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Mortgage demand plummeted to a 28-year low as the average long-term rate creeped up toward 8%.

According to leading real industry group Mortgage Bankers Association, the average rate on the benchmark 30-year home loan climbed to 7.53% this week — the highest rate since 2000.

A separate report on Bankrate showed that Thursday’s average on a 30-year fixed mortgage rate was even higher, 7.88%.

The rate was 6.75% at this time last year and mortgages below 3% were offered at the start of 2021. The mortgage rate hasn’t hit 8% since 1995.

Mortgage applications and applications to refinance a home have stalled dramatically, falling 6% and 7% for the week, respectively, according to MBA.

“The purchase market slowed to the lowest level of activity since 1995, as the rapid rise in rates pushed an increasing number of potential homebuyers out of the market,” MBA’s deputy chief economist Joel Kan told The Post.

The higher rates add hundreds of dollars a month in costs for borrowers, limiting how much they can afford in a market already unaffordable to many Americans.

They also discourage homeowners who locked in low rates two years ago from selling.

The lack of housing supply also weighs on sales of previously occupied US homes, which are down 22.3% through the first seven months of the year versus the same stretch in 2022.

In response, Kan noted that applications for adjustable-rate mortgages increased, making up 8% of purchase applications — up from 6.7% a month ago when interest rates sat around 7%.

ARMs typically offer lower interest rates, though they’re fixed for shorter periods of time.

Mortgage rates have been rising along with the 10-year Treasury yield, which has historically been considered a key benchmark for mortgage rates.

Thus, as mortgage rates near 8%, the 10- and 30-year Treasury yields have also reached new heights, hitting 4.8% and 4.925%, respectively, on Tuesday — both the highest since 2007.

The advances could keep upward pressure on inflation, giving the Federal Reserve reason to keep interest rates higher for longer.

In August, US inflation rose 3.7% from 2022. Though it’s still above the Fed’s 2% goal, it’s a stark difference from June 2022’s four-decade peak at 9.1%.

Inflation’s substantial cooldown in recent months has forced many home sellers to slash their asking prices to lure in potential buyers.

Those who don’t slash their asking price risk selling at a loss. Last month, a report by real estate brokerage Redfin revealed that home sellers in America’s major cities are already doing this.

San Francisco sellers had it the worst, Redfin’s report showed, as they are a whopping four times more likely than the average US home seller to take a loss.

Detroit is home to the second-highest share of homeowners who take a loss in their home-selling transactions, at 6.9%, followed by Chicago and New York, where 6.5% and 5.9% of homeowners take a loss in selling their homes, respectively.

Though the share of New York homeowners who reported a loss was half that in San Francisco, the cities were tied for the largest median loss in dollars, at $100,000, Redfin found in a separate analysis.

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MLB playoff tracker: Tigers clinch postseason spot — what else is at stake?

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MLB playoff tracker: Tigers clinch postseason spot -- what else is at stake?

The final weekend of the MLB season is here — and there’s still plenty to play for!

In the National League, the Milwaukee Brewers and Chicago Cubs have both clinched postseason berths, with the Brewers also taking home the NL Central title. The Philadelphia Phillies have locked up the NL East title, and the Los Angeles Dodgers clinched their fifth straight NL West title on Thursday. The New York Mets beat the Marlins on Saturday and, with the Cincinnati Reds playing on the Brewers later Saturday night, they’re (momentarily, at least) back in the lead in the NL wild-card race.

In the American League, the Toronto Blue Jays became the first AL team to secure a playoff spot and the New York Yankees and Seattle Mariners joined them days later. While the Detroit Tigers clinched a postseason spot Saturday, in one the biggest twists of the 2025 season, the Cleveland Guardians have rocked the playoff picture with a September surge, emerging as a serious contender in the AL wild-card race and for the AL Central title.

Beyond division races, there are many storylines to watch as the regular season comes to an end and playoffs begin: Where do current playoff matchups stand? What games should you be paying attention to each day leading up to October? Who will be the next team to clinch a postseason berth? And what does the playoff schedule look like?

We have everything you need to know as the regular season hits the homestretch.

Key links: Full MLB standings | Wild-card standings


Who’s in?

Milwaukee Brewers

The Brewers clinched the season’s first playoff spot for a second consecutive year on Sept. 13 and followed up by securing their third straight NL Central title. They earned a bye in the first round and are playing for the NL’s overall No. 1 seed.

