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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Feb 23, 2022
Page
8
The Mortgage Bankers Association releases its weekly report showing a mostly declining trend in mortgage applications after an early year rise as buyers rush to beat higher rates. The 30 year fixed rate averaged 3.92 percent last week.
A market recap highlights ongoing volatility as traders weigh gains and losses. Analysts note sectors shifting, with investors seeking safe assets amid uncertainty while some investors pursue quick profits despite risks to others.
Global markets declined Tuesday after Russia sent forces into Ukraine's east and the United States, EU, and UK imposed sanctions. Macy's and JELDING saw sharp moves while the sector digested a disappointing forecast from a major retailer and weaker consumer demand. General Mills also reported softer results, signaling broad pressure across consumer stocks.
Sheriff Cole Presley of Graham County Kansas backs keeping sheriffs in each county while noting Riley County lacks an elected sheriff. Riley voters would decide on an irrevocable switch if a consolidation model is chosen. Rep. Michael Dodson and Rep. JoElla Hoye split on the proposed constitutional change and voter control.
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