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. 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

Until July 31, you can secure the top nationwide CD rate of 6.00%, guaranteed until May 2025. That's from Nuvision Credit Union, but it is limited to a $5,000 maximum deposit. The runner-up rate is TotalDirectBank's 5.51% on a 3-month or 6-month certificate, with nine additional CDs guaranteeing 5.40% or better for 3 to 12 months.

Top CD Rates Today, July 16, 2024 - Lock In 6% Until Next Year, or 5.10% to 2026

HSBC cuts rates following similar moves by Barclays and NatWest.

Three big lenders cut mortgage rates

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

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?

Fox Business

Foreclosure filing for the first half of 2024 fell from the same time in 2023, but some states have seen alarming spikes so far this year, according to a new report.

These states have the highest foreclosure rates in the US

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

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

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?

The Conversation UK

The impact of higher mortgage costs is now biting hard. Three million UK households face the prospect of having to renew their mortgage within the next two years as their fixed-rate periods come to an end. While nearly two-thirds of all borrowers have already remortgaged at more expensive rates, a large number are still waiting to do the same.

Millions benefited from mortgages fixed at low prices – now many are struggling with much higher monthly payments

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

Americans report spending just under $55,000 on their home sale — a cost that surprised 64% of sellers, according to a new Clever Real Estate survey of 1,000 people who have sold a home since 2022. Selling a home is one of the most lucrative transactions in a person's...

Selling a Home Costs Nearly $55,000 in 2024

Rising home supply and anticipated lower mortgage rates to come will "open the floodgates" for a real estate market "boom," says RE/MAX's chairman and co-founder.

Real estate tycoon explains when house prices will start to drop and 'open the floodgates'

Dallas, TX

The "Million Dollar Listing" agent revealed the top five US cities where home prices are set to spike, from Atlanta to San Diego.

These are the 5 US cities you should buy a home in before you get priced out of the housing market, says 'Million Dollar Listing' real estate investor

Indiana State

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Franklin, IN

NewsByJoshua

A wave of closures is hitting Pizza Hut, a pizza chain known for its iconic slanted-roof buildings, with 6,775 locations feeling the pinch in the tough restaurant industry landscape.

A well-known pizza chain with over 6K locations has begun closing some of its stores

Here’s what to know about buying (or selling) a house this summer. Spring has come and gone, and despite high hopes for a rebound, the housing market remains in a slump. Will the dog days of summer finally bring change?. As of now, buyers and sellers face many of...

Summer Could Finally Bring Some Good News For Home Buyers, Experts Say

A big indication that we may be heading toward a severe economic downturn has been identified by Cox Automotive, as the overall number of car repossessions has increased by 23 percent over last year. Not only that, but the current repossession rate has even eclipsed pre-pandemic levels, with 2024 sitting about 14 percent higher than 2019 repossession numbers. Consumers are falling behind on their car payments, a trend which likely won’t slow down with inflation, higher car prices, and sky-high interest rates kicking American workers in the pocket book. In May the average American new car buyer was paying $760 per month for an auto loan, with 17 percent of car owners committing to a monthly payment over $1,000.

Higher car repossession rates aren't a great sign for the economy

Robert F. Kennedy, Jr. has an estimated net worth of $15 million, according to Forbes. His wealth consists of a combination of generational funds, investments, and real estate he owns along with his wife, "Curb Your Enthusiasm" actress Cheryl Hines. Before running for president as an independent candidate, RFK Jr....

What Is Robert F. Kennedy Jr.'s Net Worth?

California State

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

NewsBreak

US Economy News Today: Fed Officials See Interest Rate Cuts Getting Closer

Welcome to Investopedia's economics live blog, where we explain what the day's news says about the state of the U.S. economy and how that's likely to...

US Economy News Today: Fed Officials See Interest Rate Cuts Getting Closer

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