Philadelphia Phillies

The Phillies clinched a spot in the postseason on Sept. 14. With a win the following night, Philadelphia clinched the NL East title for the second straight year. On Wednesday, the Phils beat the Marlins to clinch a first-round bye and home-field advantage in the NLDS.

Chicago Cubs

The Cubs clinched their spot in the postseason on Sept. 17 and will be making their first playoff appearance in a full-length season since 2018. With a win on Saturday, they clinched home-field advantage in their wild-card series with the Padres.

Los Angeles Dodgers

With a win Thursday over the Diamondbacks, the Dodgers clinched the NL West title for the 12th time in the past 13 years. They will be the No. 3 seed in the NL and host the No. 6 seed in the wild-card series.

Toronto Blue Jays

The Blue Jays became the first AL team to secure a postseason berth with a with over the Royals on Sept. 21. They are currently tied with the Yankees for first place in the AL East — the division winner will earn a bye.

San Diego Padres

The Padres clinched their fourth postseason trip in six years with a walk-off win over the Brewers on Monday. They will travel to Chicago to meet the Cubs in the wild-card series.

New York Yankees

The Yankees became the second AL team to clinch a playoff spot with a walk-off win over the White Sox on Tuesday. They are currently tied with the Blue Jays for first place in the AL East — the division winner will earn a bye.

Seattle Mariners

The Mariners clinched their first postseason appearance since 2022 on Tuesday and, with a 9-2 win on Wednesday, won their first AL West crown since 2001. They earned a bye in the first round.

Boston Red Sox

With a win against the Tigers on Friday, Boston clinched an AL Wild Card berth. They will be the road team in one wild-card series.

Detroit Tigers

With a win in Boston on Saturday, Detroit clinched at least an AL Wild Card berth. They are still in play to win the AL Central.


Who can clinch a playoff spot next?

Upcoming clinch possibilities:

  • The Guardians can clinch today with a win OR a loss by the Astros

  • The Brewers can clinch the NL’s No. 1 seed and home-field advantage throughout the postseason today with a win OR a loss by the Phillies

  • The Blue Jays can clinch the AL East and the AL’s #1 seed Sunday with a win OR a loss by the Yankees

  • The Yankees can clinch the AL East and the AL’s #1 seed Sunday with a win AND a loss by the Blue Jays


What are this October’s MLB playoff matchups as it stands now?

American League

Wild-card round: (6) Tigers at (3) Guardians, (5) Red Sox at (4) Yankees

ALDS: Tigers/Guardians vs. (2) Mariners, Red Sox/Yankees vs. (1) Blue Jays

National League

Wild-card round: (6) Reds at (3) Dodgers, (5) Padres at (4) Cubs

NLDS: Reds/Dodgers vs. (2) Phillies, Padres/Cubs vs. (1) Brewers


Tiebreaker scenarios

AL East teams

Toronto Blue Jays

Win tiebreaker: Mariners, Red Sox, Yankees
Lose tiebreaker: Guardians

New York Yankees

Win tiebreaker: Mariners
Lose tiebreaker: Blue Jays, Guardians, Red Sox

Boston Red Sox

Win tiebreaker: Astros, Guardians, Yankees
Lose tiebreaker: Blue Jays, Mariners, Tigers

AL Central teams

Cleveland Guardians

Win tiebreaker: Astros, Tigers, Yankees, Blue Jays
Lose tiebreaker: Mariners, Red Sox

Detroit Tigers

Win tiebreaker: Red Sox, Astros
Lose tiebreaker: Guardians, Mariners

AL West teams

Seattle Mariners

Win tiebreaker: Tigers, Guardians, Red Sox
Lose tiebreaker: Blue Jays, Yankees

Houston Astros

Win tiebreaker: N/A
Lose tiebreaker: Guardians, Red Sox, Tigers

NL East teams

Philadelphia Phillies

Win tiebreaker: Dodgers
Lose tiebreaker: Brewers

New York Mets

Win tiebreaker: N/A
Lose tiebreaker: Reds

NL Central teams

Milwaukee Brewers

Win tiebreaker: Phillies
Lose tiebreaker: N/A

Chicago Cubs

Win tiebreaker: Dodgers
Lose tiebreaker: N/A
(Padres and Cubs tied season series, division record tiebreaker TBD)

Cincinnati Reds

Win tiebreaker: Mets
Lose tiebreaker: N/A

NL West teams

Los Angeles Dodgers

Win tiebreaker: Padres
Lose tiebreaker: Brewers, Cubs, Phillies

San Diego Padres

Win tiebreaker: N/A
Lose tiebreaker: Dodgers
(Padres and Cubs tied season series, division record tiebreaker TBD)


Breaking down the AL race

The Blue Jays are trying to hold for the AL’s No. 1 seed and division title. While Toronto has the tiebreaker in the AL East, the Boston Red Sox and New York Yankees are both headed to the postseason regardless. And the Seattle Mariners separated themselves from the Houston Astros in a two-team AL West race to win their first division crown since 2001. Meanwhile, the Cleveland Guardians are going toe-to-toe with the Detroit Tigers in the AL Central while also playing themselves into a tight race for the final wild-card spot.

