The Daily Populous

Thursday September 15th, 2022 night edition

image for U.S. mortgage interest rates top 6% for first time since 2008

Sept 14 (Reuters) - The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the level it was one year ago, Mortgage Bankers Association (MBA) data showed on Wednesday.

Rising mortgage rates are increasingly weighing on the interest-rate sensitive housing sector as the Federal Reserve pushes on with aggressively lifting borrowing costs in order to tame high inflation.

The central bank has raised its benchmark overnight lending rate by 225 basis points since March.

Expectations for Fed tightening have led to a surge in Treasury yields since the start of this year.

The yield on the 10-year note acts as a benchmark for mortgage rates.

The impact of higher interest rates is being felt across the housing sector.

New home sales plunged to a 6-1/2-year low in July while home resales and single-family housing starts are at two-year lows. »

Texas delays publication of maternal death data until after midterms, legislative session

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In a statement, DSHS spokesman Chris Van Deusen said the agency is reviewing its “internal processes” to try to develop more timely data.

The state has published a maternal death report every other year since 2014, often based on preliminary data updated later.

For example, the maternal death report in 2018 identified 29 deaths in 2012 that were not included in the previous report. »

Police: Armed man wearing clown wig said he wanted to 'kill all Democrats'

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Jan Stawovy, 61, took a loaded gun into a Delmont Dairy Queen and police said the quick action of an officer saved lives.

Multiple people were inside the DQ at the time and police say a group of people, including several with intellectual disabilities, were heading inside.

Stawovy allegedly told police he was "undercover" and he was "working to restore Trump to president king of the United States." »

Yakuza 8 Will Feature Kiryu And Ichiban As Dual Protagonists

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Yakuza 8 has just been announced, and Ryu Ga Gotoku Studio has revealed that the game will feature both Kiryu and Ichiban as dual protagonists.

During the RGG Summit 2022: Ryu Ga Gotoku Studio presentation today, the studio unveiled that Yakuza 8, officially titled Like A Dragon 8, will include both Kiryu and Ichiban as its protagonists.

Yakuza 8 will feature the same RPG-like turn-based combat system that was introduced in Yakuza 7. »

Man who pinned D.C. police officer in door frame during Jan. 6 riot convicted of 7 felonies

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A man who was seen crushing a Metropolitan Police Department officer in a door frame during the Jan. 6 Capitol riot has been convicted of nine offenses, seven of them felonies, the Justice Department said Tuesday.

"Mehaffie hung from an archway and shouted direction from above, and McCaughey and Stevens were key players in the melee below.

McCaughey was captured on video using a riot shield to pin MPD officer Daniel Hodges in a doorway during the riot. »