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The Mega Millions jackpot grew to 1 million for Friday’s lottery drawing, making it the fourth largest Mega Millions lottery jackpot in history.No tickets matched all six numbers drawn in Tuesday night's drawing. The cash value of the jackpot is 1 million.Tickets are each. See official rules HERE.The winning numbers in the March 27 drawing were 7, 25, 43, 56, 59 with 13 as the Mega Ball. Three tickets sold in Florida matched four numbers and the Mega Ball and are worth ,000 each.The Friday prize is the largest Mega Millions jackpot since July 8, 2016, when one winning ticket sold Cambridge City, Indiana won a 6 million jackpot. 658
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 man accused of pursuing and killing 20-year-old Mollie Tibbetts appeared in Poweshiek County court on Wednesday to face a charge of first-degree murder.The court hearing for Cristhian Bahena Rivera came a month after Tibbetts went for an evening run in Brooklyn, Iowa, and did not return home.On Tuesday, Rivera -- who confessed to following her as she ran on a country road -- led authorities to the field where a body believed to be hers was buried under corn stalks, officials said.Rivera, 24, was arraigned on first-degree murder charges and his bond was set at million. His next court hearing is scheduled for August 31. 640
The ObamaBiden Administration was the most corrupt in history, including the fact that they got caught SPYING ON MY CAMPAIGN, the biggest political scandal in the history of our Country. It’s called Treason, and more. Thanks for your very kind words Michelle!— Donald J. Trump (@realDonaldTrump) August 18, 2020 319
The Manhattan Beach City Council got an earful from a handful of angry residents who want the owner of a pink house covered with two giant emojis to remove them.They say the bizarre paint job is a public nuisance and worry that it will bring down property values.The homeowners claim the house on 39th Street near Highland Avenue was painted hot pink and decorated with the two eye-popping emojis — one with a zipped lip, the other with googly eyes and its sticking tongue out — after the owner, Kathryn Kidd, was fined ,000. Her neighbors had complained to the city she was illegally running a short-term rental.“She was upset the city shut her down and fined her thousands of dollars,” says neighbor Dina Doll.Both emojis, painted several feet tall, have eyelash extensions.Doll doesn’t think it’s a coincidence.“I think it’s not even ambiguous actually. Zip the lip … we all know what that means,” she said, adding: “I think it violates every sense of common decency.”Kidd, who says she’s simply an art lover, disagrees.“It’s a message to me to be positive and happy and love life,” she insisted, adding: “I have eyelash extensions. The eyes are like a Mona Lisa eye. They kind of follow you.”Neighbors point to an Instagram post they say hints at Kidd’s true intentions, however. In a now-edited post with the hashtag “EmojiHouse”, a caption by @ztheart begins: “Are your neighbors constantly ratting you out? Have they cost you thousands in fines? Have you wanted to tell them off lately? Why risk a case, when you can hire me to paint them a pretty message?”Kidd says she has no intention of painting over it.Edward Averday, who’s leasing the house for a year, isn’t bothered by the house’s larger than life decorations: “The only thing I really have to say is this is a really nice place to live. It’s a happy house. From the inside, my view is of the ocean. What’s not to like about that?”Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. 2073
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