Fox Business

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

New home sales in June came in at an annual, seasonally-adjusted rate of 617,000, according to data released jointly by the US census and housing departments. That was below the 621,000 rate in May, according to Wednesday's revised figures, and under the 640,000 projected by analysts. "Many potential buyers are...

US new home sales dip in June, missing estimates

Rates on 30-year new purchase mortgages dipped Tuesday, after slightly rising the two previous days. The flagship average is now 6.77%. Though still a bit above the three-month low registered last week, the current average is a notable improvement from the 7%-plus rates we saw early in July. Rate movement for most other mortgage types was also mildly down Tuesday.

Mortgage Rates Inch Down, Keeping Well Below 7%

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

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

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

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

Motor1.com

A study shows cars are being repossessed at a shockingly high rate through the first half of 2024, exceeding pre-pandemic levels. Car prices have skyrocketed in recent years. Not everyone can afford those monthly payments, a new study shows. Recent data from Cox Automotive shows auto repossessions are up 23 percent compared to last year. That's a significant jump, taking repos to levels not seen since before the COVID-19 pandemic.

Auto Repossessions Are Soaring

West Virginia State

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Norfolk, VA

Cheryl E Preston

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

After a day of selloffs, the Dow Jones Industrial Average surged over 500 points in the afternoon on Thursday, driven by strong performances from tech giants such as IBM and Salesforce. However, the gains were short-lived, as the Dow and other indexes declined once again. Suggested Reading. As the day...

After gaining 500 points, the Dow falls by the end of the day

North Carolina State

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

Illinois State

Chicago, IL

Foodie in Chicago

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

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?

Kiplinger

The S&P 500 and Nasdaq also scored wins Tuesday albeit with much smaller gains than the blue chip Dow.

Stock Market Today: Dow Spikes 742 Points After UnitedHealth Earnings

Virginia State

Roanoke, VA

Daily Detroit News reports that bedbugs can be transported during travel, and studies suggest that residents in the Commonwealth are hesitant to report or talk about bedbug infestations.

Richmond, Roanoke, and Norfolk, Virginia, are alleged to have a high level of bedbugs

In Virginia, Drinking in public or offering another person alcohol in a public space is prohibited. This is a class 4 Misdemeanor punishable by a fine of up to $250.00. Under a new law that goes into effect on July 1, this will change to a degree.WDBJ7 reports that the prohibition on drinking or offering an alcoholic beverage to someone else in public will no longer apply under the following conditions.

Drinking in public will no longer be prohibited on private Campgrounds in Virginia beginning July 1

California State

In a concerning trend for California, numerous large companies are gearing up for significant layoffs, affecting thousands of workers across various industries. According to the WARN Tracker, California has seen a staggering 37,086 WARN layoffs this year alone, impacting 713 businesses statewide.

Concerns Rise as Massive Layoffs Hit California

Business Times

AT&T, one of the largest telecom operators in the United States, reported second-quarter results on Wednesday that exceeded Wall Street's expectations for wireless subscriber additions, driven by strong demand for its higher-tier unlimited plans. This news sent the company's shares up by 4% in premarket trading.

AT&T Beats Expectations with Subscriber Surge, But Faces Challenges

Denver, CO

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David Heitz

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

CBS News

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  After a brief stabilization period, gold's record-breaking year is back. In March, gold prices hit an all-time high of $2,160 per ounce and then repeated the feat in April, surpassing the $2,259 mark for another milestone achievement. The price of gold then soared to $2,435 on May 20, before adjusting to spot prices around $2,300 in June. But then, just when it appeared that gold's price had stabilized, it jumped to $2,493 on July 17, its latest record-setting price in 2024....

When will gold prices hit $3,000 per ounce? Here's what experts think

NewsBreak

Weekly Mortgage Rates Ticked Up, but Overall Trend Remains Down

Mortgage rates edged slightly higher in the week ending July 25, but are still near...

Weekly Mortgage Rates Ticked Up, but Overall Trend Remains Down

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