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The US says it pushed retraction of a famine warning for north Gaza. Aid groups express concern.AMGEN TO PRESENT AT CITI'S 2024 GLOBAL HEALTHCARE CONFERENCEBy ALEX VEIGA, Associated Press The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome trend for prospective home buyers during what’s typically a less competitive time of the year for the housing market. The rate dropped to 6.6% from 6.69% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week. The average rate fell to 5.84% from 5.96% last week. A year ago, it averaged 6.38%, Freddie Mac said. The average rate on a 30-year mortgage is now at its lowest level since Oct. 24, when it was at 6.54%. “The combination of mortgage rate declines, firm consumer income growth and a bullish stock market have increased homebuyer demand in recent weeks,” said Sam Khater, Freddie Mac’s chief economist. “While the outlook for the housing market is improving, the improvement is limited given that homebuyers continue to face stiff affordability headwinds.” Elevated mortgage rates and rising home prices have kept homeownership out of reach of many would-be home buyers . U.S. home sales are on track for their worst year since 1995. Mortgage rates are influenced by several factors, including the moves in the yield on U.S. 10-year Treasury bonds, which lenders use as a guide to price home loans. The yield, which was below 3.7% as recently as September, has mostly hovered around 4.2% this month. It was at 4.3% at midday Thursday. The recent decline in rates follows a mostly upward climb since the average rate on a 30-year mortgage slid to a two-year low of 6.08% in late September after the Federal Reserve cut its main interest rate from a two-decade high. While the central bank doesn’t set mortgage rates, its actions and the trajectory of inflation influence the moves in the 10-year Treasury yield. Many economists and traders on Wall Street expect that the Fed will cut its main interest rate again at its policy meeting next week. Home shoppers and homeowners seeking to refinance their existing mortgage to a lower rate are taking advantage of the recent pullback in home-loan borrowing costs. Mortgage applications rose 5.4% last week from a week earlier, the fifth straight increase, according to the Mortgage Bankers Association. Refinance loan applications climbed 27%. “Purchase applications have increased on an annual basis every week except for one over the past three months, a positive sign for the mortgage market to close out this year,” said MBA CEO Bob Broeksmit. With home prices near all-time highs and still rising nationally, albeit more slowly, many prospective home buyers are likely holding out for mortgage rates to ease further in coming months. But there may not be much relief, given that many housing economists predict the average rate on a 30-year mortgage will remain above 6% next year. Be civil. Be kind.
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Michigan 's Kenneth Grant Jr. , the massive defensive lineman who helped the Wolverines to a national title in 2023 and wins over Ohio State , is headed to the NFL draft. Grant will forgo his final year of eligibility, he announced Thursday in a social media post. ESPN's Mel Kiper lists the 6-3, 339-pound Grant as the No. 19 overall prospect for the 2025 draft, and the No. 4 draft-eligible defensive tackle prospect. Go Blue 4L💙 pic.twitter.com/Z46HuY2wHN A native of Gary, Indiana, Grant formed the nation's best interior defensive line tandem with Mason Graham , who declared for the draft earlier this month and ranks No. 4 on Kiper's Big Board. Grant led Michigan with two fumble recoveries and ranked second on the team with five pass breakups, while adding 3.0 sacks, 6.5 tackles for loss and 3.0 quarterback hurries. He earned second-team All-Big Ten honors and third-team AP All-America honors. Grant had four tackles and an assisted tackle for loss in Michigan's 13-10 upset win over archrival Ohio State on Nov. 30. He first flashed his incredible athleticism in 2023 at Penn State, when he tracked running back Kaytron Allen on a breakaway. Grant started five games for Michigan's national championship-winning team, finishing with 29 tackles, 3.5 sacks, 6 quarterback hurries, 5 pass breakups, 1 