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As mortgage rates reach their highest level in 23 years, more Americans are putting off home buying.The 30-year mortgage rate averaged 7.49% as of Thursday, according toFreddie Mac, up from last week, when it averaged 7.31%. A year ago at this time, the 30-year rate averaged 6.66%.The 15-year rate averaged 6.78%, up from last week, when it averaged 6.72%. A year ago at this time, the 15-year rate averaged 5.9%. Several factors, including shifts in inflation, the job market and uncertainty around the Federal Reserves next move, are contributing to the highest mortgage rates in a generation. Unsurprisingly, this is pulling back homebuyer demand, Sam Khater, Freddie Macs
stanley thermos chief economist, said in a statement.Mortgage application volume has declined over the past 12 plus months, said Carolyn Morganbesser, associate vice president of mortgage origination at Affinity Federal Credit Union. Rising rates continue to de
stanley flasche ter homeowners from listing their homes, and inventory shortages affect potential buyers as prices cont
stanley cup inue to rise, she said. Fewer homes on the market keep prices high. Coupled with rising interest rates, affordability becomes a serious issue for would-be buyers. If you are Nnll One Tank Trips | Daisha visits Coffey Grounds Farm in Stilwell
SALT LAKE CITY 鈥?NBA legend Dwyane Wade is joining the Utah Jazz, but as a part-owner and not a player.The team announced Friday that the 13-time All-Star had joined the ownership group led by technology entrepreneur Ryan Smith, who along with his wife, Ashl
stanley becher ey. Im excited to help take the Utah Jazz to the next level, said Wade in a statement. I am always looking for new opportunities to grow and challenge myself. Ive always done things my own way, and this is the next step in my journey. As a kid from the south side of Chicago, this partnership goes beyond my wildest dreams of playing basketball, and I hope to inspire the next generation of dreamers. Wade follows in the footsteps of other former players who have taken ownership stakes in teams. Michael Jordan Hornets , Shaquille O Neal Kings , and Grant Hill Hawks all currently have ownership positi
stanley drink bottle ons with NBA franchises.A longtime member of the Miami Heat, Wade has moved into other business ventures since retiring from the NBA in 2019. Li-Ning, Hisense, MISSION, and Budweiser are just a few of Wade s corporate partners.While acknowledging his longtime affiliation with the Heat, Wade t
stanley straws old ESPN that buying into the Jazz is ab