And what about when these teams get to the postseason? Here’s what their chances are for every round:


Breaking down the NL race

The Brewers were the first MLB team to seal its spot in October, and the Phillies — who then sealed an NL East title — clinched next. A group of contenders have separated themselves atop the NL standings with the New York Mets and Cincinnati Reds battling for the final playoff spot, with the Dodgers (who won the division) and Padres headed to the postseason from the NL West.

And what about when these teams get to the postseason? Here’s what their chances are for every round:


Game of the day

Looking for something to watch today? Here’s the baseball game with the biggest playoff implications:


Playoff schedule

Wild-card series
Best of three, all games at better seed’s stadium

Game 1: Tuesday, Sept. 30
Game 2: Wednesday, Oct. 1
Game 3: Thursday, Oct. 2*

Division series
Best of five

ALDS
Game 1: Saturday, Oct. 4
Game 2: Sunday, Oct. 5
Game 3: Tuesday, Oct. 7
Game 4: Wednesday, Oct. 8*
Game 5: Friday, Oct. 10*

NLDS
Game 1: Saturday, Oct. 4
Game 2: Monday, Oct. 6
Game 3: Wednesday, Oct. 8
Game 4: Thursday, Oct. 9*
Game 5: Saturday, Oct. 11*

League championship series
Best of seven

ALCS
Game 1: Sunday, Oct. 12
Game 2: Monday, Oct. 13
Game 3: Wednesday, Oct. 15
Game 4: Thursday, Oct. 16
Game 5: Friday, Oct. 17*
Game 6: Sunday, Oct. 19*
Game 7: Monday, Oct. 20*

NLCS
Game 1: Monday, Oct. 13
Game 2: Tuesday, Oct. 14
Game 3: Thursday, Oct. 16
Game 4: Friday, Oct. 17
Game 5: Saturday, Oct. 18*
Game 6: Monday, Oct. 20*
Game 7: Tuesday, Oct. 21*

World Series
Best of seven

Game 1: Friday, Oct. 24
Game 2: Saturday, Oct. 25
Game 3: Monday, Oct. 27
Game 4: Tuesday, Oct. 28
Game 5: Wednesday, Oct. 29*
Game 6: Friday, Oct. 31*
Game 7: Saturday, Nov. 1*

* If necessary

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Sergei Lavrov warns NATO and EU countries over ‘aggression’ towards Russia

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Sergei Lavrov warns NATO and EU countries over 'aggression' towards Russia

Vladimir Putin’s top diplomat says Russia has no intention of attacking any NATO or EU member state but warned of a “decisive response” if any “aggression” was directed towards Moscow.

Sergei Lavrov, Russia‘s foreign minister of 21 years, was speaking in New York at the 80th UN General Assembly, where he said threats against his country by Western nations were becoming “increasingly common”.

He was expected to address allegations made against Moscow that it has violated the airspace of several of its neighbours in recent weeks, heightening tensions across Europe.

Estonia said Russian fighter jets flew into its airspace last week and remained there for 12 minutes, while a NATO air defence mission was recently carried out over Poland in response to “unprecedented” Russian drone incursions above the country.

Romania and Latvia also reported that single Russian drones had violated their airspace this month.

“Threats of force against Russia, accused of practically planning an attack on the North Atlantic Alliance and the European Union, are becoming increasingly common,” Mr Lavrov said in New York.

More on Nato

“President Putin has repeatedly debunked such provocations. Russia has never had and does not have such intentions, but any aggression against my country will be met with a decisive response.”

At the start of the week, US President Donald Trump told the UN that NATO nations should shoot down Russian planes in their airspace.

‘They will regret it’

After his UN address, Mr Lavrov held a news conference, where he insisted again that Moscow “has nothing to hide” over the allegations against it.

He was then asked by US correspondent Mark Stone what the Kremlin’s response would be if a nation shot down a Russian drone or plane in Russian airspace.

