Mortgage rates hit another all-time low

If it seems like you keep hearing about mortgage rates hitting yet another record low, that’s because you are. The 30-year mortgage rate just hit its eighth record low so far this year.

The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88% this past week, according to Freddie Mac. That’s the lowest level in the nearly 50 years of the mortgage giant’s survey. The 15-year fixed-rate mortgage dropped to 2.44%

The low rates give potential home buyers more purchasing power and should strengthen demand in the real estate market, Freddie Mac said.

howard rudzkiPosted inHistorical

Moderna and COVID-19 Vaccines

Moderna Inc, an American biotech company focused on drug discovery, said that the U.S. government’s Biomedical Advanced Research and Development Authority (BARDA) has committed an additional $472 million in funding to support scaling up of manufacturing and clinical development of its novel coronavirus vaccine.

That additional commitment would support late-stage clinical development including the expanded Phase 3 study of the Company’s mRNA vaccine candidate (mRNA-1273) against COVID-19.

The total value of the award is now approximately $955 million from the BARDA, including $483 million which the U.S.-based drugmaker received in April.

Moderna said it remains on track to be able to deliver approximately 500 million doses per year and possibly up to 1 billion doses per year, beginning in 2021 from the company’s internal U.S. manufacturing site and strategic collaboration with Lonza.

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Virus vaccine put to final test in thousands of volunteers

What Howard Rudzki Says:

Here’s the best of America

The world’s biggest COVID-19 vaccine study got underway Monday with the first of 30,000 planned volunteers helping to test shots created by the U.S. government — one of several candidates in the final stretch of the global vaccine race.

There’s still no guarantee that the experimental vaccine, developed by the National Institutes of Health and Moderna Inc., will really protect.

The needed proof: Volunteers won’t know if they’re getting the real shot or a dummy version. After two doses, scientists will closely track which group experiences more infections as they go about their daily routines, especially in areas where the virus still is spreading unchecked.

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About Moderna:

Moderna is an American biotechnology company focused on drug discovery, drug development, and vaccine technologies based exclusively on messenger RNA. It is headquartered in Cambridge, Massachusetts. Twitter.

Hertz Has To Sell 182,000 Cars by 2021

empty car rental parking area at miami airport

KIKE CALVO

The long-awaited bulk sale of 182,521 cars will take place over the course of the rest of the year, with a deadline set for December 31st, in order to fund an agreed $650 million in other lease-related debts. The number is a step up from the 144,000-car shedding Hertz had proposed last month, but leaves the company with a large enough fleet to maintain a viable business when it emerges from bankruptcy into a world that will, hopefully, involve enough routine travel for rental cars to be a viable business enterprise.

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Formula 1 Won’t Hold Races in the U.S., Canada, Mexico, or Brazil This Year

What Howard Rudzki Says:

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f1 austin

CLIVE MASON / GETTY IMAGES
Welcome to The Grid, R&T’s quick roundup of the auto industry and motorsports news you should know this morning.

Formula 1 has called off plans to hold races in the Americas this year, citing the growing spread of the coronavirus in all three countries as the reason for the decision.

The races will be replaced with events in Europe to minimize travel, with upcoming races confirmed at the Nürburgring Grand Prix circuit, which hasn’t held a race since 2013, Imola, and Portimao in Portugal.

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U.S. Grand Prix

The United States Grand Prix is a motor race that has been held in the U.S. on and off since 1908, when it was known as the American Grand Prize. The race later became part of the Formula One World Championship. As of 2019, the race has been held 49 times, and it has taken place at 10 different locations in total.

Inspiration From Ray Dalio

https://media.hagerty.com/media/wp-content/uploads/2020/07/Morgan-Plus-8-and-72-Datsun-240Z-Koby-1536×941.jpg Of these exhibitions, the most famous is “The Red Room,” displaying more than 40 red sports cars from around the world. Most vehicles are owned by the museum but it accepts donations and long-term loans for the collections. FULL ARTICLE

From Haynes International Motor Museum “Founded in 1985 by the creator of the famous Haynes Manuals John Harold Haynes OBE, Haynes International Motor Museum is one of the South West’s prime tourist attractions. This world class motor museum displays more than 400 vehicles, and is enjoyed by over 125,000 people a year. Open 361 days of the year, visitors often stop to refuel at our Café 750, serving freshly cooked, local produce. Our Museum shop is also the perfect place to pick up something quirky for any car enthusiasts with its leading range of souvenirs and merchandise. Visit our website for more information.” What Howard Rudzki Says: This post should be read by all. These are words of wisdom. The evolutionary process is about discovering people’s likes and dislikes as well as their strengths and weaknesses; it occurs when people are put into jobs they are likely to succeed at, but in which they have to stretch themselves. Each person’s career will evolve based on what we all learn about what the person is like. To see this principle in action, check out this week’s Case of the Week: #principleoftheday Get Rays Dalios Ap Ray Dalio “This is your personal evolution.” Here’s how it works. “Step one is to know your goals and run after them,” Dalio says in the series. “What is best for you depends on your nature, so you need to really understand yourself and know what you want to achieve in life.” May 9, 2018 Works written: Principles Raymond Thomas Dalio is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank’s retirement fund. Wikipedia

Haynes International Motor Museum

You probably know ex-RAF officer John Haynes (1938-2019) as the man behind the popular repair workshop motor manuals. He once said that his book publishing was very good to him, and that Haynes International Motor Museum was his way of giving something back. (The museum is an educational trust.) Opened in 1985 under the direction of Richard Noble, who is known for breaking the land speed record in 1983 at a velocity of 633.468 mph, the Haynes International Motor Museum is located the village of Sparkford in the heart of rural Somerset, U.K. It is a living and working environment with over 400 superb cars, bikes, and motoring memorabilia from around the world in collection displayed in 19 individual exhibitions. Staff call it a “Museum in Motion.”

What Howard Rudzki says:

I’ve been lucky enough to visit this museum twice and I highly recommend if you are in the area to visit.  It’s an amazing collection.

Of these exhibitions, the most famous is “The Red Room,” displaying more than 40 red sports cars from around the world. Most vehicles are owned by the museum but it accepts donations and long-term loans for the collections.
FULL ARTICLE


From Haynes International Motor Museum

“Founded in 1985 by the creator of the famous Haynes Manuals John Harold Haynes OBE, Haynes International Motor Museum is one of the South West’s prime tourist attractions. This world class motor museum displays more than 400 vehicles, and is enjoyed by over 125,000 people a year. Open 361 days of the year, visitors often stop to refuel at our Café 750, serving freshly cooked, local produce. Our Museum shop is also the perfect place to pick up something quirky for any car enthusiasts with its leading range of souvenirs and merchandise. Visit our website for more information.”