What the Fed interest rate cut means for mortgages

[ad_1] Mortgage interest rates have been declining in anticipation of a Fed rate cut. Andrii Yalanskyi/Getty Images It may not have been a surprise, but the interest rate cut the Federal Reserve issued on Wednesday was still a welcome development for millions of Americans. In the first reduction since December 2024, the central bank elected…

Read More

Pope Leo XIV says those “against abortion” but in favor of death penalty “not really pro-life”

[ad_1] For the first time since being elected in May, Pope Leo XIV waded into U.S. politics Tuesday, criticizing those who say they’re against abortion but support the death penalty, saying that’s “not really pro-life.”  Leo, a Chicago native, was asked late Tuesday about plans by Chicago Cardinal Blase Cupich to give a lifetime achievement award to…

Read More

Dominican Republic hit with widespread power outage

[ad_1] A rare blackout hit the entire Dominican Republic on Tuesday, snarling traffic and paralyzing businesses in the country of nearly 11 million people. Officials blamed a failure in the grid’s transmission system, although it wasn’t immediately clear what caused it. Generation units in San Pedro de Macorís and the Quisqueya Power Plant shut down,…

Read More