Columbus, OH

CBS News

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  While inflation has been cooling over the last few months, it has remained higher than the Federal Reserve's 2% target rate for the last few years. In turn, the Fed has held interest rates steady since raising the benchmark interest rate to a range between 5.25% and 5.50% in July 2023. While the elevated rates have weighed down the housing market, they've been a boon for savers who want to open certificates of deposit (CD) accounts with higher annual percentage...

Will a CD still be worth it after the Fed cuts rates? Experts weigh in

With interest rate cuts from the Federal Reserve on the horizon, it could be a good time to shift cash, experts say. While many investors are getting 5% yields on money market funds, that will fall once the Fed starts cutting interest rates. Rates for high-yield savings and certificates of...

Here are some money moves to make before the Fed starts cutting interest rates

Since 2022, refinancing activity has gone down in response to surging mortgage rates. But with inflation normalizing and the Federal Reserve positioning itself to cut interest rates next month, mortgage rates should gradually decline. As that happens, more homeowners, especially those with high rates on their home loans, will benefit from a refinance.

Refinance Activity Surges as Rates Fall. Today’s Refi Rates, Aug. 15, 2024

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

For most of June and July, CD shoppers could score a top nationwide rate of 6.00% APY. But that stellar offer is now gone. Today's best CD rate is 5.40%, available for 5 months. But you can lock in a return of 5.00% or better on terms up to 3 years.

Will the Best CD Rates Reach 6% Again?

Las Vegas, NV

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Bellingham Metro News

LAS VEGAS, NEVADA - A magnitude 4.4 earthquake struck areas near Las Vegas on Tuesday night, according to the United States Geological Service (USGS). The quake, which occurred at 8:06 p.m., was centered approximately 45 minutes from Las Vegas, near Indian Springs.

Magnitude 4.4 Earthquake Shakes Areas Near Las Vegas

24/7 Wall St.

The Federal Reserve was unlikely to cut rates next week, but Wall Street anticipates a September reduction. Investors are largely expecting an easing cycle to begin, with more interest rate cuts from the Fed materializing in 2024 and 2025. Stocks recently surged on this anticipation, as investors price in what this will mean for stocks […]
The post Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to Soar appeared first on 24/7 Wall St..

Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to Soar

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

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) fell slightly to 6.54% from 6.55%. The refinance share of mortgage activity increased to 48.6% of total applications from 41.7% in the previous week. Applications for a mortgage to purchase a home rose just...

Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year

North Carolina State

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Eden, NC

Town Talks

North Carolina is the 28th largest state by area but boasts the seventh-highest number of counties in the country. If you’re searching for an affordable place to call home in North Carolina, you’re in luck. This diverse and picturesque state offers a range of options that won’t break the bank.

North Carolina City Has Been Named the Cheapest Place to Live in The State

Multiple reports on Thursday depicted weakness in the manufacturing and industrial sectors of the economy. Manufacturing activity is often used as a measure of economic growth, as high consumer demand will cause factories to produce more goods. Some areas of weakness in the sector can be traced back to the...

Here's Why Manufacturing Was Down in July

Business Insider

These are today's mortgage and refinance rates. Mortgage rates dropped a lot this week, and they're expected to fall further in the coming months.

Mortgage Interest Rates Today, August 10, 2024 | Rates Plunged This Week

The 30-year mortgage rate average fell for a second day Wednesday, lowering to 6.37%. That's now less than a tenth of a point above the 16-month low that rates registered last week. Most other new purchase mortgage rates also moved lower Wednesday. National Averages of Lenders' Best Mortgage Rates. Loan...

Mortgage Rates Dip Again, Nearing Last Week's 16-Month Low

Raleigh, NC

Big cities are known for their hustle and bustle, drawing people in who crave excitement, variety, and entertainment. But bigger isn’t always better, or at least not for Raleigh, North Carolina.

North Carolina City Named The Most Boring Town in the State

Home Depot (HD) shares are falling in premarket trading after it cut its 2024 comparable sales outlook; investors are waiting for July wholesale inflation data as one factor that may determine the Federal Reserve's path to cutting interest rates ahead of tomorrow's closely monitored consumer inflation numbers; shares of Alphabet (GOOGL) are rising before Google unveils its latest artificial intelligence (AI)-powered Pixel smartphones at its Made By Google launch event; China's weak economy is putting pressure on global oil demand, according to the International Energy Agency (IEA); and Barrick Gold (GOLD) shares are pulling back slightly after surging 9% Monday. U.S. stock futures are mostly higher ahead of the wholesale inflation data and as AI star Nvidia (NVDA) extends gains after jumping 4.1% Monday. Here's what investors need to know today.

5 Things to Know Before the Stock Market Opens

The S&P 500 was up 1.6% on Thursday, Aug. 15, 2024, as a strong retail sales report underscored the resilience of U.S. consumers. Ulta Beauty shares soared after Warren Buffett's Berkshire Hathaway revealed a position in the cosmetics retailer. SEC filings showed executives at credit score provider Fair Isaac (FICO)...

S&P 500 Gains and Losses Today: Ulta Beauty Surges as Berkshire Divulges Stake

Mississippi State

Hinds County, MS

Mississippi News Group

A Mississippi Attorney has been charged with multiple Counts of introducing contraband into a Correctional Facility as well as consipiracy according to a press release from Hinds County Sheriff Tyree Jones.

Mississippi Attorney Charged with 3 Counts of Introducing Contraband into a Correctional Facility

Allstate sold its Employer Voluntary Benefits business to StanCorp Financial Group for $2 billion. The insurance company said the decision was part of its effort to sell its three Allstate Health & Benefits units. The news sent Allstate shares up by 4% to an all-time high Wednesday, putting the company...

Allstate Sells Its Employer Voluntary Benefits Unit; Stock Jumps To Record

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

Forbes Advisor

Rates on savings accounts are mixed compared to one week ago. You can now earn 5.84% or higher on your savings. In the market for an account where you can save for a rainy day or retirement? Here’s a look at some of the best savings rates you can find today.

High-Yield Savings Account Rates Today: August 7, 2024

NewsBreak

Top CD Rates Today, Aug. 14, 2024 - Lock In 5.00% or More, for as Long as 2027

The best CD rates have been edging lower in anticipation of Fed rate cuts, but seven nationwide offers still pay at least 5.30%. After declining Monday,...

Top CD Rates Today, Aug. 14, 2024 - Lock In 5.00% or More, for as Long as 2027

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