylvania was set ablaze as he and his family slept inside. Members of Congress fled the Jan. 6, 2021 attack on the U.S. Capitol.

“It’s time for all Americans and the media to confront the fact that violence and murder are the tragic consequence of demonizing those with whom you disagree day after day, year after year,” said Trump — who then proceeded to blame what he called the “radical left” for the attacks.

Members of the U.S. Secret Service counter sniper team walk onto the roof of the White House after the American flag at the White House in Washington, was lowered to half-staff after Charlie Kirk, the CEO and co-founder of Turning Point USA, was killed at an event in Orem, Utah, Wednesday, Sept. 10, 2025. (AP Photo/Alex Brandon)

Bruce Hoffman, a senior fellow for counterterrorism and homeland security at the Council on Foreign Relations, said how the country responds to Kirk’s killing will be crucial to what happens next.

“In the past, we had elected officials that would seek to bring the country together rather than to cast blame,” he said. “We’ll have to see what in the coming days our national leaders have to say about this, and whether they can be effective in lowering the temperature.”

College campuses where Kirk draws robust and curious crowds to discuss not just politics but their questions about growing into adulthood have often been battlegrounds of ideas and centers of American thought, from the Vietnam War protests at Kent State to the Israel-Hamas war demonstrations of the Trump era.

Conservative commentators in particular have complained of being unfairly blocked from universities as students protested their appearances at college campuses. Trump has turned the force of the U.S. government against Harvard, Columbia and the nation’s premier universities to end policies his administration views as too “woke.”

Kirk, a charismatic figure who founded his Turning Point USA as an 18-year-old, grew into an influential leader tapping into the mood of a younger generation’s grievances with society.

A Christian father of two, he demonstrated a combative new approach to conservatism that openly criticized racial justice movements, the news media and LGBTQ rights. Critics said his views perpetuated racist, anti-immigrant and anti-feminist ideas.

Kirk often faced protests and controversy when he visited college campuses, including on his recent tour.

Ahead of Wednesday’s event, an online petition calling for the university’s administrators to reconsider allowing him to speak received nearly 1,000 signatures. A similar petition at Utah State University, where Kirk was set to appear later in the month, gathered nearly 7,000 signatures.

In Utah, Gov. Spencer Cox, a Republican, pleaded with Americans to look at themselves, and the way they treat one another, as the nation prepares to celebrate the 250th anniversary of its founding.

“We desperately need leaders in our country, but more than the leaders, we just need every single person in this country to think about where we are and where we want to be,” he said. “Is this what 250 years has wrought on us?”

He prayed that “all of us will try to find a way to stop hating our fellow Americans.”

Swenson reported from New York. Associated Press writers Gary Fields, Matt Brown, Kevin Freking, Stephen Groves, Brian Slodysko and Michael Biesecker contributed to this report.

Reader alert: Send us your organization’s booya information!

posted in: All news | 0

It’s hard to believe that it’s almost that time again, but as summer ends, booya time begins.

Does your organization host an event centering around this thick, rich stew? If so, send your information, including time, date, place, offerings and prices, to eat@pioneerpress.com and we’ll list it in the Pioneer Press.

Related Articles


Recipe: Make this tropical fruit salsa to serve on chicken or pork chops


Is Gen Z destroying wine culture? No, but they might reshape how we drink it


Rio 1854, from family behind Taco Libre, coming to former Dock spot in Stillwater


You and your kids can make goldfish and animal crackers at home


How tariffs could mess with your pumpkin spice

Other voices: America’s wilderness is priceless

posted in: All news | 0

One of the traits that makes America great is its wilderness. The Trump administration is moving to open to extraction and development tens of millions of acres of forests now protected by a federal regulation known as the Roadless Rule.

In officially designated roadless areas, no new human infrastructure is permitted, except for conservation and public safety matters, such as wildfire prevention. (In those cases where roads already exist in newly designated wilderness, maintenance is permitted.)

This effectively holds these regions off-limits to logging, mining and other extractive industries. The rule applies to 58.5 million acres of American wilderness. Most of the nearly 200 million acres supervised by the Forest Service is available to industry in some way.

The Roadless Rule is a case study in participatory democracy. When the Clinton administration codified the rule, which went into effect in early 2001, an astounding 1.6 million Americans submitted comments to regulators.

While the vast majority of roadless areas are in the West, Pennsylvania also benefits: About 5% of the Allegheny National Forest, 25,000 acres, is designated roadless by the Department of Agriculture and its subsidiary, the Forest Service, according to the PennEnvironment Research & Policy Center. Those areas, many of which hold some of the last remaining old growth tree stands in northern Appalachia, are regional and national treasures whose loss would be incalculable, no matter what brief economic gain might result.

America has protected this wilderness not just to preserve special and irreplaceable forests. Protection also ensures that animal habitats, especially those of wide-ranging creatures, is as free as possible from human influence. Perhaps most of all, it’s about preserving these places for the enjoyment and benefit of humanity for generations to come.

Few people, if any, walk through an ancient landscape, like the “forest cathedral” of Pennsylvania’s Cook Forest State Park, and complain that it wasn’t clear-cut a century ago. They give thanks for the foresight the people who held back industry, who insisted that some lands must remain intact. Because of them, in this very commonwealth you can touch a hemlock that first broke through the earth while Michelangelo painted the Sistine Chapel.

The Roadless Rule has always been controversial, with both the George W. Bush and first Trump administrations attempting to weaken it. The rule is a much more potent political issue in the West, where it protects tens of millions of acres many states would like to control and to use to generate tax revenue. Trump’s Secretary of Agriculture Brooke Rollins announced plans to rescind the rule at a meeting of the Western Governor’s Association.

Western politicians have long complained that because the Roadless Rule lets the USDA secretary create roadless areas, the department creates de facto wilderness areas by fiat, while the official “wilderness” designation requires Congress to act. This argument has been rejected by federal courts, but the expansion of roadless areas remains a sore point.

It may be possible to adjust the rule in a manner that would place some limits on this expansion. But, characteristically, thoughtful reform is not what the Trump administration wants: They’d like to rescind the Roadless Rule in its entirety. And that would be a disaster for American wilderness, and thus for Americans as a whole.

Roadless wilderness represents a moral principle: that some things are good in themselves and more important than short-term economic gains, and that among them is our country’s responsibility to steward its lands for generations to come. Entirely rescinding the Roadless Rule would deny that principle, and in so doing wound America’s distinctiveness, and its greatness.

— The Pittsburgh Post-Gazette

Related Articles


Mary Ellen Klas: The ICE raid on the Georgia Hyundai plant makes no sense


Senate Republicans defeat Democrats’ effort to force the release of Epstein files


Nolan Finley: 45 words Democrats should never say?


Reagan Foundation cancels Ben Shapiro speaking event, after fatal shooting of Charlie Kirk


Trump’s plan for a drug advertising crackdown faces many hurdles