Fresno, CA

Florida State

Orlando, FL

Markets Insider

Homebuyer cancellations are cropping up in Florida after a meteoric rise in home prices.

Florida's housing market is seeing 'nightmare scenarios' as buyers back out due to affordability concerns, Redfin says

The Motley Fool

For young home buyers, 4% mortgage rates may feel "normal," but they're not. Keep reading to learn whether you can count on them to be that low again.

Will Mortgage Rates Ever Be as Low as 4.00% Again?

Corcoran explains why homebuyers who wait for lower mortgages will end up paying more in the end.

Beware lower mortgage rates that could unleash a buying spree and push home prices higher, 'Shark Tank' investor Barbara Corcoran says

Charlotte, NC

Tampa, FL

Fox Business

A new report published by Realtor.com found that the share of available home listings that saw a price cut in July rose to the highest level in two years.

Home prices are finally starting to fall – and they dropped the most in these 3 cities

New York Post

US single-family homebuilding dropped to near a 1-1/2-year low in July due in part to Hurricane Beryl’s disruption of activity, but rising new housing supply could limit a rebound.

The fifth straight monthly decline in homebuilding reported by the Commerce Department on Friday suggested the housing market remained depressed at the start of the third quarter. 

Aside from the weather, the housing market remains constrained by higher mortgage rates and house prices.



“Even though lower interest rates should provide ongoing support to new home sales, the existing oversupply in some regional markets could be a bigger constraint than we previously anticipated,” said Paul Ashworth, chief North America economist...

Construction of new homes slumps for 5th straight month despite drop in mortgage rates

Housing prices across the U.S. have continued to rise, giving a record number of homes a seven-figure price tag,. Nearly one-in-ten, or 8.5%, of homes are now worth $1 million or more — the highest proportion of all time, according to Redfin data released Friday. That’s more than 8 million U.S. homes worth at least $1 million in June, up more than 10% from a year ago and more than double the share prior to the pandemic.

A record number of homes in America are now worth $1 million or more

CBS News

U.S. mortgage rates are now at their lowest point in 15 months and experts say they could continue to drop with the Federal Reserve expected to slash the federal funds rate next month. CBS News business analyst Jill Schlesinger has more.

U.S. mortgage rates in decline with Fed expected to cut interest rates next month

Lenders have been lowering their rates ahead of a hoped-for interest rate cut in August.

Mortgage rate hopes as one lender offers below 4%

For a 30-year fixed-rate mortgage, the average rate you’ll pay is 6.57% today, up 0.02% over the last week. The average rate for a 15-year fixed mortgage is 5.99%, which is a decrease of -0.01% from the same time last week. For a look at mortgage rate movement, see the chart below.

Good News for Mortgage Rates as Inflation Falls Below 3%. Today’s Mortgage Rates, Aug. 14, 2024

As mortgage rates fall, refinancing applications soared 34.5% last week to the highest level in over two years, according to the MBA.

Borrowers are rushing to refinance their mortgages as rates tumble to the lowest level in over a year

Money

June is generally a peak month for home sales, but you wouldn’t know it based on the record-high rate of contract cancellations last month. According to a recent report from real estate brokerage Redfin, 56,000 purchase agreements were canceled last month, or about 15% of all pending sales transactions. This is the highest cancellation rate for June since Redfin started tracking the metric in 2017. (The all-time high percentage of voided contacts occurred in March 2020, when pandemic quarantines went into effect and homebuyers canceled 17.6% of all sales contracts.)

Homebuyers Are Backing Out of Deals at a Record Pace

Mortgage rates are likely to come down before the end of the year -- but that drop may be minor. Here's how to snag the best rate either way.

Prediction: Mortgage Rates Will Drop Before 2025

Jacksonville, FL

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Jacksonville Today

A permanent marker will be erected to honor the victims of the racist mass shooting nearly a year ago at a Dollar General store in the New Town community. City Council approved the marker 17-0 on Tuesday night.

Marker will honor victims of racist Dollar General shooting

The states with Tuesday's lowest 30-year new purchase mortgage rates were New York, California, Texas, New Jersey, Alaska, Florida, Michigan, and Washington. Meanwhile, the states with the most expensive averages Tuesday were Washington, D.C., Vermont, West Virginia, Nebraska, North Dakota, Maryland, Iowa, and Wisconsin. Mortgage rates vary by the state...

Today's Mortgage Rates by State – Aug. 14, 2024

The 30-year mortgage rate average fell Tuesday, to 6.43%. That's its lowest level in a week, and is not far above the 16-month low of 6.28% that was registered last week. Averages for almost all mortgage rates moved lower Tuesday. National Averages of Lenders' Best Mortgage Rates. Loan Type New...

Mortgage Rates Fall to New 1-Week Low

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

The standard, 30-year fixed-rate mortgage averaged 6.49% this week, up slightly from the prior week’s level, Freddie Mac reported Thursday. But that’s still well below this year’s peak and the two-decade high last fall — and that appears to be enough to entice homeowners to refinance.

Homeowners are rushing to refinance their mortgages after rates finally dropped

Kentucky State

Northern Kentucky Tribune

This story was produced through a collaboration between the Daily Yonder , which covers rural America, and Climate Central , a nonadvocacy science and news group. On the day he would become homeless, Wesley Bryant was awoken by his wife, Alexis.

Some Kentuckians, like many rural Americans, are too poor to qualify for federal flood protections

The average rate on a 30-year mortgage edged higher this week, holding close to its lowest level in more than a year. The rate rose to 6.49% from 6.47% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.09%. After jumping to a 23-year high...

Average rate on a 30-year mortgage ticks up to 6.49%

Clovis, CA

Fowler, CA

Sanger, CA

Del Rey, CA

Parlier, CA

Selma, CA

Raisin City, CA

Caruthers, CA

Madera, CA

Biola, CA

Reedley, CA

Kingsburg, CA

Prather, CA

Friant, CA

Kerman, CA

NewsBreak

After Jobs and Inflation Reports, Will Interest Rates Fall for Fresno Homebuyers?

A dismal jobs report and tempered inflation have economists predicting a September interest rate cut. Mortgage rates for 30-year-fixed loans are at the lowest they've been...

After Jobs and Inflation Reports, Will Interest Rates Fall for Fresno Homebuyers?

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