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Business

Average mortgage rate edges higher but still near 3-year low

The average long-term U.S. mortgage rate ticked higher this week, but remains near its lowest level in more than three years. The benchmark 30-year fixed rate mortgage rate rose to 6.09% from 6.06% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged ...

Prices ticked up in November, a key inflation measure shows

WASHINGTON (AP) — The Federal Reserve's preferred inflation gauge ticked up in November in the latest sign that prices remain stubbornly elevated, while consumers spent at a healthy pace. Consumer prices rose 2.8% in November from a year earlier, the Commerce Department said Thursday, up ...

Downtown IM favorite Spiro’s under new ownership

IRON MOUNTAIN — Spiro's Restaurant in downtown Iron Mountain is under new ownership, but customers can expect the same quality food that's been served there since they opened in 2010. Dan and Liz Paoli have taken over from Michael Christy, who had owned it for 11 years. "Mike came to ...