interception and 1 fumble recovery. He also earned second-team All-Big Ten honors that year. Grant joins Graham, cornerback Will Johnson and tight end Colston Loveland in declaring for the draft ahead of Michigan's ReliaQuest Bowl appearance against No. 11 Alabama on Tuesday in Tampa.The Le Bal des Débutantes is the chance for Hollywood and the world’s elite to introduce their darling daughters to society. Le Bal, as it is informally known, was first organized by Ophélie Renouard in 1958. It is meant to celebrate “excellence, the empowering of women, and the harmony between débutantes and cavaliers from all over the world,” per a social media statement. Many stars have since watched with pride as their offspring were named debutantes. For example, Oscar winner Gwyneth Paltrow ’s daughter, Apple, was a deb in November 2024 . “My beautiful daughter in @maisonvalentino,” Paltrow, who shares Apple and son Moses with ex-husband Chris Martin , wrote via Instagram Story at the time. Apple stunned in a custom Valentino strapless blue gown, which took designer Alessandro Michele over 700 hours to make. The atelier also crafted special looks for Paltrow, Martin and Moses to wear to the Paris event. Keep scrolling to see which other famous children made their debuts at Le Bal: Apple, the eldest child of Paltrow and Martin, stunned in a Valentino gown that featured six dégradé tiers of silk plissé chiffon and cinched with a black bow. Lucia is the daughter of Italian filmmaker Edoardo Ponti and his wife, Sasha Alexander , making her the granddaughter of iconic actress Sophia Loren . Lucia debuted alongside Apple in 2024 , wearing a bandeau-cut Armani gown. And Just Like That star Nicole Ari Parker and husband, fellow actor Boris Kodjoe , also watched their daughter debut in 2024. She wore a plum-colored Oscar de la Renta frock with appliquéd flowers. Reese Witherspoon and ex-husband Ryan Phillippe ’s daughter made her debut in 2017 , wearing a golden Giambattista Valli Haute Couture ballgown and bespoke jewelry by Payal Meht a. Ava was escorted by cavalier Maharaja Padmanabh Singh of Jaipur, a prominent member of Indian nobility. “Last week felt like a dream, and I am so grateful to have so many beautiful memories from this adventure,” Ava wrote via Instagram several days later. “Giambattista Valli is a dear friend and he makes beautiful designs so we were happy and so honored that she got to wear his dress.” She added, “I am so thrilled to have had the opportunity to meet so many beautiful, kind, supportive, and passionate young women (and men!) at Le Bal. I also feel so privileged to take part in this event knowing that it is raising money for both the Seleni Institute and Enfants d’Asie, two organizations supporting very important causes.” Steve Harvey ’s stepdaughter also made her debut in 2017. Lori, who is the daughter of Steve’s wife Marjorie from a previous relationship, wore an embellished black dress. Rocky star Sylvester Stallone and wife Jennifer Flavin ’s eldest daughter appeared at the 2012 Le Bal. Bruce Willis and ex Demi Moore presented daughters Scout and Tallulah to the Le Bal crowd in 2008 and 2011, respectively. (The exes also share eldest daughter Rumer.) Forest Whittaker ’s daughter debuted in a Jason Wu dress at the 2009 occasion. “I am just so excited for her,” the acclaimed actor, who is married to Keisha Whitaker , gushed to WWD at the time. Clint Eastwood ’s daughter also debuted at the 2009 festivities, wearing a gown by Dolce & Gabbana. You have successfully subscribed. By signing up, I agree to the Terms and Privacy Policy and to receive emails from Us Weekly Check our latest news in Google News Check our latest news in Apple News The late Carrie Fisher ’s daughter rocked Chanel for the 2008 gala, where she was escorted by Adam Stewart Maltz. Long before Lily, the daughter of Genesis musician Phil Collins , starred as the oh-so-fashionable (if not ringarde ) titular character on Netflix’s Emily in Paris , she was a Le Bal deb. Lily appeared at the 2007 presentation in a white Chanel frock. “#TBT debutante baby! All dressed up for the Crillon Ball with @richarddennen and ready to dance into the weekend,” Lily wrote via Instagram in 2019, remembering the occasion with cavalier Dennen.
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