The average interest rate for a standard 30-year fixed mortgage is 7.01% today, down -0.04% since one week ago. The average rate for a 15-year fixed mortgage is 6.45%, which is a decrease of -0.12% compared to a week ago. For a look at mortgage rate movement, see the chart below.

Mortgage Rates Continue to Improve After Fed Week. Today’s Mortgage Rates for June 17, 2024

PYMNTS

Real-time payments continue to advance globally. Banks, FinTechs, corporates and governments are all pursuing initiatives to accelerate payments for their citizens and customers. Real-Time Payments in the United States. In the U.S., digital banking platform Ibanera has incorporated the Federal Reserve’s FedNow® Service to offer these faster payments nationwide. This...

Global Real-Time Payments to Top $58T by 2028

Business Insider

These are today's mortgage and refinance rates. The latest inflation data suggests that we could get a Fed cut soon, which is good news for mortgage rates.

Mortgage Interest Rate Today, June 30, 2024 | Rates Should Trend Down Further This Year

HSBC cuts rates following similar moves by Barclays and NatWest.

Three big lenders cut mortgage rates

The Center Square

(The Center Square) – More companies are declaring bankruptcy and shutting down operations, citing inflation and high costs. Inflation and the economy remains a top issue among all voters, according to a recent The Center Square Voters' Voice Poll.
                Retailers are closing nearly 3,200 stores this year, according to a recent analysis from CoreSight Research. The closures are a 24% increase from 2023.
                U.S. drug stores and pharmacy closures led...

More companies announce bankruptcies, shutter operations, citing inflation

Paying with paper checks at Target will soon be a thing of the past. The retailer said it will stop accepting personal checks at its stores later this month, according to a recent report by the Minneapolis Star-Tribune. “Target is committed to creating an easy and convenient checkout experience, and...

Target Says Time’s Up For Paying With Paper Checks

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

NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

Vroom, the online used car dealer that discontinued its eCommerce operations in January, has reportedly agreed to a proposed settlement that would include it paying $1 million that would be refunded to consumers. The Federal Trade Commission (FTC) said in a Tuesday (July 2) press release that Vroom agreed to...

FTC Says Vroom Agrees to $1 Million Settlement

Gloucester County, NJ

Franklinville, NJ

Morristown Minute

FRANKLINVILLE, N.J. -A Gloucester County, New Jersey, man admitted today that he defrauded the government of more than $200,000 in Social Security and Medicaid benefits, U.S. Attorney Philip R. Sellinger announced.

Man Guilty of $200K Social Security & Medicaid Fraud

Illinois State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Chicago, IL

Chicago Happenings

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

CBS News

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  While inflation has cooled off over the past few months, today's inflation rate of 3.3% is still higher than the Federal Reserve's 2% target rate. As a result, the Fed, which was once expected to cut rates multiple times this year, has kept rates paused at a 23-year high instead to fight back against persistent inflation. In turn, experts now predict that only one rate cut will happen later this year.Because rates remain elevated, today's mortgage rates are relatively...

How a 2024 Fed rate cut will affect mortgages, according to experts

Mastercard is expanding its partnership with Dubai-based retail conglomerate LuLu Group. The collaboration, announced Friday (July 5), will extend across the markets of Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates and newly-added Saudi Arabia, integrating Mastercard’s expertise into Lulu Group’s operation. “The partnership will introduce revamped features...

Mastercard and LuLu Collaborate on Cardless Payments

Quitman, GA

Vanishing Georgia

This South Georgia Grocery Company was a wholesaler established by Samuel Stevens Rountree (1855-1952) in 1903. The company eventually had seven locations and Rountree divided into several independent businesses, including Capital City Grocery Company of Tallahassee, Rountree Grocery Company of Americus, and a branch in Waycross. He also owned controlling interest in one of South […]

South Georgia Grocery Company, 1924, Quitman

The Synapse bankruptcy case had another court hearing on Wednesday (July 3), this one with consumers testifying to their financial losses and another status report filed by trustee Jelena McWilliams. In an “urgent” supplement to her fourth status report, the former FDIC chair put the spotlight on a time-sensitive dispute...

Synapse Trustee Fights to Retain Crucial Data

Markets Insider

The stock market is in for a correction, as a trio of unfavorable factors will weigh on equity prices, according to Sam Stovall, chief investment strategist of CFRA Research. The Wall Street veteran pointed to the strong performance of stocks so far this year, with the S&P 500 up 15% in 2024. However, the benchmark index is poised to dip 5%, he predicted, thanks to the bearish setup in interest rates, inflation, and stock valuations.

A stock market correction is coming as rates, inflation, and valuations darken the outlook for investors, strategist says

Mashreq has launched a new application programming interface (API)-enabled instant payment solution for its corporate and institutional clients in the United Arab Emirates (UAE). This new offering is integrated with the Central Bank of the UAE’s (CBUAE) Aani or Instant Payments Platform (IPP), facilitating low-value payments for corporates in real...

Mashreq Launches API-Enabled Instant Payments for Corporate Clients in UAE

New Jersey State

NEW JERSEY - A New Jersey man, Aron Puretz, pleaded guilty today to engaging in an extensive, multi-year conspiracy to fraudulently obtain over $54.7 million in loans and to acquire multifamily and commercial properties through fraudulent means.

NJ Real Estate Investor Guilty in $54.7M Mortgage Fraud

USA TODAY

Fed Chair Jerome Powell said he wants to see more evidence inflation is falling sustainably to officials' 2% goal before cutting interest rates.

Powell says Fed waiting on rate cuts for more evidence inflation is easing

About a year after its launch, Threads has topped 175 million monthly active users. “Threads now has more than 175M monthly actives. What a year,” Meta Founder, Chairman and CEO Mark Zuckerberg said in a Wednesday (July 3) post on the text-based social media platform. Built by Meta’s Instagram...

Threads Gains 175 Million Users in First Year

There’s a lot to love about OneMain Holdings stock. The high-interest-rate environment has hurt lenders, as borrowers are less inclined to assume new debt or refinance existing debt. And, depending on what you believe, interest rates will likely start to fall later this year, extending into 2025 and 2026....

OneMain Holdings Stock: 8.62%-Yielder to Ride Lower Rates

NewsBreak

Interest Rates Prompt Major Firms to Scale Back Supply-Chain Finance Programs

In response to higher interest rates, several major companies have reportedly made the decision to reduce the size of their supply-chain finance programs. This financing option,...

Interest Rates Prompt Major Firms to Scale Back Supply-Chain Finance Programs

Comments / 0