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Sean “Diddy” Combs will not be home for the holidays. The news comes just days after Combs' legal team outlined their plans if he were to be released. Sean 'Diddy' Combs at the MET Gala, in New York City, on May 1, 2017. Prosecutors also claimed that Combs has engaged in witness tampering from behind bars by making three-way calls and using other inmates’ cell lines. But Combs’ team has said that this is all within his constitutional rights.

Persons: Sean “ Diddy ” Combs, Combs, Aran Subramanian, Christy Slavik, Sean, Diddy, Lucas Jackson, ” Slavik, Prosecutors Organizations: Brooklyn's Metropolitan Detention Center Locations: Brooklyn's, New York City, Combs

Panera Bread has hired a prominent crisis manager while the bakery-café chain navigates ongoing lawsuits over its highly caffeinated Charged Lemonade and plans a long-awaited initial public offering. The confidential settlement was with the family of Sarah Katz, an Ivy League student with a heart condition who died after drinking Charged Lemonade in September 2022. Dispensers for Charged Lemonade at Panera Bread in Walnut Creek, Calif., in 2023. The Charged Lemonade also had guarana extract, another stimulant, as well as the equivalent of nearly 30 teaspoons of sugar in the large size, the court documents added. It also displayed signage in stores cautioning that Charged Lemonade should be consumed in moderation.

Persons: Brooke Buchanan, Buchanan, Panera, Edelman, Elizabeth Holmes, Sarah Katz, Kline, Specter, Elizabeth Crawford, Crawford, Smith, Sen, John McCain Organizations: NBC News, Justice Department, Securities and Exchange Commission, Centers, Medicare, Services, Ivy League, Kline, Getty, Food and Drug Administration, Foods, Whole Foods, Walmart, JCPenney, Red, Street Journal Locations: U.S, Philadelphia, Florida, Walnut Creek, Calif, Missouri, Theranos, New York, Williams, Sonoma

☆ Democrat Derek Tran unseats GOP Michelle Steel in razor-thin Orange County House race
▼ + stars: | 2024-11-27 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +6 min

Democrat Derek Tran has defeated Republican incumbent Michelle Steel for a House seat representing California’s Orange County and Los Angeles, NBC News projects, after a contentious race that centered on the candidates’ Asian American identities and use of aggressive anti-China messaging. Tran has performed better with voters in Los Angeles County, where he has had a significant lead over Steel. But the race is tighter in Orange County, the bulk of the district, where voters have repeatedly flipped between red and blue over the past election cycles. She previously served as a supervisor and chairwoman of the Orange County Board of Supervisors before running for Congress. Don Luong, a history teacher and longtime Orange County voter, said the back-and-forth has distracted from the candidates’ actual platforms.

Persons: Derek Tran, Michelle Steel, Tran, Steel, ” “, ” Tran, “ Michelle can’t, ” Steel, Don Luong, ” Luong, “ We’re, didn’t, Luong, “, ”, Sheng Thao, Pamela Price Organizations: NBC News, Army, Steel, Congressional, Asian, Congress, Consumer, VietFace, NBC, “, Oakland Locations: California’s Orange County, Los Angeles, China, Los Angeles County, Orange County, California, Vietnam, Communist China, Orange, mailers, Alameda County

Alabama A&M football player Medrick Burnett Jr. died Tuesday after suffering a head injury during a game four weeks ago, officials at the HBCU said. Burnett played in seven games this season after transferring to Alabama A&M from Grambling. “Our Bulldog family is heartbroken by the loss of Medrick Burnett Jr.,” Alabama A&M Director of Athletics Paul Bryant said in a statement. "We pray for his family and teammates at this incredibly difficult time," Mayfair HS said in statement. Alabama A&M, which is 6-5 overall and 4-3 in the Southwestern Athletic Conference (SWAC) action, has one more game this season, on Friday afternoon against Florida A&M in Tallahassee.

