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

Forbes Advisor

Mortgage refinance rates stayed flat today. The current 30-year, fixed-rate mortgage refinance rate is averaging 7.39%, according to Curinos, while 15-year, fixed-rate refinance mortgages average of 6.54%. For 20-year mortgage refinances, the average rate is 7.17%. Refinance Rates for July 16, 2024. 30-Year Fixed Refinance Interest Rates. The current 30-year,...

Mortgage Refinance Rates Today: July 17, 2024—Rates Hold Steady

The 30-year new purchase mortgage rate average edged back down to 6.70% Wednesday, its lowest average since early spring and a notable improvement after rates started July in 7% territory. Rate movement was minor for most mortgage types Wednesday. National Averages of Lenders' Best Mortgage Rates. Loan Type New Purchase...

Mortgage Rates Fall Back to 3-Month Low

Pennsylvania State

Bethel Park, PA

The FBI continues to search for a motive after identifying the man who authorities said tried to assassinate former President Donald Trump at a Pennsylvania rally. Authorities identified the shooter as Thomas Matthew Crooks, 20, of Bethel Park, Pennsylvania. He was killed by at least one Secret Service sharpshooter after firing multiple shots at Trump at a campaign rally on July 13 in Butler, authorities said.

New details emerge on alleged shooter at Trump rally

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

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

Source: Streetwise Reports (7/17/24) After hitting a year-high 7.22% in May, the average 30-year fixed mortgage rate has fluctuated, but some experts said it finally seems to be inching down this month, Forbes Advisor reported on Friday. "The rate rose . . . in early July, reaching 6.95% in the...

How to Take Advantage of Possible Drops in Mortgage Rates

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

Here's a rundown of Best Buy's biggest discounts from its Black Friday in July promo. Today's the final day, so grab them while they're still active.

Best Buy's Anti-Prime Event: 34 'Black Friday in July' Deals You Don't Want to Miss

24/7 Wall St.

Home prices are at an all-time high in the United States. After rising year-over-year for 11 consecutive months, the median sale price of existing homes hit a record-breaking $419,300 in May 2024, according to a new report from the National Association of Realtors. High prices are largely attributable to a lack of inventory, as high […]
The post Cities Where Home Prices Are Actually Falling appeared first on 24/7 Wall St..

Cities Where Home Prices Are Actually Falling

Fox News

Donald Trump can fundamentally alter his image and improve the stature of the U.S. throughout the world with a ringing endorsement of our values, our culture, and the urgency of unity.

Trump could effectively end the 2024 race this week. This is how it could happen

Home prices are projected to increase in 2025. While it is only halfway through 2024, experts are already developing opinions about the 2025 housing market. According to Fast Company, which cites data from the ResiClub blog, most experts predict an average 2.5% rise in home prices during 2025. Goldman Sachs predicts the highest increase at 4.4%, while Moody's is the most conservative, expecting only a 0.3% rise. Beyond 2025, Goldman Sachs anticipates that home price growth will align with the historical average of 4.5% per year, while Moody's expects prices to remain relatively flat.

Here’s What Experts Are Predicting for the US Housing Market in 2025

CBS News

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  When inflation hit a decades-high in June 2022, interest rates soon followed. Following multiple hikes from the Federal Reserve, the federal funds rate hit its highest point in decades last July – and it has remained untouched since that point. Against this backdrop, rates on borrowing products surged as well, with mortgage rates rising to their highest point since 2000. Homebuyers looking for their dream home and homeowners looking to refinance, then, were stuck with few options.But the rate...

3 homeowner types who should consider refinancing their mortgage 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 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

Reuters

NEW YORK (Reuters) - The average interest rate on the popular U.S. 30-year fixed-rate mortgage fell to its lowest level since mid-March this week, a welcome development for a housing market struggling to find its footing and one that may continue if the Federal Reserve cuts rates as expected in the months ahead.

Key U.S. mortgage rate drops to lowest since March, Freddie Mac says

Amid expectations that the Federal Reserve will cut benchmark interest rates in the coming months, analysts at investment banking company Jefferies anticipate that mortgage rates could reach 6.5% at the end of 2024 and 5.75% in 2025, unlocking $2.7 trillion in refinancing opportunities. “Recent economic data supports a path toward...

Lower rates could support a $2.7T refinance rally: Jefferies

I'm not a car girl, but I definitely have a few accessories in the trunk of my car that I can't do without. And one of the most important ones is just $70 on Amazon -- still discounted by 30% after the Prime Day Sale. This story is part of...

Dead Car? You Definitely Need This Portable Jump Starter, 30% Off Post Prime Day Sale

You can earn up to 5.35% APY with today’s best CDs. Experts predict Fed rate cuts could happen as early as September. Banks are already lowering CD APYs in anticipation, making now the time to secure a high rate and protect your earnings. The clock is ticking on high...

Best CD Rates Today -- Don’t Wait to Lock in One of These High APYs, July 17, 2024

NewsBreak

Homebuying Picks Up As Rates Fall: Today’s Mortgage Rates on July 18, 2024

The average 30-year fixed mortgage interest rate is 6.83% today, down -0.14% compared to one week ago. The average rate for a 15-year fixed mortgage is...

Homebuying Picks Up As Rates Fall: Today’s Mortgage Rates on July 18, 2024

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