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Showing posts with the label long-term

Kyrie Irving trade rumors: Lakers, Mavericks reluctant to commit long-term to mercurial star, per report

If your Internet went out Friday and you missed the latest Kyrie Irving drama, here are the reported basics: Irving demanded a trade from the Nets before next Thursday's deadline. The Nets offered him a contract extension that included a championship stipulation, which may or may not be tied to a non-guaranteed season at the end of the deal. So insulted by this conditional offer was Irving that now he reportedly wouldn't even sign a fully guaranteed max deal with Brooklyn.  Irving wants his money -- he just doesn't want it from the Nets.  So now it's all about what team, if any, would be willing to commit a max deal to Irving, who becomes a free agent this summer but is seeking a trade now so the team that acquires him can re-sign him with his Bird rights without needing max cap space, which very few teams have.  Trouble is, Irving is a problem. He doesn't see himself as a problem, but he is on...

Average long-term US mortgage rate comes back down this week

After two straight weekly increases, the average long-term U.S. mortgage rate came back down again this week but remains a significant hurdle for many prospective homebuyers WASHINGTON -- After two straight weekly increases, the average long-term U.S. mortgage rate came back down again this week but remains a significant hurdle for many prospective homebuyers. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell to 6.33% from 6.48% last week. A year ago the average rate was 3.45%. The average long-term rate reached a two-decade high of 7.08% in the fall as the Federal Reserve continued to boost its key lending rate in its quest to cool the economy and tame inflation. At its final meeting of 2022, the Federal Reserve raised its rate 0.50 percentage points, its seventh increase last year. That pushed the central bank’s key rate to a range of 4.25% to 4.5%, its highest level in 15 years. Though another report Thursday showed that inflation at...