The Federal Emergency Management Agency introduced will probably be sending nearly $37 million to Massachusetts to reimburse it for a few of the administrative prices related to managing FEMA grants for COVID vaccinations and testing, non-congregate sheltering, and offering meals to weak populations.
Former Rep. Lori Ehrlich introduced the funding that the Massachusetts Emergency Management Agency will obtain by FEMA’s Public Assistance grant program.
“FEMA is pleased to be able to assist Massachusetts with these costs,” Erhlich, FEMA’s Region 1 Regional Administrator, stated. “Reimbursing state, county, and municipal governments – as well as eligible non-profits and tribal entities – for the costs incurred during the COVID-19 pandemic is an important part of our nation’s ongoing recovery.”
FEMA stated it has supplied greater than $2.5 billion in public help grants to Massachusetts to reimburse the state for pandemic-related bills.
Mortgage charges slide sharply
U.S. mortgage charges dropped sharply, capping the most important four-week slide in almost a yr and spurring a contemporary spherical of functions to buy houses.
The contract charge on a 30-year mounted mortgage tumbled 20 foundation factors to 7.41% final week, information from the Mortgage Bankers Association confirmed Wednesday. The index of home-purchase functions elevated 3.9% within the week ended Nov. 17, probably the most since June.
Since reaching a 23-year excessive of almost 8% in mid-October, mortgage charges have plunged almost half a proportion level. The efficient charge, which incorporates charges and compound curiosity, dropped to still-elevated 7.59%.
The total index of functions, which incorporates purchases and refinancings, rose for a 3rd week, and refinancing exercise picked up.
Source: www.bostonherald.com”