NPR News: 08-28-2026 5AM EDT

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2026-08-28

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  • Live from NPR News in Washington, I'm Dave Mattingly.

  • Bodies continue to be found in Nepal following Wednesday's glacier collapse

  • that triggered mudslides and flash flooding along the border with Tibet.

  • The death toll has risen to at least 469. More than 1,500 people are still missing, including dozens of Americans.

  • Scientists are still examining what led to the wall of water.

  • They say satellite and other data suggest the floodwaters were caused by the chunk of glacier

  • temporarily damming a river, forcing water to surge downstream a few hours later.

  • Mortgage rates in the U.S.

  • Are at their highest levels in a year amid elevated inflation in the economy.

  • NPR's Stephen Bissaha says that's one reason Wall Street

  • will be watching today's speech by the chairman of the Federal Reserve.

  • The average 30-year fixed-rate mortgage is 6.66%, according to Freddie Mac.

  • Mortgage rates are largely influenced by the bond market,

  • which has been shaken over concerns about government debt and inflation.

  • That's why bond traders will be watching new Fed chair Kevin Warsh's speech in Jackson Hole, Wyoming, closely.

  • Everyone's going to be, you know, it's early in the morning, but everyone will have their popcorn out to watch.

  • Jeff DeGurion is Loan Depot's chief investment officer.

  • They want to see...

  • Hey, if inflation picks back up again like everyone's worried about, what are you going to do?

  • The Fed's preferred inflation gauge showed prices rose at an annual rate of 3.7 percent in July.