Columbus, OH

Business Insider

These are today's mortgage and refinance rates. As mortgage rates drop over the next couple of years, you may be able to save by refinancing.

Mortgage Interest Rates Today, July 23, 2024 | As Rates Go Down, Refinancing Could Help Borrowers Save

Lenders have been lowering their rates ahead of a hoped-for interest rate cut in August.

Mortgage rate hopes as one lender offers below 4%

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

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

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

Orlando, FL

June is generally a peak month for home sales, but you wouldn’t know it based on the record-high rate of contract cancellations last month. According to a recent report from real estate brokerage Redfin, 56,000 purchase agreements were canceled last month, or about 15% of all pending sales transactions. This is the highest cancellation rate for June since Redfin started tracking the metric in 2017. (The all-time high percentage of voided contacts occurred in March 2020, when pandemic quarantines went into effect and homebuyers canceled 17.6% of all sales contracts.)

Homebuyers Are Backing Out of Deals at a Record Pace

WashingtonExaminer

Existing home sales fell in June for the fourth month in a row as median sales prices hit record levels, bad news for the housing market and the broader economy. Existing home sales in June fell a notable 5.4% to a seasonally adjusted annual rate of 3.89 million, the National Association of Realtors reported on Tuesday, as higher mortgage rates and home […]

Bad housing market news: Existing home sales plunge as prices hit record

Money Week

The building society’s cheapest deal is now priced at 3.99%. Whether you’re buying or remortgaging, we look at whether rates could drop further in the coming months

Nationwide cuts mortgage rates as they dip below 4% for first time since February

Fox Business

A new report published by Redfin shows that a growing number of buyers are backing out of deals to buy a house due to high mortgage rates and steep prices.

Homebuyers are getting cold feet

The last time the aurora borealis graced the skies of the US was back in May, when nearly half the country could see the scenic northern lights, with some areas enjoying the view for almost a week straight. If you missed that event, get your cameras ready. Another solar outburst is on its way toward Earth, and it'll cause the breathtaking aurora borealis to appear on Wednesday night as far south as New York and Idaho.

Aurora Borealis Will Make Its Return on July 24 for 1 Night Only

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

July's Supplemental Security Income payment was the typical monthly payment that recipients expect, but August and September will be a bit different. We'll explain why below. Also, if you didn't know, you might be getting a boost to your checks later this year. SSI benefits are managed by the Social...

SSI Beneficiaries Are Getting Two Payments in August. Here's Why

The 30-year refinance mortgage rate average dropped to 7.22% Tuesday. That's a decline of 13 basis points after hitting a two-week high the day before. Refi rates on 20-year and 15-year loans also fell, while jumbo 30-year refinance rates increased. National Averages of Lenders' Best Rates - Refinance. Loan Type...

Mortgage Refinance Rates Fall for Most Loan Types

After the last few years of skyrocketing home prices and elevated mortgage rates, Americans have been feeling overwhelmingly dejected about their prospects of buying a home. But there are now signs that maybe, just maybe, the worst could be over for homebuyers.

The worst may be over for homebuyers

CBS News

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  While inflation has cooled in the past few months, at 3.0%, the current inflation rate remains above the Federal Reserve's target rate of 2%. As a result, the Fed has kept its benchmark rate elevated. And while mortgage rates have also fallen slightly in the past few months, today's average 30-year mortgage rate is 6.86% (as of July 22, 2024) — a rate that remains significantly higher than the sub-3% mortgage rates many buyers locked in during the pandemic.Because...

3 mortgage moves to make before the July Fed meeting

The average 30-year fixed-rate mortgage was 6.77% for the week ending July 18, according to Freddie Mac's latest Primary Mortgage Market Survey.

Mortgage rates lower as talk of interest rate cuts intensify: Freddie Mac

Benzinga

The anticipation of Federal Reserve rate cuts is starting to have a favorable impact on the real estate mortgage market. 
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased by 13 basis points to 6.87% for the week ending July 12, 2024, down from 7% the prior week, as reported by the Mortgage Bankers Association Wednesday. 
This decline represents the most significant drop in borrowing costs in around four months and the lowest rate since early March. 
Fed Rate Cut Bets, Lower Treasury Yields Push Mortgage Rates Down
The reduction was largely propelled...

Fed Rate Cut Expectations Drop Mortgage Rates To 4-Month Lows: Surge In New Applications, Refinance Demand

The last Social Security Disability Insurance payments for the month of July are headed out soon. If you expect to receive a check this week or aren't sure what week you should expect your payment, we'll break it down below. If you still haven't received your June SSDI check, here's what you can do.

SSDI July 2024: This Is When You'll Get Your Money

Latin Times

President Joe Biden quickly endorsed his VP, Kamala Harris, after dropping out as candidate in the 2024 elections. However, while Harris has received other shows of support from Democrats since, it is not clear that the party will unanimously unite behind her. Some figures are favoring holding a "mini primary"...

Biden endorsed Harris after dropping out, but AOC has warned there is no consensus within the party

Learn about the latest trends in mortgage rates, current market conditions, and predictions for future shifts. Are mortgage rates going down in 2024?

Current Mortgage Trends: Are Mortgage Rates Going Down?

NewsBreak

Home Loan Rates Inch Up a Week Before Fed Meeting. Today’s Mortgage Rates on July 24, 2024

The average 30-year fixed mortgage interest rate is 6.87% today, up 0.01% over the last week. The average rate for a 15-year fixed mortgage is 6.32%,...

Home Loan Rates Inch Up a Week Before Fed Meeting. Today’s Mortgage Rates on July 24, 2024

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