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WASHINGTON — U.S. long-term mortgage rates fell this week, reaching record lows for the 13th time this year amid fresh signs of weakness in the pandemic-ravaged economy. Mortgage buyer Freddie Mac reported that the average rate on the 30-year benchmark loan declined to 2.72% from 2.84% last week. The average rate on the 15-year fixed-rate mortgage fell to 2.28% from 2.34%. The low rates in 2020 have spurred demand in the housing market. The National Associated of Realtors says housing offers for single-family homes have increased for six consecutive months. They are now at their highest level since 2007, according to the Census Bureau. Existing home sales in October 2020 were 26.6 percent higher than the number of sales in October 2019. The median sale price, nationwide, has also increased; it is now 3,000, roughly 16 percent more in 2020 than this time last year.The NAR has warned that the dwindling number of available housing units is down to only a few months supply. Fresh signs emerged this week that the resurgent coronavirus outbreak is likely slowing the economy and forcing more companies to cut jobs. The government reported that retail sales in the U.S. grew a sluggish 0.3% in October, even as retailers offered early holiday discounts online and in stores. 1294
WASHINGTON — It’s a hurry up and wait moment on Capitol Hill for congressional negotiators on a must-pass, 0 billion COVID-19 economic relief package struggle through a handful of remaining snags.The holdups mean a weekend session appears virtually certain, and a top lawmaker warned that a government shutdown this weekend can’t be ruled out.Government funding is set to expire on Friday at midnight, and lawmakers are seeking to tie the COVID-19 stimulus deal with a funding bill that will keep the government open until next September.According to CNN, Republican leaders have floated a plan that would extend the funding deadline by 48 hours in the hopes of hammering out the final details of the stimulus deal. However, Democrats have indicated that they would like to strike a deal before the deadline — a negotiating ploy, as Republicans would need to strike a deal with their backs against the wall.All sides appear hopeful the wrangling won’t derail the legislation. Senate Majority Leader Mitch McConnell has already said he plans to keep the Senate in Washington over the weekend in the hopes of striking a deal.The central elements of the hard-fought aid compromise appear in place: more than 0 billion in aid to businesses; a 0-per-week bonus federal jobless benefit and renewal of soon-to-expire state benefits; 0 direct payments to individuals; vaccine distribution funds; and money for renters, schools, the Postal Service and people needing food aid. 1487
WALLA WALLA, Wa. -- Many people are spending time during the pandemic cleaning their homes they are now stuck in, or finally reorganizing that closet. The Walla Walla Public Library can relate, and they have a real life mystery on their hands after moving the mystery books section.According to a post on social media, the Washington town’s library was moving their mystery collection as part of a larger library layout change, when a facilities crew member discovered a secret panel.“Along with the usual dust and dead bugs, he found five unopened cans of ‘the beer refreshing’ and some monstrously stale gum still in its vibrant packaging, along with a moldering paper bag,” the post reads.The library is assuming someone stashed their loot behind the shelving and wasn’t able to retrieve it.Some good old-fashioned sleuthing leads the library to believe the snacks have been sitting in the secret panel for about 30 years.“Godzilla Heads gum dates to the late 1980s, and the rule that requires warnings to be printed on alcohol containers was enacted in November 1988. So we think the goods were there for upward of 30 years,” the City of Walla Walla states. 1169
WASHINGTON (AP) — President Donald Trump has raised roughly 0 million since his Election Day defeat, a sum garnered through a nonstop stream of solicitations that have falsely claimed the election was stolen while requesting contributions for an “election defense fund.” A person familiar with Trump’s effort who requested anonymity says most of the money was raised in the days after the Nov. 3 contest. The amount, which approaches the sums Trump took in at the height of the campaign, offers yet another sign that he does not intend to leave the White House quietly and will remain a powerful force in Republican politics.As Trump’s chances of reelection dwindled in the hours and days after the election, his campaign began bombarding supporters with hundreds of emails and text messages that made inaccurate claims about voter fraud and election irregularities, while requesting money to fight the outcome.They haven’t let up since.“My father was 100% right when he said mail-in ballots would cause problems. YOU deserve a FAIR and TRANSPARENT Election,” Trump’s son Donald Trump Jr. said Tuesday in one such email.But the fine print indicates much of the money has instead paid down campaign debt, replenished the Republican National Committee and, more recently, helped get Save America, a new political action committee Trump founded, off the ground.Seventy-five percent of each contribution made now goes to Save America, with the remaining 25% going to the RNC’s operating account. It’s only once donors have given the legal maximum to Trump’s political committee and the RNC that money begins spilling over into accounts specifically intended to pay for legal proceedings related to the election. 1718
VISTA (CNS) - An Escondido man who killed a friend after challenging the victim to a fight, then posted sounds of the victim crying during the attack on a social media site, was convicted Tuesday of first-degree murder.A jury deliberated for about 90 minutes before finding Salvador Sanchez guilty in the April 2017 death of 20-year-old Maithem Alfuraiji.Jurors will now be asked to determine whether Sanchez, now 20, was insane at the time of the murder.RELATED: Snapchat murder victim identified by policeEscondido police Detective Greg Gay said friends of the two men were alarmed by messages posted on the defendant's Snapchat account on April 27, 2017, in which Sanchez can be heard telling the victim "tell them what you did."Police said Sanchez lured Alfuraiji to Mountain View Park and later challenged the victim to a "fight to the death."Sanchez told police that he targeted the victim because Alfuraiji was "making decisions and meeting with people" that put everyone they knew in danger.RELATED: Snapchat?aids in arrest of Escondido murder suspectFriends eventually called police about what they saw on Snapchat and Sanchez led them to Alfuraiji's body on the Rincon Indian Reservation in Valley Center. 1233