| Volume 141 Number 47 |
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The People’s Lawyer’s Tip of the Day
National Cybersecurity Awareness Month is here to remind us how to stay safe and secure from real threats – malware and scammers. Click here for more.
Mortgage Rates Hit Highest Level Since 2011
The sudden rise in Treasury bond yields that has roiled the stock market is also proving costly to homebuyers who haven't locked in an interest rate. The average rate on the 30-year fixed-rate mortgage is 4.76 percent this week, according to Bankrate, after hitting 5 percent the week before. That's the highest level in seven years. Click here for more.
Your Money
Retired workers and other Social Security recipients will see a 2.8 percent increase in their benefits next year due to inflation. That will bring the monthly paycheck of the average beneficiary to $1,461, just $39 higher than the current average payment. Though the difference may seem modest, it's the highest increase for social security checks in seven years. Click here for more.
For the Lawyers
President approves prohibition on pharmacy “gag clauses.” President Trump signed a pair of bills designed to ban the practice of hiding lower prescription drug costs from patients, the federal government said Wednesday. The President signed the Patient Right to Know Drug Prices Act, S. 2554, and the Know the Lowest Price Act of 2018, S. 2553, which ban the use of so-called "gag clauses." These clauses prevent pharmacists from proactively letting customers know if the out-of-pocket cost of a medication is less than what they would pay with insurance. The ban on the clauses applies to both Medicare plans and private insurance plans. Click here for more.