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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 (AP) — Military suicides have increased by as much as 20% this year compared to the same period in 2019, and some incidents of violent behavior have spiked.Service members are struggling with isolation and other effects of COVID-19, in addition to the pressures of deploying to war zones, responding to national disasters and addressing civil unrest.The data is incomplete and causes of suicide are complex, but Army and Air Force officials say the pandemic is adding stress to an already strained force.The numbers vary by service. The Army’s 30% spike pushes the total up because it’s the largest service. 626

WASHINGTON (AP) — Federal health officials are unveiling a plan to get approved coronavirus shots to nursing home residents free of cost, with the aid of two national pharmacy chains. No vaccine has yet been approved by the Food and Drug Administration, and the distribution program is contingent on that happening first. Trained staff from CVS and Walgreens will deliver the vaccines to each nursing home and administer shots. Assisted-living facilities and residential group homes can also participate in the voluntary program. Nursing home staffers can be vaccinated too, if they haven’t gotten their shots already. The idea is to give hard-pressed states an all-inclusive system for vaccinating their most vulnerable residents, said Paul Mango, a senior policy adviser at the Department of Health and Human Services. “We are trying to eliminate all potential barriers to getting folks safe and effective vaccines,” Mango said.People in nursing homes and other long-term care facilities account for less than 1% of the U.S. population, but they represent about 40% of the deaths from COVID-19, with more than 83,600 fatalities logged by the COVID Tracking Project.Needles, syringes and other necessary equipment will be included. 1240

WASHINGTON (AP) — More than a million Americans sought unemployment benefits last week.That's the word from a Labor Department report that indicates companies are cutting more jobs as the coronavirus surges through the Sunbelt and some of the nation’s most populous states. Layoffs in Florida, Georgia and California rose by tens of thousands.The number of laid-off workers seeking assistance remained stuck at 1.3 million. That number is lower than the previous week but still illustrates the devastation wrought by widespread shutdowns.The U.S. has now suffered 17 straight weeks of jobless claims in the millions as the country continues to combat the novel coronavirus.Case counts are rising in 40 states and 22 states have either paused or reversed their efforts to reopen their economies, according to Bank of America. 832

VISTA, Calif. (KGTV) - President Trump's endorsement Thursday to raise the minimum purchase age for assault rifles from 18 to 21 is sparking local debate.Christa Farmer, 19, has been cleaning and taking care of guns since she was 11.  Farmer bought an AR-15 when she was 18, which she uses for shooting competitions.  It's a gun Farmer is comfortable with, and she says the purchase age should stay at 18."At 18, I knew how to properly disassemble, assemble, clean, and the proper safety rules," said Farmer.Anti-gun-violence advocates like Ron Marcus want such rifles banned nationwide, but say raising the purchase age is a good step.    "The maturity range between 18 and 21, there's a lot of room for growth.  To allow that maturation process before they buy a gun is a good idea," said Marcus, Director of Public Outreach for San Diegans for Gun Violence Prevention.Farmer counters with a different maturity argument.  She says she was 'mature enough' to enlist in the Army Reserve several years ago. "If we're old enough to enlist and carry these weapons, I believe we are mature and responsible enough to own them in our personal lives as well," said Farmer.Others say the two situations are different when it comes to owning AR-15s."In the military, you are subject to extreme discipline and oversight ... When they are off duty, a different story ... and they should be subject to civilian rules," said Marcus.Farmer doesn't agree with the reasoning because of the quality of the gun training in the military.As of last year, new sales of the AR-15 have been banned in the state.  Owners can still keep their old ones, but must register them with the state by June. 1727

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