10-27-2020  11:22 am   •   PDX and SEA Weather
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NORTHWEST NEWS

Paris Train Attack Hero Makes Bid for Congress From Oregon

Over 60% of Alek Skarlatos' campaign funding comes from out of state, Democratic incumbent Peter DeFazio said during their debate. Some came from Sen. Ted Cruz, R-Texas.

President of Portland NAACP Resigns Ahead of November Election

Rev. Mondainé denies allegations of abuse

Candidate Iannarone Welcomes Ruling on Complaint Against Mayor Wheeler

Mayoral challenger Sarah Iannarone has welcomed the Multnomah County Circuit court ruling requiring City Auditor Mary Hull Caballero to look into a complaint against Portland Mayor Ted Wheeler for loaning his own re-election campaign 0,000

Some Hospitals in Crisis as US nears high for COVID-19 cases

The global surge in coronavirus infections is hitting the United States hard and overwhelming hospitals across the nation

NEWS BRIEFS

The Last Day to Safely Mail Your Ballot is Today, Tuesday, October 27

Ballot envelopes must be signed and ballots received by the elections office by Election Day, Tuesday, November 3 at 8:00 PM. Postmark...

iPhone Users: Beware of the 'Apple Support' Scam

Oregonians to hang up on unsolicited phone calls that sound like they are from Apple. ...

Henry Louis Gates, Jr. to Give Virtual Lecture Nov. 9 at Oregon State University

Gates is a Harvard University professor and host of a groundbreaking, Emmy Award-winning PBS genealogy series “The African...

New Crisis Line will Serve BIPOC Community

Lines for Life have launched a new crisis line dedicated to and staffed by Black, Indigenous and People of Color ...

Oregon Reports the Highest Daily Case Count Since the Beginning of the Pandemic

OHA reports 550 new confirmed and presumptive COVID-19 cases, 3 new deaths ...

Confederate flag not welcome in Oregon historic cemeteries

OREGON CITY, Ore. (AP) — A state commission has voted to recommend that the Confederate flag no longer be allowed in Oregon’s historic cemeteries. Members of Oregon’s Commission on Historic Cemeteries voted unanimously Friday to adopt a position paper recommending Confederate...

Man pleads no contest to child sex abuse in plea deal

ALBANY, Ore. (AP) — An 18-year-old Sweet Home man has pleaded no contest to two counts of first-degree sex abuse in Linn County Circuit Court.Seven Lee Bullock entered the pleas last week and is scheduled to be sentenced on Nov. 6, the Albany Democrat-Herald reported.The crimes occurred...

Missouri wide receiver arrested, dismissed from team

COLUMBIA, Mo. (AP) — Missouri wide receiver Maurice Massey has been dismissed from the team after being arrested, school officials said Monday.Massey, 20, was arrested Sunday on suspicion of third-degree domestic assault, fourth-degree assault and first-degree property damage, according to...

Missouri grinds out 1st victory over Kentucky in five years

COLUMBIA, Mo. (AP) — Missouri kept handing the ball to Larry Rountree, and Kentucky barely got a chance to take a turn. Rountree carried 37 times for 126 yards and two touchdowns as the Tigers dominated the clock and the Wildcats in a 20-10 victory on Saturday.Missouri (2-2 Southeastern...

OPINION

Squaring Away the Cube

When I first heard that entertainer Ice Cube is supporting Donald Trump in his 2020 re-election bid, I did not believe it. ...

The Skanner News National 2020 Election Endorsements

Vote like your life depends on it. Read The Skanner News' endorsements for US President, and more ...

The Skanner News Statewide Election 2020 Endorsements

Read The Skanner News' endorsements for Portland Mayor, Portland City Council, and more ...

Muslim Advocates Denounces Trump’s Racist Attacks on Rep. Ilhan Omar and Refugees

The organization says Trump’s attacks invite violence against Rep. Omar and Minnesota’s Somali community ...

AFRICAN AMERICANS IN THE NEWS

Review: 'Memorial' like a dance gliding between characters

“Memorial,” by Bryan Washington (Riverhead Books)“Memorial,” by Bryan Washington, follows the complex relationship between Benson, a Black day care teacher, and Mike, a Japanese American chef. The couple live together in Texas, and for all intents and purposes, they are...

Fraught election puts faith leaders through a political test

Both President Donald Trump and Democratic nominee Joe Biden count endorsements from well-known faith leaders. But for clergy members who try to tackle thorny moral matters without overtly backing a candidate, the campaign has tested their ability to reconcile religious values and politics.That...

