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Mumbai dengue cases up 3 times in June-September than all of last year
Credit: IndiaTimes- Published on September 26, 2023
A 27-year-old man in Mumbai fell into a coma due to acute liver failure caused by dengue encephalopathy, making it one of the most severe cases of dengue this year. There has been a significant increase in dengue cases this monsoon season, with the city reporting 3,068 cases from June to September 25. This is nearly three times...
Video credit: Wibbitz Top Stories
Published on September 27, 2023 - 01:31
Mortgage Rates Surge to 23-Year High
Mortgage Rates , Surge to 23-Year High.
Consumer demand for home loans has cooled as rates continue to surge, Fox News reports. .
On Sept. 27, new data from the Mortgage Bankers Association showed that mortgage applications dropped 1.3% last week.
The average 30-year loan rate
jumped from 7.31% to 7.41%.
That is the highest mortgage rates have been since December 2000, Fox News reports.
Just one year ago, rates were at 5.65%.
Mortgage rates moved to their highest levels in over 20 years as Treasury yields increased late last week, Joel Kan, MBA's deputy chief economist, via Fox News.
Based on the FOMC’s most recent projections, rates are expected to be higher for longer, which drove the increase in Treasury yields, Joel Kan, MBA's deputy chief economist, via Fox News.
Mortgage applications are down 27% year-over-year, Fox News reports.
Refinancing applications have dropped 21% within the same time period.
Both prospective homebuyers and homeowners continue to feel the impact
of these elevated rates. Many homeowners
have little incentive to refinance, Joel Kan, MBA's deputy chief economist, via Fox News
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