For a 30-year fixed-rate mortgage, the average rate you’ll pay is 6.85% today, a decrease of -0.07% over the last week. The average rate for a 15-year fixed mortgage is 6.29%, which is a decrease of -0.12% since last week. For a look at mortgage rate movement, see the chart below.

Home Loan Rates Decline: Current Mortgage Interest Rates on July 22, 2024

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

Fox Business

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'

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%

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

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

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

If you receive Social Security benefits, you probably look forward to the fall, when you learn about the annual COLA increase for the following year and see how much more money you'll get per month. Each year, the Social Security Administration adjusts how much it pays in benefits to account...

Here's How Much Experts Predict Your Social Security Check Will Increase in 2025

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

North Carolina State

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Town Talks

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

Fox News

After President Joe Biden’s address to the nation on Wednesday night, multiple doctors shared their opinions about his perceived health based on his live speech.

Doctors react after Biden’s live address to the nation: A concerning ‘lack of emotion’

Business Insider

Despite polling on par so far with Biden, Harris is relatively unknown in China, where people see Trump winning as a foregone conclusion.

China finally agrees with Trump on something — they both think Kamala Harris can't win

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

Slowly but surely, the average mortgage rate continues to lose altitude, giving a little more hope to people who have been waiting to purchase a home. Freddie Mac reports the average 30-year fixed-rate mortgage fell to its lowest level since mid-March, dropping 12 basis points from last week, to 6.77%.

Mortgage rates fell for another week

New data published Tuesday by the National Association of Realtors shows that the median existing home sale price smashed another record high in June.

Home prices smashed another record in June as sales slump

New York Post

There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.

In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025. 

Should that happen, the S&P 500 could tumble to 3,750, which marks a 30% drop from current levels.

Stock market could drop 5% or more before end of 2024: Wall Street analyst warns

Berezin’s prediction hinges on the belief that the labor market will slow notably in coming months, which will weigh heavily on consumer spending...

US headed for a deep recession in near future as stocks could fall 30%, analyst warns

West Virginia State

Norfolk, VA

Four Virginians were confirmed to be onboard when the Titanic sank on April 14, 1912. Phillip Acts and Selini Decker, who lived a few blocks apart in Norfolk, died when the ship sank. Richmond native Robert Decker and Eloise Smith, who later moved to Richmond from West Virginia, survived.

There's a reason no remains from the Virginia Titanic victims will ever be found

Homebuyers shouldn’t expect market conditions to improve too much in the second half of 2024, with mortgage rates likely to remain elevated and supplies tight. Economists expect home prices will rise by about 4%, and mortgage rates to remain at about 6.5%, in the second half. Despite strong demand...

What to Expect in the Housing Market in the Second Half of the Year

Bucks County, PA

Doylestown, PA

Bucks County Beacon

More than 200 Democratic and Independent voters braved the sweltering heat Saturday for a chance to meet California Governor Gavin Newsom in a rally to support President Joe Biden and Vice President Kamala Harris’ reelection.

California Governor Gavin Newsom Visits Doylestown, Urges Bucks County to ‘Help Save Democracy’ in November

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?

NewsBreak

Homebuyers See Higher Rates Ahead of Fed Week. Today’s Mortgage Rates, July 25, 2024

The average 30-year fixed mortgage interest rate is 6.86% today, an increase of 0.03% over the last week. The average rate for a 15-year fixed mortgage...

Homebuyers See Higher Rates Ahead of Fed Week. Today’s Mortgage Rates, July 25, 2024

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