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  • UPDATE: Axe Found

    parade2014The axe has been found. The Axe has some scratches and needs to be fixed up a bit. It was found up by Lake Cushman Tuesday evening. No other details at this time. Previous Story:  Paul Bunyan lost his axe somewhere between… Read More +

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  • Mariners Beat Rangers 5-0

    marinerslogo7James Paxton pitched into the seventh in a bounce-back start, Robinson Cano hit his 12th home run of the season, and the Seattle Mariners beat the Texas Rangers 5-0 on Tuesday night. Paxton threw a career-high 118 pitches and came an out away from tying his career high with seven innings pitched. The rookie lowered his ERA to 1.71, the best mark for a pitcher in his first 11 major league starts since 1990.

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Housing Frenzy: Buyers Race to Close Deals Before End of Boom

b_250_0_16777215_00_images_obgrabber_2013-09_b0ce69eeea.jpgFuse/Thinkstock (NEW YORK) -- This could be the last chance for potential home buyers to take advantage of those historically low mortgage rates. The National Association of Realtors says August sales of existing homes hit their highest level since February 2007, with buyers rushing to get in before interest rates rise further. Sales of previously-occupied homes jumped 1.7 percent in August.

On Thursday morning, homebuyers could secure a 30-year fixed-rate mortgage at 4.42 percent, down from 4.56 percent last week.  Rates dropped overnight after Federal Reserve Chairman Ben Bernanke said the central bank would keep buying $85 billion in bonds each month.

So how long will this dip in rates last?  ABC News polled a number of analysts who say they expect the window of opportunity to close in about three months, and they don't think rates will go much lower than they are today. So lock it in now!

Copyright 2013 ABC News Radio

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