Martinsville City Council on Tuesday tabled a vote on the city’s proposed $122 million budget and scheduled another work session for June 8 amid debate over a proposed real estate tax increase and rising costs. The budget includes increasing the tax rate from 75 cents to 84 cents per $100 of assessed value, higher trash fees, and a 6% electric rate adjustment. Officials said further cuts could reduce city services, while residents raised concerns about transparency, accountability, and the city’s long-term financial outlook.
A ”For Sale” sign is outside a residential home in Oro Valley, Ariz., Dec.12, 2025. (Michael Yanow/NurPhoto via Getty Images)
(NEW YORK) — Mortgage rates have climbed to their highest level since September as fallout from the Iran war ripples through financial markets, Freddie Mac data on Thursday showed.
The average interest rate for a 30-year fixed-rate mortgage jumped to 6.46%, continuing a weeks-long surge since the war began on Feb. 28, during which time mortgage rates have increased nearly half a percentage point.
Mortgage rates remain slightly lower than this time a year ago, when the average rate for a 30-year fixed mortgage stood at 6.64%.
The recent spike in borrowing costs risks further strain on U.S. households as they weather elevated gasoline prices.
The rise in mortgage rates owes to a jump in U.S. Treasury yields as investors fear a bout of inflation in response to the Middle East conflict.
High bond yields make borrowing more expensive for average Americans, since 10-year Treasury rates influence the rates offered for a variety of loans, including mortgages and credit cards.
Since bonds pay a given investor a fixed amount each year, the specter of inflation risks higher consumer prices that would eat away at those annual payouts. In turn, bonds often become less attractive in response to economic turmoil. When demand falls, bond yields rise.
The yield on a 10-year Treasury bond, meaning the amount paid to a bondholder annually, stands at about 4.31%, about 0.35 percentage points higher than pre-war levels.
“Mortgage rates have risen as bond market yields have sought to price in the risk of higher inflation in the future,” Mark Hamrick, senior economic analyst at Bankrate, previously told ABC News.
Last week, bond yields soared close to levels reached in the aftermath of President Donald Trump’s “Liberation Day” tariffs in April 2025, when the 10-year Treasury yield peaked at around 4.5%.
Bond yields eased in recent days as Trump signaled a possible off-ramp from the war with Iran.
CSA astronaut Jeremy Hansen and NASA astronauts Reid Wiseman, Christina Koch, Victor Glover speak with ABC News from the Orion spacecraft as it heads to the moon, April 2, 2026. (NASA)
(NEW YORK) — The Artemis II mission launched on Wednesday, taking four astronauts on a historic, 10-day mission around the moon and giving them views of a lifetime along the way.
A day after lift-off, ABC News’ Gio Benitez spoke with astronauts Reid Wiseman, Victor Glover, Christina Koch and Jeremy Hansen from their Orion spacecraft about the journey so far, and what they are anticipating for the days ahead.
“I don’t know what we all expected to see … but you could see the entire globe, from pole to pole,” Commander Wiseman said of the crew’s view of Earth from space Thursday.
“You could see Africa, Europe, and if you looked really close, you could see the northern lights. It was the most spectacular moment, and it paused all four of us in our tracks,” he added.
This mission marks the first time humans have flown beyond low-Earth orbit since the Apollo 17 mission that landed on the moon in 1972.
The crew is going on a 685,000-mile journey around the moon, also known as a lunar fly-by.
The launch on Wednesday was seen around the world, as the crew successfully lifted off at 6:35 p.m. ET from the Kennedy Space Center in Florida.
Hansen, mission specialist and part of the Canadian Space Agency, said that even though they were all expecting it, when the rocket boosters actually lit up and they left the launch pad, “there’s just a moment of disbelief.”
“The fact that we launched — it just totally takes you by surprise, even though you’re expecting it, at least for me anyway, and just had a huge smile across my face,” he said.
Koch, a mission specialist who holds the record for the longest single spaceflight by a woman at 328 days, addressed the toilet issue onboard the spacecraft, which was reported after launch.
‘”I’m proud to call myself the space plumber,” Koch said. “I like to say that it is probably the most important piece of equipment on board.”
Crew members said at the time that the Orion capsule’s toilet, dubbed the Universal Waste Management System, had a blinking fault light while they tested it, but it had been resolved since.
“So we were all breathing a sigh of relief when it turned out to be just fine,” Koch said.
Glover, the mission pilot who will make history as the first person of color to go to the moon, said from high Earth orbit, the divisions of Earth are far out of view.
“Trust us, you look amazing, you look beautiful,” he said of Earth. “You also look like one thing. Homo sapiens is all of us, no matter where you’re from or what you look like. We’re all one people.”
“We call amazing things that humans do ‘moonshots’ for a reason, because this brought us together and showed us what we can do when we not just put our differences aside, when we bring our differences together and use all the strengths to accomplish something great,” Glover said.
Before speaking with ABC News on Thursday, the Artemis II crew successfully completed a critical milestone in the mission, the translunar injection burn that boosted the Orion spacecraft out of Earth’s orbit onto a trajectory toward the moon.
During a press conference after the maneuver, Lori Glaze, acting associate administrator at NASA, said that the critical translunar injection burn was “flawless.”
“From this point forward, the laws of orbital mechanics are going to carry our crew to the moon, around the far side and back to Earth,” Glaze said.
