News

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

‘One more step’

EARLY — The City of Early’s Town Center project received a big boost Monday with the awarding of a $50,000 grant from the Lower Colorado River Authority. LCRA general manager Phil Wilson, accompanied by other representatives of the nonprofit public agency, presented an oversized check to Early city officials at site where a restaurant will be built, overlooking a pond that will be developed for recreational use.

Read More‘One more step’

CALENDAR

Wednesday Blanket United Methodist Church will host a free lunch for the Blanket community from 10 a.m. to 1:30 p.m.

Read MoreCALENDAR

Remembering yesterdays

Minds’ gristmills generally become unhinged--if not totally off the rails--on items of recent history. But their recollection of long-ago happenings may confound friends, and perhaps amaze whoever is doing the recollecting.

Read MoreRemembering yesterdays