“Try to understand that a drone, when it is flying not over our territory, but if it crosses someone’s border but has left our airspace, probably everyone has the right to do with that drone whatever they consider necessary to ensure their security.

“But if there are attempts to shoot down any flying object, or indeed any object at all, on our territory, in our airspace, then I think people will seriously regret it, undertaking such a gross violation of our territorial integrity, our sovereignty.”

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Watch: Sergei Lavrov answers Sky News question in New York

‘Hypocrisy’ over Gaza comments

At the start of his UN speech, Mr Lavrov took time to criticise Israel’s actions in the Middle East, accusing it of trying to “blow up” the region and saying it had “no justification” for the “brutal killings” of Palestinians in Gaza.

“The illegal use of force against the Palestinians and aggressive actions against Iran, Qatar, Yemen, Lebanon, Syria and Iraq today threaten to blow up the entire Middle East.”

He also hit out at Israeli plans to annex the West Bank: “There is no justification for plans to annex the West Bank. This is essentially a coup d’etat in diplomatic terms.”

Israel has repeatedly claimed that it does not target civilians in Gaza and says its military actions across the Middle East are strategically vital for its self-defence.

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Mark Stone reflects on Sergei Lavrov’s UN address

Mark Stone said Mr Lavrov’s comments on Israel’s actions will be seen as highly hypocritical given Russia’s war in Ukraine which began in February 2022.

“Lavrov said Israel is bombing schools, it is bombing hospitals in Gaza,” Stone said.

“Well, remember Mariupol and the rest of those cities in Ukraine, where Russia has and continues to do just the same thing? There’s a certain hypocrisy there, for sure.”

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Donald Trump orders deployment of US troops to ‘war-ravaged’ Portland

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Donald Trump orders deployment of US troops to 'war-ravaged' Portland

Donald Trump has ordered the deployment of US troops to “war-ravaged Portland” in the state of Oregon, authorising the use of “full force” if needed.

The US president said he was directing US defence secretary Pete Hegseth to make the move in order to protect the city “and any of our ICE facilities under siege from attack by Antifa and other domestic terrorists”.

Mr Trump did not specify whether he would send in National Guard troops or the US military.

The move comes after a gunman opened fire on an Immigration and Customs Enforcement (ICE) field office in Dallas on Wednesday, wounding two detainees and killing another.

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Fatal shooting at ICE facility in Dallas

The ICE facility in Portland has been targeted by protesters since June, sometimes leading to violent clashes.

On Friday, the Department of Homeland Security (DHS) said demonstrators had “repeatedly attacked and laid siege to an ICE processing centre” there, adding that several arrests were made.

More on Donald Trump

“Rose City Antifa, a recently designated domestic terrorist organization, illegally doxed ICE officers. They published their home address online and on public flyers. Individuals associated with Antifa also sent death threats to DHS personnel,” DHS wrote on X.

Speaking in the Oval Office on Thursday, Mr Trump said “anarchy” was taking place in Portland.

He said: “You go out to Portland, people die out there. Many people have died over the years in Portland. Portland is, I don’t know how anybody lives there. It’s amazing, but it’s, it’s anarchy out there. That’s what they want. They want anarchy.”

In separate comments, Mr Trump said people were “out of control” in Portland and pledged to “stop that very soon”.

People protest against the Trump's immigration policies in Portland. Pic: Reuters
Image:
People protest against the Trump’s immigration policies in Portland. Pic: Reuters

ICE agents charge towards protesters in Portland. Pic: Reuters
Image:
ICE agents charge towards protesters in Portland. Pic: Reuters

After Mr Trump’s announcement, Oregon’s Democratic governor Tina Kotek said she was reaching out to the White House for more information.

“We have been provided no information on the reason or purpose of any military mission. There is no national security threat in Portland. Our communities are safe and calm,” she said.

Read more: Trump threatens to move World Cup games from ‘unsafe’ host cities

Portland’s mayor Keith Wilson said in a statement that the “number of necessary troops is zero, in Portland and any other American city”.

But Republicans supported the move. US labour secretary Lori Chavez-DeRemer, who previously served as a Republican house representative for an Oregon district, said she had seen how “lawlessness” had turned Portland into a “crime-ridden war zone”.

In a post on X, she thanked Mr Trump “for taking action to keep our ICE facilities protected and Make America Great Again”.

Trump has sent military troops to the Democratic-controlled cities of Los Angeles and Washington DC so far in his second presidency. He has also discussed doing the same in Memphis and New Orleans, which are also Democratic strongholds.

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