Persons: Medrick Burnett Jr, Burnett, Burnett's, Medrick Burnett, Athletics Paul Bryant, “ Medrick Organizations: Alabama, Bulldogs, Alabama State, Magic City, Austin Peay, “, ” Alabama, Athletics, Mayfair High School, Southwestern Athletic Conference, Florida Locations: Grambling, ”, Lakewood , California, Los Angeles, Tallahassee

☆ Judge finds New York City in contempt over jail conditions, moves closer to a federal takeover
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +5 min

A judge on Wednesday found New York City in contempt for failing to staunch violence and brutality at its jails, a scathing ruling that puts the troubled Rikers Island jail complex on the verge of a federal takeover. It would not involve a takeover by the Justice Department, nor would the city’s jails become part of the federal Bureau of Prisons. Nineteen people died in custody at Rikers Island in 2022. There has been “no substantial reduction in the risk of harm currently facing those who live and work in the Rikers Island jails,” the judge wrote. Under a plan approved by the city council in 2019, New York City is legally required to shutter Rikers Island and replace it with four smaller and more modern jails by 2027.

Persons: Laura Taylor Swain, leadership’s, Swain, Eric Adams, ” Swain, Jan, Emery Celli Brinckerhoff Abady, Maazel, ”, “, Benny Boscio, Adams Organizations: New, ”, Justice Department, of Prisons, Legal Aid Society, city’s Department of Correction, Democrat Locations: New York City, Manhattan, East, Rikers

President-elect Donald Trump said Wednesday he will nominate retired Gen. Keith Kellogg to serve as assistant to the president and special envoy for Ukraine and Russia. Together, we will secure PEACE THROUGH STRENGTH, and Make America, and the World, SAFE AGAIN!," Trump said in a statement announcing his decision. Future American military aid, however, will require Ukraine to participate in peace talks with Russia." Trump was accused of withholding aid to Ukraine in an effort to pressure Zelenskyy to investigate Joe Biden and his son Hunter Biden. Vice president-elect JD Vance has also spoken out against Ukraine aid, as has Robert F. Kennedy Jr., Trump's pick to lead the Department of Health and Human Services.

Persons: Donald Trump, Keith Kellogg, Keith, Trump, Kellogg, Fred Fleitz, Vladimir Putin, Putin, Fleitz, Volodymyr Zelensky, Alex Kent, “, Volodymyr Zelenskyy, “ We’re, He’s, we’re, I’ll, Trump's, Joe Biden, Hunter Biden, JD Vance, Robert F, Kennedy Jr, Kennedy, Vance, ” Organizations: Military, Business, Staff, National Security Council, NBC News, Russia, Future, Getty, Trump, Republican, Department of Health, Human Services, NBC, Press, NATO Locations: Ukraine, Russia, Kyiv, U.S, United States, New York City, Georgia, Europe

The astronauts aboard the International Space Station are ready to break bread for a Thanksgiving Day in orbit. NASA astronaut Suni Williams said she and her fellow crew members will have the day off to celebrate. She and fellow NASA astronaut Butch Wilmore arrived at the orbiting outpost in early June, as test pilots on the first crewed flight of Boeing’s Starliner space capsule. The beleaguered Starliner mission was a dramatic, monthslong saga for NASA and Boeing. Williams said it would have been nice to see the Starliner mission through to completion.

Persons: Suni Williams, ” Williams, Lester Holt, Williams, Butch Wilmore, ”, We’re, there’s, “, ” Suni Williams, Chris O'Meara, we’ve Organizations: NASA, NBC News, NBC, Space Station, ISS, SpaceX, Boeing Locations: Russian, Cape Canaveral, Fla

Karol G is now a Bratz doll. The Colombian singer is the first musical artist to collaborate with the toy brand to create a Bratz doll in her likeness. “Now I get to share a doll inspired by that very moment in my career,” Karol G said in a statement. “This collaboration is a true labor of love and a celebration for fans across Latin America and beyond,” Karol G said. When Karol G embarked on a stadium tour in support of the album's release, she became the first Latina to headline at many of the venues where she performed.

