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The Los Angeles Police Department says an investigation is underway after a man attacked and robbed three transgender women in Hollywood on Monday.KTLA-TV in Los Angeles said police are investigating the incident as a hate crime.Video of a portion of the assault was widely shared on social media. It shows the suspect assaulting the women and also demanding clothing and jewelry from them.According to the LAPD, the man went up to one of the victims with a metal bar and told her to give him her shoes and bracelet. He then grabbed her hand and walked with her for a short distance before she was able to escape.Later, police say the suspect attacked one of the woman's friends with a bottle, knocking her to the ground.The suspect also allegedly made derogatory remarks about the victims' sexual identity during the attack.LAPD shared a photo of the suspect in the hopes of tracking him down. 902

The large brawl at the Cambria is now code 4. 2 have been arrested and 2 transported to the hospital with non-life threatening injuries. The investigation is continuing. pic.twitter.com/KRLqlJ6xMS— Anaheim PD (@AnaheimPD) August 5, 2020 244

The interest rate on the 30-year fixed-rate mortgage remained near record lows in June and is likely to stay there in July.The 30-year fixed averaged 3.33% APR in the first four weeks of June, a smidgen lower than the 3.37% average APR in May and 3.36% in April. June’s rate average was the lowest in the four-year history of NerdWallet’s daily rate survey.A mission to reduce ratesMortgage rates were remarkably anchored from April through June after the Federal Reserve intervened to stabilize rates and push them down.But the Fed’s intervention hasn’t been entirely successful: Although mortgage rates have been remarkably stable, they’re stuck at a higher-than-expected level. To put it more bluntly, rates should be lower.Since March, the central bank has bought billions of dollars’ worth of Treasurys and mortgage bonds “to sustain smooth market functioning, thereby fostering effective transmission of monetary policy to broader financial conditions,” as the Fed explained in a June 10 statement.Dissecting that short passage:The Fed is saying that its goal is to push interest rates, including mortgage rates, lower. That’s what “transmission of monetary policy to broader financial conditions” means.It’s trying to accomplish that goal by buying Treasurys and mortgage bonds to calm and stabilize those markets. Stabilizing markets is a method, not the goal.? MORE: How mortgage rates are determinedFed failed to make a bigger splashThe Fed has succeeded in calming the waters. That’s why there were ripples, not waves, in fixed mortgage rates from April through June. But it has only partially succeeded in its goal to push interest rates lower. For the Fed to declare victory in “fostering effective transmission of monetary policy to broader financial conditions,” mortgage rates would have to fall another half a percentage point or so.With its intervention, the Fed decreased Treasury yields and mortgage rates. But the results are unequal: Since January, the 10-year Treasury yield has fallen a little over one percentage point, while the 30-year mortgage has fallen about half a percentage point. Normally, the two would fall roughly the same amount.Rates slow to sync with TreasurysWhy haven’t mortgage rates fallen further? You might guess that lenders are keeping rates elevated to offset the risk of mortgages going into default during the COVID-19 recession. But mortgage rates tend to fall during recessions.? MORE: What COVID-19 means for mortgage ratesMaybe mortgage servicers, the companies that collect monthly payments and work with past-due borrowers, want to be paid for the increased risk they bear, and it’s translating to higher rates. Maybe an undetected economic force keeps a floor on mortgage rates, preventing the 30-year fixed from falling below 3% and lingering there.A more plausible theory is that mortgage rates will follow historical patterns and shamble lower until they’ve fallen roughly the same as Treasury yields. That’s the conclusion that Bill Emmons, economist for the Federal Reserve Bank of St. Louis, makes in a paper titled “Why Haven’t Mortgage Rates Fallen Further?”Using history as a guide, Emmons writes, “we would expect a further decline in mortgage rates of perhaps 0.5 percentage points.” If he’s right, mortgage rates might drop in July.Don’t count on it, though. Not after these two months of stability; rates might continue to tread water.More From NerdWalletCompare current mortgage ratesHow much home can I afford?Buying or selling a home during the pandemicHolden Lewis is a writer at NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL. 3623

The LeBron James version of “Space Jam” appears to be a whole lot brighter.In a short video clip shared by The LeBron James Family Foundation, the NBA star is seen wearing a bright blue and orange jersey and shorts with “Toon Squad” written in purple.Like Michael Jordan in the original “Space Jam” in 1996, it looks like James will be suiting up for the Toon Squad team. 379

The NFL will consult an advisory committee made up of former coaches, general managers, and players on such issues as postponing, moving, or even canceling games this season due to the coronavirus pandemic. Troy Vincent, the league's football operations chief, said that the advisers, who will report to Commissioner Roger Goodell, will help avoid any "inequities" in those decisions. Vincent did not identify any members of the panel, saying he was awaiting their approval to do so. Vincent also said the league will consider playoff games in a bubble environment, noting that "all options are on the table."Game-day and travel protocols were sent to all 32 teams this week, which included "extensive in-stadium specifics include rules for the field, sidelines, locker rooms, tunnels, entrances, and training rooms," the Associated Press reported.The league said that when traveling, masks must be worn at all times, everyone must stay in separate hotel rooms, buses limited to no more than 50% capacity, and when on an airplane, a seat must be left open between passengers."I am very proud of the innovation and attention to detail that our club medical staffs have shown as they have created these plans, which were reviewed and approved by the league, the NFLPA, and our infectious disease experts,” said NFL Chief Medical Officer Dr. Allen Sills.Teams will not be allowed to leave their hotel to eat or use restaurants that are open to the public, the league said.Cheerleaders and mascots cannot be on the field this upcoming season, NFL Network's Tom Pelissero reported. 1584