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Near lowest level of the year: The average rate on a 30-year U.S. mortgage fell again this week, slipping close to its low point so far this year. The decline brings the average long-term mortgage rate to 6.19% from 6.23% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.69%. This is the second straight weekly drop in the average rate after three straight increases. Read more from the Associated Press.
Modernizing: Boudreaux’s Jewelers will invest $4 million to expand and modernize its flagship Mandeville store, doubling its footprint and adding one of Louisiana’s largest on-site jewelry manufacturing studios. The company also operates locations in Metairie and Baton Rouge. The expansion will create two jobs and help retain 19 positions. See the full announcement from Louisiana Economic Development.
Grand opening: Bally’s Baton Rouge Casino entertainment complex will open at 6 p.m. on Saturday with a grand opening extravaganza. The opening marks the completion of Bally’s $141 million investment into downtown Baton Rouge. The complex features 25,000 square feet of Vegas-style gaming and a DraftKings sportsbook.
