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a26 obituario/u.s. news
Diabierna 23 September 2022
“Señor ta mi wardador, mi’n tin falta di nada
Den cunucu di yerba berde e ta ponemi sosega.
E ta hibami na awa trankil,
Pa mi bolbe haña forsa”.
Salmo: 23
Cu profundo tristeza pero agradecido pa tur loke cu E
a nifica pa nos, nos ta participa fayecimento repentino
di nos kerido tata, ruman, opa, primo y omo:
Adolph Oswald Oehlers
Mihor conoci como: “Dino”
*05-04-1934 - †19-09-2022
Acto di entiero lo wordo anuncia despues.
Her wings were ready, but our hearts
were not…
It is with deep sadness we announce the
death of our beloved Mother,
Grandmother, Sister, Aunt and Friend.
She died peacefully at the age of 89
Muriel A. Simon
Better known as (Tante) Sixta or Oma
*10 April 1933 - †21 September 2022
Date and place of condolences will be
announced later
Average US long-term mortgage rates
climb to 6.29% this week
WASHINGTON (AP) — Av- The National Association of Re- highest level since early 2008.
erage long-term U.S. mort- altors said Wednesday that ex-
gage rates jumped by more isting home sales fell 0.4% last Fed officials forecast that they
than a quarter-point this month from July to a seasonally will further raise their bench-
week to their highest level adjusted annual rate of 4.80 mil- mark rate to roughly 4.4% by
since 2007 as the Federal Re- lion. year's end, a full point higher
serve intensified its effort to than they envisioned as recently
tamp down decades-high in- Sales fell 19.9% from August last as June. And they expect to raise
flation and cool the economy. year, and are now at the slow- the rate again next year, to about
est annual pace since May 2020, 4.6%. That would be the highest
Mortgage buyer Freddie Mac early in the pandemic. level since 2007.
reported Thursday that the 30-
year rate climbed to 6.29%, from The national median home price By raising borrowing rates, the
6.02% last week. That's the high- jumped 7.7% in August from a Fed makes it costlier to take out
est its been since August of 2007, year earlier to $389,500. As the a mortgage and an auto or busi-
a year before a crash in the hous- housing market has cooled, ness loan. Consumers and busi-
ing market triggered the Great home prices have been rising nesses then presumably borrow
Recession. at a more moderate pace after and spend less, cooling the econ-
surging annually by around 20% omy and slowing inflation.
Rapidly rising mortgage rates earlier this year. Before the pan-
threaten to sideline even more demic, the median home price Mortgage rates don't necessarily
homebuyers after more than was rising about 5% a year. mirror the Fed's rate increases,
doubling in 2022. Last year, pro- but tend to track the yield on the
spective homebuyers were look- In the four weeks ended Sept. 10-year Treasury note. That's in-
ing at rates well below 3%. 11, home listings fell 19% from fluenced by a variety of factors,
a year earlier, the largest drop including investors' expectations
On Wednesday, the Federal Re- since May 2020, the real estate for future inflation and global
serve bumped its benchmark brokerage Redfin found. demand for U.S. Treasurys.
borrowing rate by another three-
quarters of a point in an effort to Many potential homebuyers are Recently, faster inflation and
constrain the economy, its fifth opting out of the market as the strong U.S. economic growth
increase this year and third con- higher rates add hundreds of dol- have sent the 10-year Treasury
secutive 0.75 percentage point lars to monthly mortgage pay- rate up sharply, to 3.65%.
increase. ments. On the other end, many
homeowners are reluctant to sell The average rate on 15-year,
Perhaps nowhere else is the ef- as they are likely locked into a fixed-rate mortgages, popular
fect of the Fed's action more ap- much lower rate than they'd get among those looking to refi-
parent than the housing sector. on their next mortgage. nance their homes, jumped to
Existing home sales have been 5.44% from 5.21% last week.
in decline for seven straight The Fed's move Wednesday That's the highest level since
months as the rising cost to bor- boosted its benchmark short- 2008. Last year at this time the
row money puts homes out of term rate, which affects many rate on a 15-year mortgage was
reach for more people. consumer and business loans, 2.15%.
to a range of 3% to 3.25%, the