Breaking News

News

Average long-term US mortgage rate churns upward to its highest level in nearly 3 years at 7.28%

National News

NEW YORK — The average long-term U.S. mortgage rate jumped this week to its highest level in nearly three years. The benchmark 30-year fixed-rate mortgage rose to 7.28% from 7.03% last week, mortgage buyer Freddie Mac said Thursday, the biggest leap in four years. A year ago, the average rate was 6.34%. It is the sixth consecutive week that mortgage rates have increased. The average rate is now the highest it's been since Nov. 22, 2023, when it reached 7.29%, and it's not climbed this fast week-to-week since October 2022. Borrowing costs on 15-year fixed-rate mortgages, often ...

Crime

News of Record

MARSHALL — A report is pending on an incident at 5:13 a.m. Thursday on the 2800 block of Lyon County Road 5, Marshall Police said. MARSHALL — A Marshall girl, 16, was cited for speeding at 10:28 p.m. Wednesday on the 300 block of East Main Street, Marshall Police said. MARSHALL — A Marshall man, 26, was cited for speeding at 10:26 p.m. Wednesday at the intersection of East Main Street and H Street, Marshall Police said. MARSHALL — A Marshall man, 19, was cited for an instruction permit violation in a traffic stop at 10:07 p.m. Wednesday at the intersection of East ...

MN students’ standardized test scores continue to stagnate

Minnesota News

Fewer than half of Minnesota students who take the state’s standardized test are able to read and do math at grade-level expectations, according to data released Wednesday by the state’s education department. Performance on the test, called the Minnesota Comprehensive Assessments, declined drastically over the first two years of the COVID-19 pandemic, during which schools closed or held classes remotely. Proficiency rates continue to be over 10 percentage points lower than before the pandemic, when over half of students were proficient in math and reading. The exams are given in ...

Questions linger for future of construction landfill

Local News

MARSHALL — Last year, Lyon County officials talked about filling up and closing down a disposal site for construction debris ahead of new state regulations. However, speakers at Wednesday’s annual landfill meeting said that would be a costly idea. “Attempting to fast-fill the site has revealed a gap in available staffing, and additional operation costs,” said Tonya Koller of engineering firm Burns & McDonnell. The Landfill Advisory Board held its annual meeting Wednesday in Marshall. Representatives of counties that use the Lyon County landfill met to hear updates on few ...