Baseball signed Zelenskyy fetches $50,000 at auction in Boston; Mortgage rates continue to rise

A baseball signed by Ukrainian President Volodymyr Zelenskyy has sold at auction for more than $50,000, part of which will be used to provide humanitarian aid to Ukrainians displaced by the national war with Russia, RR Auction said on Thursday. Boston.

The winning bid for Rawlings Major League baseball at the auction that ended Wednesday was more than three times the expected sale price.

RR Auction will donate its $15,000 share of the sale, while seller Randy Kaplan will also donate an undisclosed portion of his proceeds, to provide humanitarian aid through the global nonprofit lucrative Americares.

Documents signed by British naturalist Alfred Wallace, inventor Nikola Tesla, Albert Einstein and founding fathers John Hancock and John Adams were also sold at the same auction.

Mortgage rates continue to climb, up to 5.3%

Average long-term mortgage rates in the United States rose slightly again this week, with interest on the key 30-year loan at its highest level since 2009.

Mortgage buyer Freddie Mac reported on Thursday that the 30-year rate had climbed to 5.3% from 5.27% last week. On the other hand, the average rate stood at 2.94% a year ago.

The Federal Reserve stepped up its fight against the worst inflation in 40 years last week by raising its benchmark interest rate by half a percentage point and signaling further significant rate hikes to come. The Fed’s move, its most aggressive since 2000, will drive up the costs of mortgages as well as credit cards, auto loans and other borrowing for individuals and businesses.

On Thursday, the government announced that U.S. producer prices rose 11% in April from a year earlier, a sizable gain that indicates high inflation for consumers and businesses will persist in the coming months.

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