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Interest rates need to rise further to crush inflation, a top Bank of England policymaker has warned, in a blow to mortgage borrowers’ hopes that higher borrowing costs may soon ease.
Kansas’ largest school district says a significant increase in electric rates could harm its ability to recruit and retain teachers.
The average long-term U.S. mortgage rate fell again this week, but remains near the 22-year high it hit three weeks ago, little relief for house hunters facing persistently high prices and a near-historic low number of homes for sale. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 7.12% from 7.18% last week. A year ago, it averaged 5.16%, Freddie Mac said.
We Energies' proposed electric, gas rate hikes would be structured like this years, with residential customers' increases that of big businesses.
A newly released audit into state oversight of rate increases at San Diego Gas & Electric and three other investor-owned utility companies in California is raising questions about regulators' approval process for changes to customers' bills.