Persons: Karol G, Shakira, ” Karol G, Karol, Karol’s, Karol G's merch, Jasmin Larian, Carolina Giraldo Navarro, Karol G's, Bonito ”, “, ”, Hekmat Organizations: Carolina, Billboard, Latina Locations: Colombian, America, Spain, U.S

☆ Prisoners sustain self-inflicted third-degree burns, calling out against ‘inhumane’ conditions
▼ + stars: | 2024-11-27 | by ( Kaitlyn Schwanemann | Kaitlyn Schwanemann Is An Intern For Nbc News. | ) www.nbcnews.com time to read: +4 min

Virginia’s Black Legislative Caucus is calling on the governor and the state department of corrections to initiate an independent investigation into allegations of abuse and poor conditions at a supermax state prison. That prisoner, Charles Coleman, “suffered repeated physical, verbal and psychological abuse and denied treatment by Red Onion guards and medical staff,” Johnson said. The burns “have been fully investigated by our Department of Corrections. Youngkin did not address the reports of poor treatment of inmates and dire living conditions at Red Onion. In June, Johnson wrote in The Virginia Defender that he and six other prisoners went on a hunger strike in December 2023 to protest the use of solitary confinement at Red Onion.

Persons: Kevin “ Rashid ” Johnson, Johnson, ” Johnson, Ekong Eshiet, ”, Charles Coleman, “, Red, Christian Martinez, Glenn Youngkin’s, Chad Dotson, ” Youngkin, Youngkin, Ceci Cain, ’, ” Dotson, Dotson Organizations: Legislative, Red, Red Onion, Gov, Virginia Department of Corrections, of Corrections, Department of Corrections, Virginia Legislative Black Caucus, NBC News, “, Virginia, Human Rights Watch, Amnesty International Locations: Red Onion, Virginia

A national CBS News/YouGov poll conducted last week found that 71% of people plan to avoid political discussions at Thanksgiving. Voss was among the dozens of people on social media who posted videos about how they are opting out of their family Thanksgiving plans. Van Bavel is director of NYU’s Social Identity and Morality Lab, which studies the dynamics of shared social identities. “There’s way more diversity among Republicans than most Democrats believe, and there’s way more diversity among most Democrats than most Republicans believe,” Van Bavel said. Jay Van Bavel, psychology professor at New York University“One of the biggest fears people have is being socially ostracized,” Van Bavel said.

Persons: Donald Trump, it’s, ”, Alexis Voss, Voss, she’s, “, …, Yale, Amanda Calhoun, MSNBC’s Joy Reid, I’m, ’, Jesse Watters, Elon Musk, Jay Van Bavel, Van Bavel, ” Van Bavel, ” Diana Rodriguez Wallach, Kamala Harris, Wallach, Jordan Williams, MAGA, Williams, Scott Walker, Walker, they’re Organizations: Trump, CBS, Fox News, New York University, Democratic, New York University “ One Locations: Ohio, Pennsylvania, Puerto Rican, California, United States

☆ Wendy Williams is 'cognitively impaired and permanently incapacitated,' guardian says
▼ + stars: | 2024-11-27 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +4 min

Wendy Williams has become “cognitively impaired and permanently incapacitated,” according to a memo filed by her guardian’s lawyers. Williams was diagnosed in 2023 with primary progressive aphasia and frontotemporal dementia, her team said in a statement in February. The filing is part of a lawsuit Morrissey filed against A&E Television Networks, Lifetime Entertainment Services, and others in connection with the release of the docuseries “Where is Wendy Williams?” in February. Williams hosted the “The Wendy Williams Show” from 2008 to 2021. Sherri Shepherd took over the time slot in 2022, before “The Wendy Williams Show” was eventually canceled.

Persons: Wendy Williams, Sabrina Morrissey, Williams, Morrissey, ”, Morrissesy, ” Williams, Graves, Sherri Shepherd, Wells Fargo, TODAY.com, Wendy Organizations: Mayo Clinic, E Television Networks, Lifetime Entertainment Services, ”, Variety, NBC, NBC News Locations: New York, Wells Fargo, Wells

An Arizona man has been arrested after he allegedly posted videos online that showed him brandishing an AR-15-style rifle and threatening to kill President-elect Donald Trump and members of Trump's family, authorities said. Manuel Tamayo-Torres posted videos on a "near-daily basis" in which he accused Trump and the president-elect's family members of kidnapping and sex-trafficking his children, according to charging documents filed in federal court in Arizona. The documents don't identify Trump by name but they describe "Individual 1" as a former president and current president-elect. Tamayo-Torres also posted a video on Nov. 21, saying Trump's "whole family is going to die," according to the charging documents. Last year, he was served with an order of protection by his ex-wife, the court documents say.

