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Jerome Powell · United StatesThe average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate fell to 6.63% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.47%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell. The a…See the Story
Average Rate on a 30-Year Mortgage Drops to Lowest Level Since April
70% Center coverage: 30 sources
Feds · BaltimoreMore than $26 million in federal funding has been axed for the development of a superconducting magnetic levitation (SCMAGLEV) railway system between Washington D.C. and Baltimore, with a stop at BWI Airport.The $20 billion plus project never really got off the ground.Back in November 2016 the Federal Railroad Administration awarded the Maryland Department of Transportation (MDOT) $27,800,000 to conduct a preliminary engineering and environmenta…See the Story
Feds Cancel Funding for Grounded MAGLEV Rail Project Between Baltimore, DC
67% Center coverage: 3 sources
