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

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

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

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

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

Norman Villamin, group chief strategist at UBP, discusses what a a second Trump administration would mean for global markets and monetary policy.

Trump trying to signal to markets he will be supportive of status quo, strategist says

The Social Security Administration is upgrading its "my Social Security" personal accounts online. The goal is to provide a simpler login experience and more secure online access, the agency said. But first, some users may have to log in and transition their current accounts. The Social Security Administration is updating...

Why the Social Security Administration may want you to update your personal account online

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

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

High interest rates and tight housing supply are hurting both homebuyers and sellers. The extent of the residential real estate crisis varies widely from state to state, and in some top states, climate risks are also rising. Because companies consider the residential real estate market when deciding where to locate,...

These are America's 10 best states for buying and selling a home in 2024, with a big caveat at No. 1

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

California State

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Alabama State

Birmingham, AL

When Jen Barnett and Brett Andrews started seriously thinking of leaving the U.S., they had a few parameters for their new home. The couple from Birmingham, Alabama, wanted to live in a place not too far from the beach, that had a strong middle class, where politics leaned progressive, and maybe most importantly, where people enjoyed a high quality of life for a lower cost of living.

American couple left the U.S. for Mexico and lives on $3,000 per month: What they say is cheaper

North Carolina State

Durham, NC

Town Talks

A popular Triangle restaurant is closing another one of its locations. Beyu Caffé shared on social media it is shutting down its Boxyard RTP location. This comes weeks after closing its downtown Durham restaurant.

Popular North Carolina restaurant announces closure of another one of its locations

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

(Reuters) - The Federal Reserve is "getting closer" to a point where it can start cutting interest rates but will lack sufficient data before its July meeting to confirm inflation is on a sustainable path back to 2%, New York Fed President John Williams said in an interview published on Wednesday.

Fed's Williams Suggests Rate Cut Could Be Warranted in Coming Months, WSJ Reports

A U.K.-based organization supporting parents who are not giving their children smartphones was founded in February and has expanded internationally to the U.S., Canada, and more. The popularity of the movement is driven by research showing the link between mental health issues in children and smartphone and social media use.

A growing number of parents are refusing to give their children smartphones — and the movement is going global

Trailer Empire

In a significant shift, mortgage rates have started to retreat from their recent highs, responding to the latest job market data. This development comes as bond market investors grow increasingly confident that the Federal Reserve will cut rates in September.

Mortgage Rates Retreat as Job Growth Slows

Washington, DC

Powell referenced the idea that central bank policy works with "long and variable lags" to explain why the Fed wouldn't wait for its target to be hit. The central bank is looking for "greater confidence" that inflation will return to the 2% level, Powell said. The Fed's next policy meeting...

Powell indicates Fed won't wait until inflation is down to 2% before cutting rates

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NewsBreak

Mortgage refinance demand jumps to a 2-year high, as interest rates drop

Applications to refinance a home loan jumped 15% last week compared with the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming...

Mortgage refinance demand jumps to a 2-year high, as interest rates drop

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