Columbus, OH

Business Insider

These are today's mortgage and refinance rates. Mortgage rates dropped in response to July's weak jobs report, which saw a small increase in unemployment.

Mortgage Interest Rates Today, August 3, 2024 | Rates Down Following Weak Jobs Report

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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  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

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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

Mental_Floss

Trying to find an affordable house in Vermont or New Jersey is tough right now, but those aren’t the only states in the U.S. where home prices are on the rise.

10 States Where Home Prices Are Rising the Fastest

How much more in Social Security benefits will you receive in 2025? If you already get monthly Social Security checks or you're looking to sign up to do so, it's likely you're eagerly awaiting the COLA increase announcement. Analysts have offered their predictions on how much extra money you could be getting with your benefits for the next year, and there are ways to calculate how much you may get per check already. But the COLA adjustment could mean significant changes to how much money you have to play around with each month.

How Much Will Social Security Increase in 2025? Here's What Experts Predict

NewsNation

The findings suggest the levels of certain fatty acid in the umbilical cord blood during pregnancy have an impact on the development of autism spectrum disorder.

Researchers may have found the cause of autism

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire. A sample of more than a dozen industry professionals said they were quoting most borrowers in the high 5% to low 6% range on government loans and in the mid-6% range for conventional mortgages. Quotes vary based on credit scores, points and other factors.

Mortgage rates take a dive

Rates were prepared to make a big move in one direction or the other heading into today's high stakes inflation data. Fortunately, the Consumer Price Index (CPI) came in quite a bit lower than expected, leading to a sharp decline in rates at the average lender. 30yr fixed rates had...

Mortgage Rates Drop Sharply After Inflation Data

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. A sample of more than a dozen industry professionals said they were quoting most borrowers in the high 5% to low...

Mortgage rates plummet, changing everything — for now

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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?

Will it be easier to buy a house next year, and should we expect a housing market crash? Here's how to prepare based on housing market predictions for 2024.

Housing market predictions 2024: What homebuyers should know

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

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  The past couple of years have been tough for homebuyers. Just a few years ago, it was easy to find a mortgage loan with a 3% (or lower) rate, but as buyers rushed to take advantage of the cheap borrowing environment, it fueled an uptick in demand and drove up home prices. As the mortgage rate environment shifted post-pandemic, mortgage rates climbed, significantly reducing affordability and pushing many prospective buyers to the sidelines.It appears there's finally a glimmer of...

Mortgage rates are still falling. Here are 5 big moves to make now

Mortgage rates moved massively lower last week without any Federal Reserve rate cuts, primarily because the labor market is getting softer. Can mortgage rates go even lower?. As we can see below, when the market priced economic weakness earlier in 2024, it took the 10-year yield down toward 3.80% but didn’t break that level. So, after a softer jobs report, the question is: Can this level break and head back down to the key line in the sand I call the Gandalf line at 3.37%? I wrote about Friday’s jobs report and discussed all the labor data we got last week here.

Can mortgage rates go even lower?

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

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

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?

August has arrived and that means this month's Social Security payments will soon be reaching bank accounts. The way the days are lined up this month may make it seem you're waiting a bit longer to get your payment, so we'll break it all down and fill you in when you can expect to get yours. If you're still waiting on your check from July, check out why it may not have arrived and what you can do about it.

Social Security August 2024: This Is When You'll Get Your Check This Month

South Carolina State

Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

NewsBreak

Mortgage Rates Plummet Following Poor Jobs Report. Today’s Mortgage Rates on Aug. 5, 2024

The average interest rate for a standard 30-year fixed mortgage is 6.75% today, a decrease of -0.12% since one week ago. The average rate for a...

Mortgage Rates Plummet Following Poor Jobs Report. Today’s Mortgage Rates on Aug. 5, 2024

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