Mortgage rates drop to record highs and more business news
Mortgage rates drop to a record low of 2.66%
Long-term mortgage rates in the United States fell this week to an all-time high for the 16th time in 2020, reflecting an economy hit hard by the coronavirus pandemic.
Mortgage giant Freddie Mac said Thursday that the average 30-year fixed-rate benchmark home loan rate had slipped to 2.66% from 2.67% last week. A year ago it stood at 3.74%.
The average 15-year fixed-rate loan rate, popular with homeowners looking to refinance their mortgages, fell from 2.21% to 2.19%. A year ago it was 3.19%.
The 5-year variable rate mortgage was unchanged this week at 2.79%. A year ago it was 3.45%.
Truckers leave UK after virus lockdown
DOVER, England – Truckers and travelers stuck in a multi-day standoff in the English port of Dover have started heading to France after the country partially reopened its borders with Britain as a result of the international concern over a rapidly spreading variant of the coronavirus.
However, thousands of stranded truck drivers were still waiting their turn to cross the Channel, delayed by the slow delivery of the coronavirus tests now required. Trucks slowly moved towards ferries and trains connecting Britain with France, as authorities checked drivers for proof of negative test results. Officials have warned the backlog could take days to clear and many truckers will likely spend Christmas waiting in their taxis.
Coronavirus delays cleanup of Fukushima nuclear power plant
The Japanese government and the operator of the wreckage of the Fukushima nuclear power plant said on Thursday that the withdrawal of molten fuel from the reactor scheduled to begin in 2021 will have to be postponed by about a year due to the worsening pandemic of coronavirus.
The Ministry of Economy and Industry and Tokyo Electric Power Co. had planned to start removing a first batch of molten debris from the Fukushima Dai-ichi Unit 2 reactor sometime next year, marking the 10th anniversary of the disaster triggered by the massive earthquake and tsunami. on March 11, 2011.
The start of the removal of molten debris will now be delayed until the end of 2022, officials said.
The worsening virus situation in Great Britain has led to delays with a robotic arm jointly developed in this country by Veolia Nuclear Solutions and Mitsubishi Heavy Industries.
The necessary tests have been delayed. And the robotic arm shipment, originally scheduled for January, is now expected around April, said Shuji Okuda, a Commerce Ministry official responsible for developing nuclear facilities.
The overall dismantling of the nuclear power plant is expected to take another 30 to 40 years.
Epicurious corrects bad cultural recipes
With a new black editor and lofty promises to do better, a little corner of the Conde Nast universe is taking racial and cultural injustice one recipe at a time.
Since July, Epicurious has been browsing 55 years of recipes in a variety of Conde Nast magazines. They search for foul titles, ingredient lists, and stories told through a white American lens. The so-called archival repair project on the Home Cooks Resource site is just an effort on a plate full of initiatives. Epicurious and Bon Appetit have been at the center of charges of racial discrimination that plague others in the food world as well.
– Compiled by Dave Flessner