Persons: Donald Trump, Manuel Tamayo, Torres, Trump, Tamayo Organizations: Trump, Desert Diamond, Facebook Locations: Arizona, Glendale, Southern California, California

☆ Ohio governor signs bill restricting trans students' school bathroom use
▼ + stars: | 2024-11-27 | by ( Kaitlyn Schwanemann | Kaitlyn Schwanemann Is An Intern For Nbc News. | ) www.nbcnews.com time to read: +5 min

Mike DeWine signed a bill Wednesday banning transgender students from using school restrooms that align with their gender identities. The bill also mandates that Ohio schools cannot have restrooms or locker rooms that are open to all genders, excluding family facilities or single-occupancy facilities. Instead, it will make trans people less safe and fail to increase the safety of all students,” Antonio wrote. Ohio House Republicans attached the legislation about restrooms to proposals regarding report card data for Ohio’s college credit program for high school students. “Extremist politicians are panicking because transgender students exist," Willingham-Jaggers said.

Persons: Mike DeWine, “, ”, Barbara J, DeWine, ” Jocelyn Rosnick, Nickie J, Antonio, ” Antonio, Christian Virtue, David Mahan, Mahan, Melanie Willingham, Willingham, Jaggers Organizations: Gov, Republican, Ohio Gov, USA, Associated Press, American Civil Liberties Union, Democratic, Christian, Senate, Research, Social, Ohio House Republicans Locations: Alabama , Arkansas, Florida , Idaho , Iowa , Kansas , Kentucky, North Dakota , Oklahoma , Tennessee, Utah, Ohio, Columbus

President-elect Donald Trump has chosen John Phelan, a businessman and investor with no military experience, to become the next Secretary of the Navy. Phelan, if confirmed, would be the first person in 15 years to lead the Navy without having served in any branch of the armed forces. “He will put the business of the U.S. Navy above all else.”As the 79th Navy Secretary, Phelan would oversee more than 900,000 people and an annual budget of more than $210 billion. Twenty out of 26 people to be confirmed as Navy secretary over the last 70 years were veterans, the Military Times reported. On Nov. 12, Trump announced he would nominate Pete Hegseth, a combat veteran and former Fox News host, to be the Secretary of Defense.

Persons: Donald Trump, John Phelan, Phelan, “, ”, Trump, Phelan’s, ” “ John, ” Trump, Carlos Del Toro, Pete Hegseth, Hegseth Organizations: NBC News, Trump, Rugger Management, Harvard Business School, U.S . Navy, Navy, Marine Corps, Army, Coast Guard, Command, Military Times, Fox News, Defense, Army National Guard Locations: Palm Beach , Florida, Afghanistan, Iraq, Guantánamo Bay, Cuba

Several of President-elect Donald Trump's planned Cabinet nominees and administration appointees were subjected to bomb threats and "swatting" attacks Tuesday night and Wednesday morning, a spokesperson for the Trump transition team said. These attacks ranged from bomb threats to ‘swatting,’" transition spokeswoman Karoline Leavitt said in a statement. Three senior law enforcement officials briefed on the swatting incident involving multiple Trump allies told NBC News that these were not credible threats. The FBI said in a statement it “is aware of numerous bomb threats and swatting incidents targeting incoming administration nominees and appointees, and we are working with our law enforcement partners. New York State, County law enforcement, and U.S. Capitol Police responded immediately with the highest levels of professionalism."

Persons: Donald Trump's, ‘, Karoline Leavitt, JD Vance, Trump, Elise Stefanik, Stefanik, ”, who've, Jack Smith Organizations: Trump, NBC News, Secret, FBI, United Nations, New, U.S . Capitol Police Locations: Washington, New York State, U.S, New York, Georgia

☆ Man already serving 30 years for murder charged in connection to the March 2022 disappearance of Louisiana mom Ella Goodie
▼ + stars: | 2024-11-27 | by ( Kyani Reid | ) www.nbcnews.com time to read: +3 min

On November 21, a man was formally charged in connection to the disappearance of 32-year-old Ella Goodie. In October 2022, Ella’s case was featured in Dateline’s ‘Missing in America’ series. Dateline spoke with Ella’s friend Felicia Broussard, who said she last spoke with Ella on March 8, 2022. In April, 2022, the Louisiana State Police posted about Ella’s disappearance. Anyone with information regarding Ella’s disappearance is asked to call the Louisiana State Police at 318-484-2194.

