WASHINGTON (AP/WMOT) — Average U.S. rates on fixed mortgages have fallen to fresh record lows for the second straight week. The declines suggest the Federal Reserve's stimulus efforts are having an impact.
Mortgage buyer Freddie Mac says the rate on the 30-year loan dropped to 3.36 percent, the lowest rate since long-term mortgages came into use in the 1950s.
The Fed is spending $40 billion a month to buy mortgage-backed securities. The goal is to lower mortgage rates and help the housing recovery.
NASHVILLE, Tenn. (AP/WMOT)– New meningitis cases are being reported in Middle Tennessee for the third time this week and the fourth time in a month.
WTVF-TV says officials are reporting four to seven cases of viral meningitis Tuesday among students at Oak View Elementary in Williamson County. Cleaning crews are in the process of disinfecting the school.
Monday the Centers for Disease Control reported that they’re investigating 11 cases of meningitis tied to a Saint Thomas facility in Nashville. Two patients involved in that case have since died.
NASHVILLE, Tenn. (AP/WMOT) — A task force appointed by Republican Gov. Bill Haslam has skipped over the question of whether to create a school voucher program. Instead, the panel's most spirited debate earlier this week was about how soon vouchers could begin to be offered in Tennessee.
Jerry Winters is a spokesman for the state’s largest teacher’s union, the Tennessee Teacher’s Association. He’s attended four of the task force meeting and says it’s clear the panel members have already made up their minds to recommend a voucher program.
NASHVILLE, Tenn. (AP) — There were new developments Thursday afternoon in the Bedford County farmhouse fire that apparently claimed four lives.
Investigators quickly located the bodies of 72-year-old Leon McClaran and his 70-year-old wife, Molli, following the Sunday night blaze. Officials also expected to find the bodies of two of the McClaran's grandchildren in the rubble, but haven't been able to find them.