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?

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%

Business Insider

These are today's mortgage and refinance rates. Mortgage rates are down significantly this week as markets anticipate big cuts from the Fed this year.

Mortgage Interest Rates Today, August 8, 2024 | Rates Are Way Down, and They Should Fall Further Soon

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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In today’s economy, financial stability can often feel elusive. Whether due to unexpected job loss, medical expenses, or other unforeseen financial challenges, many homeowners find themselves struggling to keep up with their mortgage payments. This is where asking for a mortgage reduction can become a vital step in maintaining your financial health. By understanding the process and benefits of a mortgage reduction, you can make an informed decision that could potentially save your home and improve your financial situation.

Why you should ask your mortgage company for a rate reduction

New Jersey State

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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

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

CBS News

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  On top of record-high home prices, a high interest rate environment has made it too expensive for many Americans to purchase a home. According to the Federal Reserve, the median sales price in the U.S. is $412,300, roughly 30% higher than in 2020. Meanwhile, 30-year fixed-rate mortgage rates have remained elevated for the past couple of years.However, the mortgage market has seen positive signs recently, with average mortgage rates hitting a four-month low in July. According to Freddie Mac,...

Will mortgage rates continue to drop this August? Here's what experts say

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

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

Refinancing applications surged last week as homeowners pursued lower borrowing costs amid a decline in interest rates. Refinancing activity rose 16% from the week prior and comprised a greater share of total mortgage applications, which increased 6.9%, the Mortgage Bankers Association said Wednesday. Refinancing activity last week was nearly 60%...

Homeowners Rush To Refinance As Mortgage Rates Drop

It's Thursday and thus time once again for a side-by-side glimpse at our actual daily average 30yr fixed mortgage rate and the weekly survey-based rate from Freddie Mac. The latter is widely reported and re-reported on Thursdays with multiple news outlets likely conveying the same message to prospective mortgage borrowers e.g. "Mortgage Rates See Biggest Drop in 8 Months" and the like.

Mortgage Rates Are NOT Lower This Week

Los Angeles, CA

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Herbie J Pilato

Adam Rich was born on October 12, 1968, lived a troubled life, and died on January 7, 2023, at only 54 years old. This is his story. He lived in the Granada Hills area of Los Angeles with his parents and younger brother. The Rich family resided for a time in Florida where Adam studied acting at the local gym.

A Look Back at the Tragic Life and Death of Former Child Star Adam Rich (TV's 'Eight is Enough')

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 on Friday. A sample of more than a dozen industry professionals said they were quoting most borrowers in the high 5% to low...

Mortgage rates plummet, changing everything — for now

The Independent

More sub-4% mortgage deals are set to enter the market this Thursday, in what one finance expert described as a “promising sign” for borrowers.The Bank of England base rate was cut last week from 5.25% to 5%, but lenders had already been slashing rates in the weeks leading up to the move.Barclays Mortgages is making cuts to mortgage rates which will come into effect from Thursday, including a 3.83% Premier five-year fixed rate for home buyers with a 40% deposit, which has a £899 product fee, available to its eligible Premier Banking customers.The previous rate on the product was 4.03%.Another...

Even more sub-4% mortgage deals are now on the market

South Carolina State

Explore Beaufort SC

The mantis shrimp is one tough customer. Beautiful and deadly are two words you don’t typically use to describe shrimp, but the mantis shrimp is definitely in a class of its own; earning a reputation as the ‘savage boxer of the sea’ and one of the most fearsome creatures in the ocean. And, they're right at home here in South Carolina.

Savage Boxer of the Sea: The Deadly Beauty of Mantis Shrimp

NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

The average 30-year fixed rate mortgage peaked in this latest cycle of Fed interest rate hikes at just under 8%. That was back in October 2023, according to Freddie Mac. Rates hovered right around 7% for a good part of this year. But with the job market slowing and inflation...

Mortgage rates fall in anticipation of a Fed rate cut

Fox Business

The Federal Reserve signaled that a September rate cut is on the table, but would-be homebuyers are likely to continue facing mortgage rates above 6%.

Interest rate cuts are on the horizon, but high mortgage rates could be here to stay

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

NewsBreak

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

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...

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

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