Columbus, OH

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Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

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. Mortgage rates are at a six-month low thanks to expectations that the Fed could soon cut rates.

Mortgage Interest Rates Today, August 2, 2024 | Rates Fall in Anticipation of Coming Fed Cuts

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

The Motley Fool

Mortgage rates are likely to come down before the end of the year -- but that drop may be minor. Here's how to snag the best rate either way.

Prediction: Mortgage Rates Will Drop Before 2025

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%

CBS News

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  Mortgage interest rates plummeted during the pandemic in 2020 and 2021, with rates on 30-year mortgage terms as low as 2.71%. But as the pandemic waned and inflation surged, the Federal Reserve raised its federal funds rate numerous times. That eventually led to the rate hitting a range between 5.25% and 5.50%, its highest point in 23 years. Mortgage rates rose in tandem, rising to their highest level since 2000 last summer. As the federal funds rate remained frozen...

What will mortgage interest rates look like when the Fed cuts 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

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  With Fed rates holding steady over the last couple of years, mortgage interest rates have stayed high overall — even hovering close to 8% at one point recently. And those high mortgage loan rates, coupled with the high cost of living and inflation, have led many potential homebuyers to pause their search for a home and a mortgage to buy it with.But in recent weeks, there has been some welcome news for potential homebuyers. Inflation has cooled slightly —...

How low will mortgage rates drop after the Fed cuts rates? Experts weigh in

Kentucky State

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Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

Rates on 30-year new purchase mortgages fell 6 basis points Friday, lowering the rate average to 6.75%. Averages for several other mortgage rates also declined, while a handful were essentially flat Friday. National Averages of Lenders' Best Mortgage Rates. Loan Type New Purchase. 30-Year Fixed 6.75%. FHA 30-Year Fixed 6.58%

Mortgage Rates Drop to Lowest Level in More Than a Week

The average interest rate for a standard 30-year fixed mortgage is 6.77% today, a decrease of -0.08% over the last week. The average rate for a 15-year fixed mortgage is 6.21%, which is a decrease of -0.06% from the same time last week. For a look at mortgage rate movement, see the chart below.

Mortgage Rates Hit Lowest Point in Months Post Fed Meeting. Today’s Mortgage Rates, Aug. 2, 2024

The Federal Reserve could cut interest rates this fall, which will have a bearing on mortgage rates. To see how much house you can afford, enter your information below and get a custom mortgage loan quote from one of CNET’s partner lenders. About these rates: Like CNET, Bankrate is...

Refinance Rates Continue Falling After Fed Decision. Current Refi Rates on Aug. 2, 2024

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 30-year mortgage refinance rate average dropped another 28 basis points to 6.97% on Thursday after sliding by 21 basis points the two days prior. The average for the 15-year fixed refi fell 27 basis points to 5.69% and the jumbo 30-year refi slid 24 basis points to 6.75%. Other refinance rates were mostly down or flat.

Mortgage Refinance Rates Continue Decline for 30-Year Loans

Florida State

Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

The Bank of England has reduced its base rate from 5.25% to 5%, marking the first rate cut since March 2020. This reduction is expected to bring relief to many borrowers, particularly those with tracker mortgages, which are directly linked to the base rate. Several major banks have announced plans...

Banks slash mortgage rates following Bank of England announcement

Illinois State

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Polk County, FL

Fort Meade, FL

Uncovering Florida

The Polk County Sheriff's Office has made an arrest after conducting an investigation into a case of credit card fraud involving 28-year-old Burger King employee, Kellyn Miley. The incident was discussed in detail during this morning's briefing with Sheriff Grady Judd.

Burger King Employee Caught Using Customer's Credit Card for Food at Former Job

New Jersey State

Nearly 50% of mortgaged homes were equity-rich in Q2 2024, compared with 45.8% in Q1 2024. While high home prices are a burden to prospective buyers, elevated home prices are causing homeowners’ equity to rise. According to a recent report from ATTOM, a provider of real estate data, 49.2% of U.S. mortgaged residential properties were equity-rich in Q2 2024, meaning their loan balances were no more than half of their market values. This is an increase from 45.8% in Q1 2024, reversing three consecutive quarterly declines and marking one of the biggest gains in five years. The rise in home equity is attributed to a 9% increase in home prices during the Spring buying season, setting a new median national price record of $365,000.

As Home Prices Rise, US Homeowner Equity Reaches New High in Q2 2024

NewsBreak

Today's Mortgage Rates by State – July 26, 2024

The states with the lowest 30-year new purchase mortgage rates on Thursday were New York, Florida, California, Colorado, Indiana, and Tennessee. Meanwhile, the states with the...

Today's Mortgage Rates by State – July 26, 2024

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