Storms Expected, Violence After MO Teen Shot By Police, Closing - Cleveland 19 News Cleveland, OH

Storms Expected, Violence After MO Teen Shot By Police, Closing Costs on the Rise

MONDAY: Mostly cloudy with some humidity with the chance of storms late in the day. High: 80

MONDAY NIGHT:  showers and storms overnight.  LOW: 65

TUESDAY: Cloudy with storms and showers. Rain could be heavy at times High: 78

FERGUSON, MO (CNN) - An escalating situation boiled over just outside of St. Louis late Sunday evening into Monday morning, as protesters filled the streets in response to the death of unarmed teen over the weekend. Businesses were looted on live television, and police said several people were arrested. The violence comes the day after police shot and killed 18-year-old Michael Brown. People who targeted an auto-parts store were caught on camera rushing out with car rims and other items. Crowds tore through a gas station, breaking glass and ripping apart the aisles. Others were caught on video grabbing what they could carry and taking off. Officials reported at least 1,000 people looting and said at least 20 police cruisers were damaged. "We're seeing a lot of windows being smashed, people running out with clothing," Mayor James Knowles said.

(CNN) - Homebuyers are landing great rates on their mortgages but paying more when it comes time to close. In some states, closing fees have spiked as much as 20 percent. The average cost of closing on a $200,000 loan was more than $2,500 in June. That's according to data from bankrate.com. That's 6 percent higher than last year and an increase for the second year in a row. But that nationwide hike is tiny compared to some markets. Texas, the state that topped the list for most expensive closings, rose 23 percent from a year ago. Another in the top 5, Wisconsin, posted a 28 percent increase. So why is closing so expensive? Since the mortgage crisis, regulators have set up new guidelines to make borrowing safer. Lenders now have to scrutinize things like credit history, excessive debt, and income level.

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 Julia Tullos, WOIO Assignment Manager

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