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Average long-term US mortgage rate surges to highest level since December 2000

The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers LOS ANGELES -- The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers. The average rate on the benchmark 30-year home loan rose to 7.49% from 7.31% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.66%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loan, also increased. The average rate rose to 6.78% from 6.72% last week. A year ago, it averaged 5.90%, Freddie Mac said. High rates can add hundreds of dollars a month in costs for borrowers, limiting how much they can afford in a market already out of reach for many Americans. They ...
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Malaysia telecoms firms complete talks to take up stakes in 5G

KAULA LAMPUR:   Malaysia said on Friday telecommunications firms CelcomDigi, Maxis, Telekom Malaysia, U Mobile and YTL Communications will take up stakes in state 5G agency Digital Nasional Berhad (DNB), following an agreement reached between the firms and the government on equity participation and 5G access. The announcement comes as mobile operators and the government look set to conclude protracted negotiations over Malaysia's 5G rollout plans. Malaysia had in 2021 announced that state-owned DNB would own the full 5G spectrum, with carriers using the infrastructure to provide mobile services. But the plan was met with industry concern over pricing, transparency and monopolistic practices. Mobile operators agreed in October last year to take up 70% of DNB's stake to resolve the impasse. However, the deal lapsed after Prime Minister Anwar Ibrahim's administration - which took power after an election in November last year - announced a review of the governme...
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National Monte Cristo Day (September 17th)

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Quick facts When is it? Every September 17th It's also known as... National Monte Cristo Sandwich Day What are the hashtags? #NationalMonteCristoDay #NationalMonteCristoSandwichDay Have we missed something? There are two things man thought they could not improve on. The Club sandwich, and French toast. Our culinary hubris was found in err when the Monte Cristo Sandwich was invented. The Cook of Monte Cristo Sometimes you can get enough of a good thing, but you can make a good thing better. The Monte Cristo Sandwich is one such thing. If you’ve never had this amazing love-child of a club sandwich and french toast, it’s far past time you change that. Breakfast, lunch, and dinner just got better, and National Monte Cristo Day celebrates that fact. History of Monte Cristo Sandwich It’s said that on a particularly foggy and melancholy day in the Bay Area of Southern California, a cook had decided to find a way to bring joy and light to those currently crowded ...
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