Persons: Ella Goodie, Ella’s, Felicia Broussard, Ella, Felicia, Dereck, Brandon Francisco, Francisco, Brian Cespiva, Cespiva, Dateline Francisco, Brandon Jermaine Francisco, “ Organizations: Louisiana State Police, Audi, Dateline, Attorney’s, Western, Western District of Locations: Texas, Lafayette , Louisiana, St, Joseph , Missouri, Louisiana, Dereck Senegal, U.S, Western District, Western District of Louisiana

A Delta flight attendant slashed a co-worker and hotel security guard after a late night and early morning of heavy, “blacked out” drinking, officials said Wednesday. Smith and “several other coworkers were returning to their” riverfront hotel when he started bickering with the victim, New Orleans police said in a statement. While Smith was booked for attempted murder, defense lawyer Thomas Calogero said his client shouldn’t be charged with that alleged crime once the case reaches prosecutors. Calogero said he highly doubts his client will ever be able to work as a flight attendant again. I mean I’m sure he’s going to lose his job at Delta,” the lawyer said.

Persons: Joshua Smith, Smith, “, Thomas Calogero, Calogero, ” Organizations: New Orleans police, Poydras, Delta, Association of Locations: New Orleans

☆ Renters struggle to build wealth, report finds. Here's how they can boost financial well-being
▼ + stars: | 2024-11-27 | by ( Ana Teresa Solá | Ana Teresa Solá Is A Personal Finance Reporter For Cnbc. | ) www.nbcnews.com time to read: +5 min

But while renters face unique affordability challenges, there are still steps they can take to improve their financial standing. Renters generally face financial challenges such as lower income, higher debt, less savings and lower rates of asset ownership, the report noted. Across income levels, renters are less likely than homeowners to own assets including cars, retirement accounts and securities, among others, the report found. Here are some of the financial challenges renter households in three sample income brackets face, according to the Aspen Institute, and ways they can build wealth. A hypothetical family in this category “first needs financial stability to meet the precondition for wealth building,” the Aspen report said.

Persons: That’s, Janneke Ratcliffe, ”, Ratcliffe, Clifford Cornell, “, ” Cornell, Shaun Williams, ” Williams, Williams, you’re Organizations: Aspen Institute, Urban Institute, Aspen, Paragon Capital Management, Cornell, “ Locations: U.S, Washington ,, New York City, Denver

Even though the sale doesn’t officially start until Nov. 29, some of the best early Black Friday deals are already live. Below, I rounded up the best early Black Friday deals so far, each of which is highly rated and at least 20% off. SKIP AHEAD Best early Black Friday deals | More early Black Friday sales | How I picked the best early Black Friday deals | Why trust NBC Select? The best early Black Friday deals of 2024I found, vetted and wrote about every deal I recommend below. The best early Black Friday salesHere are the best early Black Friday sales to know about.

Persons: I’ve, “, ”, Rebecca Rodriguez, Rodriguez, It's, It’s, Josh Rios, Lemon, Harry Rabinowitz, Jenni Kayne, Billie, Olive, Jones, TikTok Organizations: NBC, Alexa, Amazon, Garmin, beechwood, Walmart, JCPenney, Adidas, Google, Samsung, Casper, Wellness, Facebook, Twitter Locations: carabiner, Samsonite, grippy

☆ Drones spotted over military bases in the U.K. that are used by the U.S.
▼ + stars: | 2024-11-27 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +2 min

LONDON — The British military has increased security around four air bases in the country that are used by U.S. forces after "a number" of drones were spotted near them, the U.S. Air Force said Wednesday. The drones fluctuated in “size and configuration,” the Air Force said. U.S. and British officials declined to say how many drones had been spotted, or who might be behind them. The RAF Lakenheath, RAF Mildenhall and RAF Feltwell bases are in southeast England, about two hours north of London. The fourth base, RAF Fairford in Gloucestershire, is around 150 miles southwest of the other facilities.