Entertainers discuss disability representation in Hollywood

It’s an old cliche that if an actor wants to win an Oscar, he or she should consider playing a character with a disability. And it’s not entirely unfounded advice: 61 actors have been nominated for playing a character with a disability and 27 have walked away winners. But only two of...

ENTERTAINMENT

`The books that help her through': Winfrey suggests seven

NEW YORK (AP) — With Election Day approaching and the pandemic ongoing, Oprah Winfrey is setting aside her usual book club recommendations and instead citing seven personal favorites, ranging from James Baldwin's landmark essays in “The Fire Next Time” to Mary Oliver's poetry...

Remembering his friends, Springsteen pens ‘Letter to You’

NEW YORK (AP) — Last year as Bruce Springsteen reflected on the death of his friend and teenage bandmate George Theiss, who died in 2018, he grabbed his guitar and pen and began writing a song about being the sole living member of his first band.He wrote about the New Jersey clubs where the...

Hugh Laurie goes for bumpy political ride in PBS' 'Roadkill'

LOS ANGELES (AP) — On screen, Hugh Laurie has been by turns irascible ("House"), villainous ("The Night Manager") and a comedic delight ("Jeeves & Wooster"). In a conversation about his latest project, PBS' “Roadkill,” he proved equally versatile.Laurie was thoughtful and...

U.S. & WORLD NEWS

One Good Thing: Wickedly creative pandemic trick-or-treating

CINCINNATI (AP) — Dropping candy down a chute for little costumed Baby Sharks, Mulans and Black Panthers....

A look at artists who've objected to Trump using their songs

From classic American rockers to British artists to the estates of late legends, here's a look at some of the...

Gulf Coast braces, again, for hurricane as Zeta takes aim

NEW ORLEANS (AP) — Residents of the storm-pummeled Gulf Coast steeled themselves for yet another tropical...

'We're working on it:' Pope's COVID advisers and the mask

ROME (AP) — Pope Francis’ decision to forgo wearing a mask has been noticed, with some concern, by...

Belarus leader seeks to punish striking workers, students

KYIV, Ukraine (AP) — Belarus President Alexander Lukashenko urged authorities Tuesday to take action...

Turkey's Erdogan sues Dutch anti-Islam lawmaker for insults

ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan is suing Dutch lawmaker Geert Wilders after...

Vote like your life depends on it
Derek Kravitz AP Business Writer

WASHINGTON (AP) -- 2012 looks to be another year of opportunity for the few who can afford to buy or refinance a home.

The average rate on the 30-year fixed mortgage fell to 3.91 percent this week, Freddie Mac said Thursday. That matches the record low reached two weeks ago.

The average on the 15-year fixed mortgage ticked down to 3.23 percent from 3.24 percent. That's up from 3.21 percent two weeks, also a record low.

Mortgage rates are lower because they tend to track the yield on the 10-year Treasury note, which fell below 2 percent this week. They could fall even lower this year if the Fed launches another round of bond purchases, as some economists expect.

Still, cheap mortgage rates have done little too boost the depressed housing market. For eight straight weeks at the end of 2011, the average fixed mortgage rates hovered around 4 percent. Yet many Americans either can't take advantage of the rates or have already done so.

High unemployment and scant wage gains have made it harder for many people to qualify for loans. Many don't want to sink money into a home that they fear could lose value over the next few years.

Previously occupied homes are selling just slightly ahead of 2010's dismal pace. New-home sales in 2011 will likely be the worst year on records going back half a century.

Builders are hopeful that the low rates could boost sales next year. Low mortgage rates were cited as a key reason the National Association of Home Builders survey of builder sentiment rose in December to its highest level in more than a year.

But so far, rates are having no major impact. Mortgage applications have fallen slightly in recent weeks, according to the Mortgage Bankers Association.

To calculate the average rates, Freddie Mac surveys lenders across the country Monday through Wednesday of each week. The average rates don't include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.

The average fee for the 30-year loan rose to 0.8 from 0.7; the average on the 15-year fixed mortgage was unchanged at 0.8.

For the five-year adjustable loan, the average rate declined to 2.86 percent from 2.88 percent. The average on the one-year adjustable loan rose to 2.80 percent from 2.78 percent.

The average fee on the five-year adjustable loan rose to 0.7 from 0.6; the average on the one-year adjustable-rate loan was unchanged at 0.6.

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