Mortgage rates rise to highest since December 2000
The average 30 year U.S. mortgage rate climbs to 7.49 percent, the highest since December 2000, with 15 year rates at 6.78 percent. Freddie Mac notes higher borrowing costs dimming homebuyer affordability and deterring sales as rates stay elevated.
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Associated Press
Medicare drug price talks move forward with nine lawsuits
Experts watch the Biden administration's drug price negotiation program as all nine selected drugmakers join. A Trump-appointed judge in Ohio declined to halt the process on Sept 29, but nine lawsuits remain. Listening sessions run Oct 30 to Nov 15 with first offer due Feb 1, 2024 and finalization Aug 1, 2024. Prices published Sept 1 with effect in 2026.
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X drops article headlines in latest platform update
The AP reports X formerly Twitter now shows only lead images and a link to stories. Users must click images to read full articles while domains appear in the corner. Musk defends changes as improving aesthetics amid criticism from EU officials and groups over misinformation and antisemitism concerns.
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