Mortgage Rates Near 7% as Affordability Challenges Persist
In the first full week of the new year, the 30-year fixed-rate mortgage stayed elevated, just below 7%, continuing to challenge homebuyers amid high housing prices and limited inventory. Economic resilience has kept upward pressure on mortgage rates, further straining...
Water Main Break Disrupts Traffic in Troutman
A water main break on Wagner Street near Powell Street in Troutman has caused traffic congestion and prompted rerouting in the area. Town workers and Troutman police are on the scene addressing the issue, which may have been caused by cold weather. Repairs are...
U.S. Employment Rises by 256,000 in December
The U.S. Bureau of Labor Statistics (BLS) reported today that total nonfarm payroll employment increased by 256,000 in December 2024, while the unemployment rate held steady at 4.1%. Job gains were seen across several sectors, with health care, government, and social...
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U.S. Employment Rises by 256,000 in December
The U.S. Bureau of Labor Statistics (BLS) reported today that total nonfarm payroll employment increased by 256,000 in December 2024, while the unemployment rate held steady at 4.1%. Job gains were seen across several sectors, with health care, government, and social...
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Schools on Two-Hour Delay Again Due to Cold
Due to the ongoing cold weather conditions, area schools will operate on a two-hour delay on Tuesday. The decision was made to ensure the safety of students and staff during the early morning hours when temperatures are expected to remain particularly low. Families...
Winter Weather Disrupts Travel at Charlotte Douglas
Charlotte, N.C. — Winter weather on Monday caused significant travel disruptions at Charlotte Douglas International Airport, with over 330 delays and more than 100 cancellations reported as freezing rain and icy conditions affected the region. Airport crews worked...
Iredell County Unemployment Rate Rises Slightly in November
RALEIGH, N.C. — Unemployment rates increased in the majority of North Carolina counties in November 2024, reflecting broader state and national trends. According to data released by the North Carolina Department of Commerce, unemployment rates (not seasonally...