News

Fire damages home on Old May Road

Firefighters from multiple fire departments battled heat and exhaustion after responding to a house fire that displaced a man and his wife on the Old May Road Thursday afternoon. Brown County Emergency Management Coordinator Darrell Johnston, who estimated the couple’s age as being in their 60s, said they have insurance on the home.

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Brownwood ISD School Spotlight: Coggin Elementary School

With the beginning of the 2022-2023 school year Coggin Elementary School (formerly Coggin Intermediate), will see many new changes. The campus will now house PK-6th grade students, and along with the new grade levels, a new campus Principal and Assistant Principal will be among the leadership there. Brownwood ISD has welcomed Mrs. Kali McLaughlin as the new Principal of the school.

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More Americans apply for jobless benefits last week

WASHINGTON (AP) — More Americans applied for jobless aid last week but the total number of Americans collecting unemployment remains at a five-decade low. Applications for unemployment benefits rose by 27,000 to 229,000 for the week ending June 4, the most since mid-January, the Labor Department reported Thursday. Firsttime applications generally track the number of layoffs. The four-week average for claims, which evens out some of the weekly volatility, rose by 8,000 from the previous week to 215,000. The total number of Americans collecting jobless benefits for the week ending May 28 was unchanged at 1,306,000, the fewest since Jan. 10, 1970.

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Mortgage rates jump again, buyers head to the sideline

WASHINGTON (AP) — Average longterm U.S. mortgage rates jumped back up ahead of next week’s Federal Reserve meeting where it’s expected to announce another increase to its main borrowing rate. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate jumped to 5.23% this week from 5.09% last week. The brisk jump in rates, along with a sharp increase in home prices, has been pushing potential homebuyers out of the market. Mortgage applications decreased 6.5% from one week earlier, the Mortgage Bankers Association reported Wednesday. The group’s composite index, a measurement of mortgage loan application volume, is at its lowest level in 22 years.

Read MoreMortgage rates jump again, buyers head to the sideline