The states with the lowest 30-year new purchase mortgage rates Wednesday were Alaska, New York, Florida, Texas, California, Alabama, Hawaii, and Louisiana. Meanwhile, the states with Wednesday's most expensive rates were Washington, D.C., Vermont, Iowa, Indiana, South Carolina, South Dakota, and West Virginia. Mortgage rates vary by the state where...

Today's Mortgage Rates by State – Aug. 8, 2024

Business Insider

These are today's mortgage and refinance rates. Rates are trending down, following weak labor market data for July and a rough stretch for the stock market.

Mortgage Interest Rates Today, August 7, 2024 | 30-Year Rates Drop Below 6%

Reuters

NEW YORK (Reuters) - The average rate on the popular U.S. 30-year mortgage plunged to its lowest level since May 2023 this week, following days of market turbulence resulting from last week's softer-than-expected employment report.

U.S. 30-year fixed-rate mortgage plunges to lowest since May 2023, Freddie Mac says

Should you refinance your mortgage? Mortgage rates are down, but you'll need to make sure they've dropped enough for you to save on your mortgage payment.

Mortgage Rates Are Going Down. Should You Refinance Your Mortgage Now?

Mortgage rates have fallen to their lowest level since May 2023, causing a surge in demand for refinances. This week’s drop in mortgage rates is particularly attractive to homeowners who purchased last year when interest rates were at a more than two-decade high. Today’s average refinance rates. As...

Refinancing Your Mortgage Could Be Worth It Right Now. Today’s Refi Rates, Aug. 8, 2024

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Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

Primis Bank is offering a remarkable fee-free checking account that pays 6.00% APY. That outdoes even the best CDs and high-yield savings accounts, which currently max out at 5.50%. Primis' 6.00% Novus Checking rate is available to new customers who set up a monthly direct deposit of at least $1,200.

This Checking Account Pays 6.00%—And It’s Guaranteed for 6 Months

Polk County, FL

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Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire. A sample of more than a dozen industry professionals said they were quoting most borrowers in the high 5% to low 6% range on government loans and in the mid-6% range for conventional mortgages. Quotes vary based on credit scores, points and other factors.

Mortgage rates take a dive

LOS ANGELES -- A recent pullback in mortgage rates is spurring more homeowners to refinance their home loan and lower their monthly payments. The Mortgage Bankers Association's refinance index, which tracks home loan application volume, surged 16% last week from the previous week to its highest level in two years, the association said Wednesday.

Homeowners race to refinance as mortgage rates retreat from 23-year highs

Three more lenders have announced reductions in mortgage rates, responding accordingly to the recent Bank of England decision to lower the base rate by 25 basis points (bps). MPowered Mortgages has cut rates across its fixed rate range for the second time in a week, reducing rates by up to 37bps.

Another batch of lenders reduces mortgage rates

New Jersey State

Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

Royal Caribbean Cruises was identified as "best in class" among cruise operators by JPMorgan analysts in a research report Tuesday. The analysts added Royal Caribbean to its Analysts Focus List. JPMorgan noted that Royal Caribbean has said passengers are willing to pay more to travel with the cruise line. Shares...

Royal Caribbean Stock Jumps After JPMorgan's 'Best in Class' Label

Global credit rating agency DBRS Morningstar this week assigned a “good” rating to reverse mortgage industry leader Finance of America (FOA), reconfirming the ranking the company was assigned at a similar point last year. The rating is officially classified as “MOR RVO2” by Morningstar. The agency noted the...

FOA given ‘good’ reverse mortgage originator rating by DBRS Morningstar

South Carolina State

Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

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

Super Micro Computer reported fiscal fourth-quarter earnings that missed analysts' estimates and announced a 10-for-1 stock split. Revenue more than doubled year-over-year and came in slightly ahead of analysts' expectations, but the company's margins fell as costs rose, holding back profits. Super Micro Computer CEO Charles Liang said the company...

Super Micro Computer Misses Earnings Estimates, Announces 10-for-1 Stock Split

The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

Yesterday saw one of the largest single day mortgage rate increases in years, although there were more than a few caveats. We discussed those in greater detail in yesterday's update. Rather than attempt to condense and already-condensed explanation of esoteric market plumbing, here's the link in case you missed it: https://www.mortgagenewsdaily.com/markets/mortgage-rates-08062024.

Mortgage Rates Move Higher Again, But at a Much Gentler Pace

Morristown, NJ

NEWARK, N.J. – Sixteen individuals have been charged in connection with a widespread "grandparent scam" that defrauded elderly Americans out of millions of dollars. The charges were announced by U.S. Attorney Philip R. Sellinger.

16 Charged in Nationwide 'Grandparent Scam'; Millions Stolen

NewsBreak

Mortgage Refinance Rates Fall for a Fourth Day

The 30-year mortgage refinance rate average dropped another 3 basis points Friday, to 6.94%. That represents a decline of 52 basis points across last week. The...

Mortgage Refinance Rates Fall for a Fourth Day

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