Holiday Weather, Noose at Duke University, Should You Refinance? - Cleveland 19 News Cleveland, OH

Holiday Weather, Noose at Duke University, Should You Refinance?

Enjoy your holiday weekend. (Source: WOIO) Enjoy your holiday weekend. (Source: WOIO)
FRIDAY: Dry start but cloudy and we'll be tracking more showers coming P.M. HIGH: 58

FRIDAY NIGHT: Rains showers could chance to snow: flurries. Just a chance. LOW:32

SATURDAY: Maybe a Flurry or two to start….Partly cloudy and cold. HIGH: 42

SATURDAY NIGHT: Partly cloudy and chilly LOW: 35

SUNDAY: Mostly Cloudy. HIGH: 58

DURHAM, N.C. (AP) - The swift discovery of the person who hung a noose at Duke University leaves questions ranging from the student's identity to what punishment the person will face.
The university has begun disciplinary proceedings that could result in suspension or expulsion, while federal and state law enforcement officials are investigating whether the action constitutes a crime.
The university identified the person after several fellow students came forward with information, and the undergraduate student admitted to hanging the noose from a tree at a plaza in the heart of campus, university spokesman Michael Schoenfeld said Thursday.
Schoenfeld said the student has left campus but is still enrolled. He declined to describe the culprit's gender, race or whether the student had been in trouble in the past, citing privacy laws.
On Thursday, the plaza where the noose was hung teemed with students enjoying a sunny afternoon and discussing what happened.
Sarah Burks, a junior English major from North Carolina, said punishing the culprit is the right move but that it's not going to change a campus culture in which "there's definitely still a lot of separation between different groups." She says friends of hers have experienced racism on campus.
"There's nothing else they can do when something like this ends up on the front page of the New York Times. They have to find the person," she said of university administrators.

(WOIO) - Need some extra cash? If you own a home, you may want to consider refinancing. While interest rates have increased slightly since the big drop in 2012, they're still near historic lows. Check out these incredible savings.
Depending on your current financial situation, refinancing could be a smart move. Financial advisor Stuart Welch says it's an option he's been exploring with his clients. 
"Both the 15 and the 30-year mortgage rates are near historical lows, and they have recently drifted back down to that level. So that presents an opportunity for people that didn't refinance back in 2012, 2013, to get a second bite of the apple," he said.
The low rates have surprised Welch but he believes falling oil prices have played a role.
"What that's done is lower the cost of lots of goods and services. So what you're seeing is some deflation in prices and that is at least a factor in lower interest rates," Welch said.
Welch says it is hard to predict how long the low rates will stick around, but has this advice for anyone considering it.

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