Business Insider

These are today's mortgage and refinance rates. Cooling inflation has helped mortgage rates fall, and they may drop further as the Fed cuts rates.

Mortgage Interest Rates Today, July 17, 2024 | Rates Are Down, and They Could Soon Go Even Lower

Money

The Federal Reserve is now widely forecasted to cut interest rates by September after new inflation numbers came in lower than expected. The latest consumer price index (CPI) report showed that inflation has cooled to a 3% annual rate, tying the lowest level since March 2021. Overall, prices declined 0.1% for the month.

Get Ready for Interest Rate Cuts in September, Analysts Say

The Federal Reserve raised interest rates aggressively starting in March 2022 to tame high inflation. That underpinned historic strength in the U.S. dollar versus many major global currencies like the euro and Japanese yen. American tourists enjoyed greater buying power abroad. The Fed expects to cut rates once in 2024...

The Fed may soon cut interest rates. That could make your next trip abroad more expensive

Markets Insider

The Federal Reserve risks prematurely cutting interest rates right as the US economy is poised to reaccelerate, Jim Bianco told CNBC. "The reason I suspect that we're going to have zero rate cuts is I don't think they're warranted. The economy is continuing to move along just fine," the Bianco Research president said on Friday, adding: "I suspect there'll be a second-half rebound."

The Fed shouldn't cut rates at all this year as the US is poised for a 2nd half rebound, macro strategist says

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?

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

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

Washington, DC

NBC News

Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., 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.

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

HONG KONG (Reuters) - The attempted assassination of Donald Trump has spawned a frenzy of online merchandise featuring a picture of the U.S. presidential candidate just after he was shot, with slogans such as "Bulletproof", "Legends Never Die", "Grazed but not Dazed", "Shooting Makes Me Stronger." With prices ranging anywhere...

Trump T-Shirts Go Viral: 'Grazed, but Not Dazed,' 'Legends Never Die'

Pennsylvania State

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Bucks County Beacon

With an assassination attempt on Donald Trump at a rally in Pennsylvania on July 13, 2024, the U.S. experienced another violent episode in its increasingly polarized politics. Former President Trump, who’s about to formally become the GOP nominee for president in the 2024 election, survived the attempted assassination when, initial reports said, a bullet grazed his ear . But one rally attendee was killed , more spectators were injured and the suspected gunman is also dead. The Conversation’s politics editor, Naomi Schalit, spoke with University of Massachusetts, Lowell, scholar Arie Perliger after the event. Perliger offered insight from his study of political violence and assassinations. Given the stark political polarization in the U.S., Perliger said, “it’s not a surprise that eventually people engage in violence.”

‘One Inch from a Potential Civil War’? Trump Shooting a Close Call for American Democracy

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

Wisconsin State

Appleton, WI

APPLETON, Wis. — For weeks, Washington insiders have been debating whether President Joe Biden should remain the Democratic nominee after a widely panned debate performance June 27. Many Democrats in Washington have expressed concern about Biden’s ability to convince voters that, at 81, he is capable of serving four more years.

Wisconsin Democratic Activists Still Back Biden Despite Age Concerns

New Jersey State

NEW YORK (Reuters) -U.S. Senator Bob Menendez was convicted on Tuesday on all 16 criminal counts he faced including bribery at his corruption trial in Manhattan federal court, completing the once-powerful New Jersey Democrat's dramatic downfall. Senior Democrats including U.S. Senate Majority Leader Chuck Schumer and fellow New Jersey Senator...

US Senator Menendez Convicted at Corruption Trial, Cementing Political Downfall

Fortune

Get ready for a bonanza of rate cuts from the Federal Reserve that starts in a few months and extends all the way into next summer, according to analysts at Citi Research. In a note on Friday, the bank cited fresh signs of a slowing economy for its view that the Fed will trim rates by 25 basis points eight times, starting in September and extending to July 2025.

The Fed could slash rates by 200 points over 8 straight meetings as the economy heads for a sharper downtrend, Citi says

Coral Gables, FL

Edmond Thorne

Tragic End for South Florida Hispanic Building Tycoon Sergio Pino. Fort Lauderdale, FL - In a shocking turn of events, prominent South Florida homebuilder Sergio Pino was found dead in his Coral Gables home on Tuesday morning. The Miami-Dade County Medical Examiner's Office confirmed that Pino died from an apparent suicide.

South Florida Tycoon Dead After FBI Raids on Homes and Office

Racine, WI

RACINE, Wisconsin (Reuters) - For workers at CNH Industrial's sprawling tractor plant just outside Racine, Wisconsin, debate over whether President Joe Biden or former President Donald Trump would do more to save their jobs from getting packed off to Mexico has turned into "friendly warfare." CNH, a multinational heavy-vehicle maker...

Union Workers at Downsizing Tractor Factory Weigh Biden Vs. Trump

Chicago, IL

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?

As I watched the news of the shooting of Donald Trump at a campaign rally, I remembered a song I used to sing growing up in an evangelical church in the 1980s. The simple, repetitive lyrics of "I’m in The Lord’s Army" went like this:. “I may never...

Fellow Evangelicals, Donald Trump is No Christian Martyr

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

Butler, PA

(Reuters) -Misinformation and conspiracy theories were spreading online after an assassination attempt on former U.S. President Donald Trump at a campaign rally on Saturday. Thomas Matthew Crooks, 20, was alleged to have shot at the Republican presidential candidate from a rooftop during the rally in Butler, Pennsylvania, wounding Trump's right ear. One spectator died and two others were injured.

We Fact-Checked Some of the Rumors Spreading Online About the Trump Assassination Attempt

NewsBreak

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

(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...

(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...

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

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