Persons: Pat Ryder, We’re, David Goddard, ” Organizations: U.S . Air Force, Civil Aviation Authority, Pentagon, RAF, U.S . Air Force's, Fighter, Getty, RAF Mildenhall, U.S, Air Force, U.S . Air Forces, Security Forces Locations: U.S, Europe, England, London, RAF Fairford, Gloucestershire

☆ Harvey Weinstein's lawyers file complaint against NYC alleging poor medical care and 'gulag' conditions at Rikers Island
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Chloe_Melas.Jpg | Chloe Melas | ) www.nbcnews.com time to read: +2 min

Harvey Weinstein’s lawyers filed a legal claim Tuesday against New York City, alleging the disgraced Hollywood mogul is receiving poor medical care and living in an unhygienic environment at the Rikers Island jail complex. He was hospitalized in April and July, and he had emergency heart surgery in September, according to a representative. The New York City mayor’s office, the city’s Department of Correction and the city’s public hospital system did not immediately respond to requests for comment. “The treatment, or lack thereof, that Mr. Weinstein is receiving on Rikers Island does not only amount to medical negligence, it amounts to cruel and unusual punishment in violation of the Eighth Amendment,” Ansari added in part. Weinstein, 72, was placed into city custody earlier this year after the New York Court of Appeals overturned his 2020 rape conviction in a 4-3 decision.

Persons: Harvey, Weinstein, Imran H, Ansari, ” Ansari Organizations: New, The New, city’s Department of Correction Locations: New York City, Hollywood, The New York City, “

☆ Video shows Chiefs player Tershawn Wharton catch child who fell from stands after game
▼ + stars: | 2024-11-27 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +1 min

The Kansas City Chiefs' most important catch happened after Sunday's win against the Carolina Panthers, when defensive lineman Tershawn Wharton saved a young fan who fell from the stands. The moment Wharton caught the child was captured on video. Wharton told The Pat McAfee Show that it was a "natural reaction" to catch the child. The video shows Wharton, 26, lift the child back up into the stands. He said he hopes to connect with the child and invite him to another Chiefs game.

Persons: Tershawn Wharton, Wharton, Pat McAfee, Taylor Moton, Peter Joneleit Organizations: Kansas City Chiefs, Carolina Panthers, Bank of America, NFL, Chiefs Locations: Charlotte , North Carolina, Charlotte, N.C

I frequently cover all of Target’s sales throughout the year and carefully curate a list of the best deals that are truly worthwhile. I combed through the website and found notable deals from popular brands, highly rated options and NBC Select staff favorites. SKIP AHEAD Best Black Friday Target deals | More Black Friday Target sales | Why trust NBC Select? Best Black Friday Target deals4.8-star average rating from 3,316 reviews at TargetThis Apple iPad is our pick for the best overall tablet due to its functionality and price. Best Black Friday Target salesHere are the best Black Friday Target sales to know about.

Persons: ”, Harry Rabinowitz, Rebecca Rodriguez, TikTok Organizations: Target, NBC, Garmin, Facebook, Twitter Locations: woofers

☆ Fed's preferred inflation gauge rises to 2.3% annually, meeting expectations
▼ + stars: | 2024-11-27 | by ( Jeff Cox | Jeff Cox Is A Finance Editor With Cnbc.Com Where He Covers All Aspects Of The Markets | Monitors Coverage Of The Financial Markets | ) www.nbcnews.com time to read: +3 min

The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. Both were in line with the Dow Jones consensus forecast, though the annual rate was higher than the 2.1% level in September. The annual rate was 0.1 percentage point above the prior month. Odds of a quarter percentage point reduction in the central bank’s key borrowing rate were at 66% Wednesday morning, according to the CME Group’s FedWatch measure. The release follows consecutive rate cuts by the Fed in September and November totaling three quarters of a percentage point.

Persons: Dow, Stocks Organizations: Federal, Commerce Department, Dow Jones, Nasdaq, Treasury, Fed, Labor

Mortgage rates dropped last week, and homebuyers jumped off the fence. They drove total mortgage demand up 6.3% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. While the drop in rates wasn’t exactly huge, there was a fair amount of pent-up demand among homebuyers. Last year at this time mortgage rates were higher, but falling. The increase in conventional purchase applications helped push the average purchase loan size to $439,200, its highest level in almost a month,” Joel Kan, an MBA economist, said in a release.

Persons: homebuyers, ” Joel Kan, ”, Kan, Matthew Graham Organizations: Mortgage, “, pullbacks, Mortgage News

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