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  • Flood Warning Extends Through Thursday Morning

    skok floodThe flood warning continues for the Skokomish River near Potlatch affecting Mason County, Olympic Peninsula Region. While showers will continue over the south slopes of the Olympics, heavy rain has come to an end. The three to five inches of… Read More +

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  • Olympia Hospital Must Start Paying Business Tax

    Prov-St.Peter-Hospital-OlympiaProvidence St. Peter Hospital in Olympia will have to start paying a city business tax that will cost it an estimated $340,000 next year. The City Council voted Tuesday to remove the business and occupation tax exemption for religious and medical… Read More +

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  • Seahawks Roster Moves

    brackettThe Seattle Seahawks have claimed TE Brett Brackett off waivers from the Tennessee Titans and released TE RaShaun Allen, the team announced this afternoon. Brackett was originally signed as an undrafted free agent by the Miami Dolphins on July 28, 2011. He spent time on the Miami, Jacksonville and Philadelphia practice squads during 2011. Signed to the Jaguars active roster on September 1, 2012,

    Read More
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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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