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Acura Mortgage

Camaro puts aggressive Acura back in its place

100% stock (right down to the paper air filter) 1993 LT1 powered Camaro automatic, out for a cruise after a couple base Dyno pulls, and ran into ...

Review: 2017 Acura NSX

The original NSX, amazing as it was, eventually became a historical relic, unable (or unwilling) to compete in the horsepower wars of the past decade . The 2017 model faces the challenge of living up to its predecessor, matching potent rivals, and delivering driving emotion before the machines take the wheel from humans.

Quarter-Century Cycle

In the 25 years since the first NSX drew auto enthusiasts to the east, hypercars from Ferrari, Porsche, and McLaren have evolved from thirsty, big displacement beasts to smart, sophisticated hybrids with all-wheel drive and bogglingly complicated drivetrains.

The 21st century take on the NSX , which starts at $156,000, follows the same path. Three motors join the mid-mounted, twin-turbo V6 in sending power to all four wheels. It’s a convincing package. The engine is good for 500 horsepower and the motors offer another 73, propelling the car to 60 mph in 2.9 seconds and a top speed of 191 mph.

All manner of computerized logic helps with acceleration, cornering, and lap times. There’s a lot of thinking to do. Just to cite one example, two of the three electric motors drive the front wheels, each operating independently to ensure torque goes exactly where it’s needed. During hard cornering, extra power goes to the outside wheel. Meanwhile, the motor driving the inside wheel flips into generator mode, slowing the wheel to make the car turn in faster and sending the recuperated kinetic energy to the battery.

Average 30-year mortgage rate falls to 3.62%

WASHINGTON - Average long-term U.S. mortgage rates fell this week as anxiety over the global economy persisted. Long-term rates resumed their decline after being unchanged last week following six straight weeks of easing.

Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year, fixed-rate mortgage slipped to 3.62% from 3.65% last week. That puts it well below the 3.80% it marked a year ago.

That was the lowest level for a 30-year fixed rate since early February of last year.

The average rate on 15-year fixed-rate mortgages declined to 2.93% from 2.95% last week.

Mortgage rates have continued to fall despite the Federal Reserve’s decision in December to raise the short-term rate it controls for the first time since 2006.

Global economic worries and turbulence in world stock markets have pushed up prices of U.S. government bonds as investors seek safety. That has depressed the yields on the bonds, which mortgage rates follow. The yield on the 10-year Treasury bond has dropped to strikingly low levels below the significant 2% mark.