Friday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Friday’s business headlines.
Mortgage
Mortgage rates fell to yet another record low, according to the weekly survey of rates from Freddie Mac. This is the ninth record low since March.
The average interest rate on a 30-year fixed-rate mortgage fell to 2.86% this past week, according to Freddie Mac.
Power bills
Poor households spend nearly four times as much on utilties as well-off ones.
The new report is based on 2017 numbers from the Census Bureau’s American Housing survey.
On average, they spend 8.1& of their income on energy costs compared to 2.3% for non-low-income households. Two our of five households spend more than 10% of their income, which can further entrench existing inequalities.
Hackers
Microsoft says the same Russian groups are hacking technology to try to influence the election but they are not alone.
The tech giant says Russian, Chinese and Iranian hackers have all attempted to hack people and organizations involved in the 2020 U.S. presidential election.
Microsoft detected attempts to compromise email accounts of people and organizations associated with the election but said this is no evidence election systems were affected.
In preparation for delayed results on election day due to millions of mail-in ballots, Twitter said Thursday it will delete or label posts that claim victory too early.
It will take effect next Thursday about posts “claiming victory before election results have been certified.”