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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 — The Justice Department explored whether it could pursue either criminal or civil rights charges against local city officials as violence erupted night after night on the streets of Portland, Oregon.Federal officials researched whether they could levy criminal or civil charges against the officials, department spokesperson Kerri Kupec said.The research likely explored whether the rhetoric and actions of city officials may have helped spur the violence in Portland.The revelation underscores the Trump administration's effort seek action against those who officials believe may be helping contribute to protest-related violence.Kupec declined to comment on whether charges would be brought.According to The Associated Press, federal officials have reported that they were told by local law enforcement that they were explicitly told not to intervene at Portland's federal courthouse — the site of more than a hundred straight days of protest this summer. Protesters threw rocks and bottles at police and vandalized the building during several protests during that stretch.The Trump administration then briefly sent federal agents to the city in an attempt to quell the protests. Their initial presence in the city led to heightened tensions in mid-summer months.Portland Mayor Ted Wheeler said in a statement that it was "ridiculous" that the Trump administration was attempting to "distract" from its failures in handling the COVID-19 pandemic and west coast wildfires."The administration has made the cynical decision that the suffering of others is politically beneficial, regardless of the cost," he said, according to The Associated Press. "The people of this city — and throughout the nation — will not be intimidated, and I remain committed to doing my part as mayor to work with local partners to advance racial justice, and address the pandemic and economic challenges facing our community." 1923
Video of the explosion at Beirut port caught from the sea#??????_????? pic.twitter.com/ddDZQfBgzp— Mohammad Hijazi (@mhijazi) August 4, 2020 148
WASHINGTON (AP) — A former FBI lawyer plans to plead guilty to making a false statement in the first criminal case arising from U.S. Attorney John Durham’s investigation into the probe of ties between Russia and the 2016 Trump campaign. The case against Kevin Clinesmith is likely to be cheered by President Donald Trump and his supporters who've alleged wrongdoing in the FBI’s investigation into whether Trump’s campaign coordinated with Russia. A watchdog report accused Clinesmith of altering an email to say former Trump campaign adviser Carter Page was not a source for another government agency. “The fact is they spied on my campaign and they got caught,” Trump said at the White House on Friday.But the five-page charging document is limited in scope and does not allege criminal wrongdoing by anyone other than Clinesmith, nor does it offer evidence to support Trump’s assertions that the Russia probe was tainted by widespread political bias in the FBI. It does make clear that the FBI relied on Clinesmith’s own misrepresentations as it sought to renew its surveillance of former Trump campaign aide Carter Page.Page has said he was. Clinesmith's lawyer told The Associated Press on Friday his client “deeply regrets" altering the email. 1257
WASHINGTON (AP) — Joe Biden’s scientific advisers will meet with vaccine makers in coming days as the presidential transition remains stalled because of President Donald Trump’s refusal to acknowledge that he lost the election. The government’s top infectious disease expert says that delayed handoff to the next administration is especially problematic during a public health crisis. Dr. Anthony Fauci tells CNN, “Of course it would be better if we could start working with them." Biden’s outreach to the vaccine manufacturers comes as the coronavirus pandemic in the United States has entered perhaps its most dangerous phase. The seven-day rolling average for new daily cases stood at 145,400 on Saturday, according to data from Johns Hopkins University. 765