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On a Summer Sunday, Biden Withdrew With a Text Statement. Then What?
In an intensely visual news world, a seismic week of politics was transformed again in an instant on Sunday by something almost old-fashioned: a printed statement. President Joe Biden's announcement that he would not run for a second term was dropped into his social media feed at 1:46 p.m. Eastern, followed 33 minutes later by an endorsement of his vice president, Kamala Harris. Still recovering from COVID, the president did not appear on camera. Which meant, for news outlets, scant to no visuals. There was also virtually no warning, leading to initial concerns that the president's X feed had been hacked. The...
Average Rate on a 30-year Mortgage Drops to 6.77%, Lowest Since March
LOS ANGELES (AP) — The average rate on a 30-year mortgage dropped this week to a four-month low, a welcome decline in borrowing costs for prospective homebuyers grappling with the challenge of record-high home prices and a dearth of properties on the market. The rate fell to 6.77% from 6.89% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.78%. This is the second straight weekly drop in the average rate. It's now at the lowest level since mid March, when it averaged 6.74%. “Mortgage rates are headed in the right direction and the economy remains resilient, two positive...
Always Ask For an Upgrade, and Other Hotel Money-Saving Hacks
Summer is here, and if you clicked your way to this corner of the Internet, it’s likely you are spending a lot of money on your seasonal travel . Don’t worry, you’re not alone: According to Allianz Partners USA’s 2024 Vacation Confidence Index , the average American is expected to spend $2,834 on their summer vacation . (A single trip might be more than some people spend on their rent!) And, if you choose to book multiple trips, you may wind up spending even more. If travel between May and September seems more expensive, that’s because it is. “School is out, college students have a break, and...
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