Columbus, OH

TheStreet

Mortgage lenders see more homes bought and sold when — and if — the Federal Reserve starts cutting rates.

Mortgage rates just had a huge drop

HSBC cuts rates following similar moves by Barclays and NatWest.

Three big lenders cut mortgage rates

CBS News

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  The past couple of years have been tough for homebuyers. Just a few years ago, it was easy to find a mortgage loan with a 3% (or lower) rate, but as buyers rushed to take advantage of the cheap borrowing environment, it fueled an uptick in demand and drove up home prices. As the mortgage rate environment shifted post-pandemic, mortgage rates climbed, significantly reducing affordability and pushing many prospective buyers to the sidelines.It appears there's finally a glimmer of...

Mortgage rates are still falling. Here are 5 big moves to make now

While a majority of U.S. homeowners with mortgages continue to be locked into rates below 5%, the share with rates above 5% is growing steadily. As of May, 24% of homeowners with mortgages had a current interest rate of 5% or higher, according to ICE Mortgage Technology’s July 2024 Mortgage Monitor Report.

ICE: 24 Percent of Homeowners with a Mortgage Now Have a Rate Above 5 Percent

Business Insider

These are today's mortgage and refinance rates. Mortgage rates decreased last week thanks to slowing inflation, and they should trend down further soon.

Mortgage Interest Rates Today, July 14, 2024 | Rates Low After Dropping Last Week

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

The Independent

First Direct reduced the mortgage rates it is offering by up to 0.17 percentage points on Tuesday, following a slew of rate cuts by major lenders last week.The bank has cut rates across its range of two, three and five-year fixed repayment mortgages, for first-time buyers and home movers.The reductions include a cut on a two-year fixed-rate deal for people with a 15% deposit, which is now priced at 4.99%, down from 5.16%.Liam O’Hara, head of mortgages at First Direct said: “We’re pleased to be reducing our rates across our range of two, three and five-year fixed mortgages, across LTVs...

Bank cuts mortgage rates for first-time buyers and home movers as shake up begins

Markets Insider

Residential and commercial property prices could fall as much as 30% over the next few years, one strategist said.

The real-estate market is in for sharp correction with losses that could take a decade to recover from, strategist says

Mortgage rates are expected to slowly decline in 2024. You can take advantage by comparing loan offers from multiple lenders to get the lowest rate. Start by entering your information below to get a custom quote from one of CNET’s partner lenders. About these rates: Like CNET, Bankrate is...

Refi Rates Dip Since Last Week: Mortgage Refinance Rates for July 15, 2024

Rates were prepared to make a big move in one direction or the other heading into today's high stakes inflation data. Fortunately, the Consumer Price Index (CPI) came in quite a bit lower than expected, leading to a sharp decline in rates at the average lender. 30yr fixed rates had...

Mortgage Rates Drop Sharply After Inflation Data

Mississippi State

Farm equipment dealers across the country are seeing a decline in sales due to rising interest rates, high costs of restocking cattle and the effects of an election year. United States combine sales dropped 31% year over year in June, 2-wheel-drive tractor sales dropped 16.3% YoY and 4-wheel-drive tractor sales fell 1.3% YoY, according to an Association of Equipment Manufacturers report.

Interest rates, cattle prices shaping market, dealers say

Rates on 30-year new purchase mortgages fell Wednesday to their lowest level in two and a half weeks, dropping to a 6.84% average. It's a notable improvement after rates started July above 7%. Rates for most other mortgage types also moved down Wednesday. National Averages of Lenders' Best Mortgage Rates.

Mortgage Rates Drop to Lowest Level Since Mid-June

Is it darkest before the dawn? If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. But if we look at the data right now, things look the most bullish they’ve been all year. Good inflation data came in...

What happens to the housing market when mortgage rates finally come down?

The Associated Press

LOS ANGELES (AP) — The average rate on a 30-year mortgage fell slightly this week, providing modest relief for home shoppers facing record-high home prices. The rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.96%. The average rate...

Average rate on a 30-year mortgage falls slightly, easing borrowing costs for home shoppers

One in four sellers decreased the price of their home to entice buyers, a new Zillow report said. Home listings have increased as some sellers who were waiting for lower rates give up as high interest rates persist. Buyers remain on the fence even as mortgage rates start to wane...

Here's Why Some Home Sellers Are Cutting Prices

J. Souza

A fight between passengers marred the final night of a Carnival Cruise Line sailing on June 6th. The incident, which unfolded in the Lido Deck dining room onboard the Carnival Paradise, involved a group of women and resulted in thrown chairs and plates.

Cruise Ship Fight Near Buffet Captured on Camera, Passengers Banned for Life

Fortune

To everyone waiting on mortgage rates to fall, the time has sort of come. And while they’re nowhere near the historic lows that fueled the pandemic housing boom, they have lessened in recent months. On the back of last week’s inflation reading, mortgage rates “dropped to their lowest level since March,” according to an analysis from Redfin; the daily mortgage rate was 6.85%, at the time.

Mortgage rate waiting game means buyers gained more than $20,000 in purchasing power

Kentucky State

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Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Mortgage rates aren’t as good as they once were, but they’re as good once… as they ever were. The 30-year fixed-rate mortgage (FRM) averaged 6.89% Thursday, according to Freddie Mac’s Primary Mortgage Market Survey. That’s not as good as it was June 27, at 6.86%, and definitely not as good as it was once, in 2020.

Average Mortgage Rate Drops Six Basis Points From Last Week

NewsBreak

Mortgage Rates Holding at 3-Month Low

Rates on 30-year new purchase mortgages held steady Monday at 6.70%, their lowest average since early spring. This is a notable improvement after rates started July...

Mortgage Rates Holding at 3-Month Low

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