A new opioid proposed settlement. I'm David Brancaccio. A reconfigured $7.4 billion settlement with states has been reached with Purdue Pharma and its Sackler family owners over the opioid crisis. Marketplaces Nancy Marshall-Gensar. Join us now, Nancy.

Well, David, most of the money from the settlement will come from the Sackler family.

They'll pay up to $6.5 billion over 15 years.

Purdue Pharma will pay almost $900 million.

This is about the promotion of the highly addictive painkiller, Oxycontin?

Yeah, Pennsylvania's attorney general says the opioid crisis was fueled by what he called the deceptive marketing of Oxycontin.

Purdue has been accused of telling doctors there was very little risk of patients getting addicted to it.

The New York attorney general says the Sackler family, quote,

played a critical role in starting and fueling the opioid epidemic.

So is this thing final the settlement? No. It still has to be approved by a U.S. bankruptcy court.

Assuming it is, the Sacklers will no longer control Purdue Pharma. They won't be allowed to sell opioids in the U.S.

Purdue will still be overseen by a court monitor and it won't be able to lobby or market opioids.

In an emailed statement, Purdue told me it's extremely pleased that a new agreement has been reached that will deliver billions of dollars to compensate victims, abate the opioid

crisis, and save lives. This deal does not protect the Sackler family from future lawsuits,

unlike a previous settlement that was overturned by the Supreme Court last year. At that time,

the court said the Sacklers were not entitled to a blanket shield from liability.

Okay. The average 30-year fixed-rate mortgage rate is up at 7.12% according to Mortgage News Daily's calculation that is far from the low sixes we saw last September.

On Fridays, we check in with Christopher Lowe. He's chief economist at FHN Financial in

New York. Chris, mortgage rates are really long-term interest rates. I think we're going to see

long-term interest rates continue to go up no matter what the Fed does, because the Fed controls

overnight interest rates. They are still talking about the possibility

of cutting those rates, but long-term interest rates are determined by all kinds of factors,

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