As of 3 March, the average two-year fixed residential mortgage rate was 4.83%, according to financial information company Moneyfacts. A five-year rate was 4.95%.
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That populist convergence—where left and right alike turn on tech—becomes inevitable, in Karp’s telling, if AI companies strip white-collar workers of their livelihoods while simultaneously refusing to serve the military. He was pointed about who those workers are: “Primarily Democratic-shaped people that you might grow up with—highly educated people who went to elite schools, or went to schools that are almost elite, for one party.”