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Business

Average 30-year mortgage rate climbs to 6.85%

WASHINGTON (AP) — The average rate on a 30-year mortgage in the U.S. rose for the second week in a row to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans. The rate rose to 6.85% from 6.72% last week, mortgage ...

Bill that boosts SS benefits for many public service retirees headed to Biden

WASHINGTON (AP) — The Senate passed legislation early Saturday to boost Social Security payments for millions of people, pushing a longtime priority for former public employees through Congress in one of its last acts for the year. The bipartisan bill, which next heads to President Joe ...

IRS to send special payments

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people's bank accounts or sent in the mail by a paper check. The IRS said it's distributing about $2.4 billion to ...

Trump adds Europe to those he’s threatening with tariffs

WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Friday added the 27 countries that make up the European Union to the list of trade partners he's threatening with tariffs — unless the group takes steps to import more U.S. goods. "I told the European Union that they must make ...

Hotel switches to Baymont franchise

IRON MOUNTAIN — A hotel on Iron Mountain’s south side celebrated changing to the Baymont by Wyndham franchise with a ribbon-cutting ceremony by the Dickinson Area Chamber of Commerce. The hotel at 1609 S. Stephenson Ave. in Iron Mountain has gone through extensive renovations, owner Kanna ...