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The Honda CR-V, one of the most popular vehicles in America, is plagued by a potentially dangerous engine problem that could cause the small SUVs to lose power or even stall, according to Consumer Reports magazine.In some CR-Vs, gasoline can leak into the SUV's engine oil. That can eventually cause the engine to lose power or stall completely. Several Consumer Reports subscribers reported the issue which has also been the subject of of dozens of complaints to the National Highway Traffic Safety Administration, according to the magazine. Many more owners have complained of the problem in online forums, Consumer Reports said.Several CR-V owners have posted complaints with NHTSA reporting a strong smell of unburned gasoline as a result of fuel getting into the engine's lubricating oil.A Honda spokesman took issue with Consumer Reports' contention that the problem is widespread, saying there are hundreds of thousands of CR-Vs on the road so a problem affecting even a tiny percentage of them could result in a fairly large number of complaints.Honda's Chris Martin said the automaker is working to figure out a fix for the problem and hopes to have one ready by mid-November. Honda does not consider the problem to be a safety threat requiring a recall. Owners with concerns about the problem should visit a Honda dealer for an inspection. Any needed repairs will be covered under their warranty, the automaker said.Consumer Reports counters that the issue is, indeed, safety related."There are many ways stalling can be a safety issue, so if these cars are stalling, they need to be recalled," said David Friedman, vice president for Advocacy at Consumer Reports and a former acting NHTSA director.The problem occurs in 2017 and 2018 CR-Vs with Honda's new 1.5-liter turbocharged engine. Somehow, gasoline is getting into the car's lubricating oil which should not normally happen, Consumer Reports said. That dilutes the engine oil making it less effective at lubricating the engine. Over time, that can lead to engine damage and loss of power or stalling, especially on cold days or in heavy traffic.Honda says the problem has occurred mostly in northern parts of the country during short drives in extreme cold weather. Consumer Reports said the problem had been reported to the magazine by CR-V owners as far south as Texas and New Mexico.Honda spokesman Martin took issue with Consumer Reports' contention that the problem is geographically more widespread than the automaker says. Honda also pointed out that it is normal for small amounts of gasoline to find their way into the engine's oil but it usually burns away during continued driving."While others may easily complain online of experiencing something similar under other circumstances," Martin said in an email, "it is premature and a bit irresponsible to link them all together without physical inspections of the vehicles, which is what [Consumer Reports] has done here."Honda has recalled CR-Vs in China for a similar issue. But, Honda said those vehicles do not have precisely the same engine used in CR-Vs sold in the United States,When an automaker issues a safety recall in the United States, it is legally required to fix the problem, at no charge to the owner, in all potentially affected vehicles. Automakers frequently do other sorts of updates and fixes to vehicles, at their discretion, without necessarily fixing the problem in all vehicles. 3439

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 publisher of an online news website says two of the site's reporters were arrested while covering protests of a grand jury's decision not to indict officers in the fatal shooting of Breonna Taylor. Daily Caller publisher Neil Patel says the two reporters were peacefully doing their jobs in Louisville, Kentucky, on Wednesday night when they were detained. Police on Thursday confirmed that Shelby Talcott was charged with failure to disperse and unlawful assembly and Jorge Ventura was charged with failure to disperse and violation of curfew. No further details were released by authorities.Talcott confirmed Thursday evening that she had been released, and that "it was a scary experience to be arrested for doing my job."Protesters poured into the streets around the country Wednesday to protest the Kentucky jury's decision. 841

The number of people within the orbit of Vice President Mike Pence who have contracted COVID-19 in recent days has grown to five, according to CNN and The New York Times.Those five include Pence's chief of staff, Marc Short, an outside advisor, Marty Obst, and aide Zach Bauer.On Saturday, the Trump administration confirmed that Short had contracted COVID-19. In a statement released, the White House said that both Pence and the second lady both tested negative, and CNN reports that they tested negative on Sunday as well.On Saturday, the White House said that Pence would "maintain his schedule in accordance with the CDC guidelines for essential personnel."However, The New York Times reports that "several" White House officials privately believe that Pence should stay off the campaign trail due to the outbreak. CNN spoke with officials who said Pence staff members are "scared" of contracting the virus.Just hours after the White House confirmed Short's diagnosis, White House Chief of Staff Mark Meadows said on CNN that the Trump administration wasn't "going to control the pandemic" and would instead focus on treatments and vaccines.The outbreak within Pence's office is just the latest rash of COVID-19 cases that have reached the inner circle of the White House. President Donald Trump himself was hospitalized after contracting the virus earlier this month, and both first lady Melania Trump and her son, Barron, have also caught the virus. Several other top White House officials, including press secretary Kayleigh McEnany, adviser Stephen Miller and White House counselor Hope Hicks have also contracted the virus. 1641

The original Oktoberfest can be traced back to the early 19th century in Munich, Germany.Since then, cities across the United States celebrate the festival of German heritage.WalletHub compared the 100 largest U.S. cities based on 23 indicators of Oktoberfest friendliness and fun, and chances are, you can find one of these celebrations near you. 355