Columbus, OH

The Motley Fool

For young home buyers, 4% mortgage rates may feel "normal," but they're not. Keep reading to learn whether you can count on them to be that low again.

Will Mortgage Rates Ever Be as Low as 4.00% Again?

Making one extra payment a year on a 30-year mortgage can save you serious interest. But it might not be the best use of your money.

Is It Worth It to Make Just 1 Extra Payment a Year on Your 30-Year Mortgage?

CBS News

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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

Business Insider

These are today's mortgage and refinance rates. Rates are trending down, following weak labor market data for July and a rough stretch for the stock market.

Mortgage Interest Rates Today, August 7, 2024 | 30-Year Rates Drop Below 6%

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  When mortgage interest rates dropped dramatically in 2020 and 2021, many homeowners took the opportunity to refinance their existing loans to the new, lower rates. But as inflation became problematic, rising to a decades-high in June 2022, the federal funds rate soared with it, growing to its highest level in 23 years. Since that point, however, inflation has steadily declined and talk of a cut to the federal funds rate has increased. Now, according to the CME FedWatch tool,...

Is a mortgage refinance worth it now? Here's why it may be.

USA TODAY

The Consumer Financial Protection Bureau is looking into the handling of Zelle transactions by big banks, according to a Wall Street Journal report.

Bank of America, Wells Fargo are under investigation for handling of customers funds on Zelle

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 Their Dramatic Fall. Today’s Refi Rates, Aug. 7, 2024

New York City, NY

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writer

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

Maybe it's something you've wondered: What happens to your student loan debt when you die?. Here are the options and protections to know about. It's not unusual to hear people struggling with their student loan debt bemoan that they feel like they'll be paying until they die. Which begs the question: What happens to the debt at that point?

Here's what happens to your student loan debt when you die

The Independent

More sub-4% mortgage deals are set to enter the market this Thursday, in what one finance expert described as a “promising sign” for borrowers.The Bank of England base rate was cut last week from 5.25% to 5%, but lenders had already been slashing rates in the weeks leading up to the move.Barclays Mortgages is making cuts to mortgage rates which will come into effect from Thursday, including a 3.83% Premier five-year fixed rate for home buyers with a 40% deposit, which has a £899 product fee, available to its eligible Premier Banking customers.The previous rate on the product was 4.03%.Another...

Even more sub-4% mortgage deals are now on the market

rolling out

In today’s economy, financial stability can often feel elusive. Whether due to unexpected job loss, medical expenses, or other unforeseen financial challenges, many homeowners find themselves struggling to keep up with their mortgage payments. This is where asking for a mortgage reduction can become a vital step in maintaining your financial health. By understanding the process and benefits of a mortgage reduction, you can make an informed decision that could potentially save your home and improve your financial situation.

Why you should ask your mortgage company for a rate reduction

Markets Insider

There's a rare type of mortgage loan gaining popularity among buyers seeking lower rates.

Homebuyers are flocking to a type of loan that offers a lower mortgage rate. But they often require bigger down payments, and lenders don't like to give them.

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  Stowing your savings away in an interest-bearing account has been a lucrative move to make over the last couple of years. The interest rates on these accounts have been quite high, after all, with many high-yield savings accounts and certificate of deposit (CD) accounts offering annual percentage yields (APYs) that far surpassed the inflation rate. That, in turn, resulted in big payoffs for the savers who took advantage of earning interest in a high-rate environment.But the window to capitalize...

12 best CDs to open before rates are cut in September

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

Axios

Ditching his first home in suburban Minneapolis for a bigger one nearby more than doubled Michael Vennerstrom's mortgage rate, but he's OK eating the cost. Why it matters: Even this expensive housing market can't stop a young family running out of bedrooms or a Baby Boomer who's tired of cleaning an empty nest.

Why some homeowners are leaving their low mortgage rates behind

The last few years have provided a challenging landscape for prospective homeowners and those looking to refinance their mortgages. Many would-be borrowers have sat on the sidelines as elevated home prices and high mortgage rates have made financing options less affordable. Fortunately, the housing market is beginning to show positive...

Should you lock in a mortgage interest rate this August? Here's what experts think.

GOBankingRates

According to a 2023 Experian report, the average individual consumer owes $104,215. This includes all types of consumer debt, including credit cards, student loans, auto loans, mortgages and even home...

I’m a Retired Boomer: Here Are 3 Debts You Should Definitely Pay Off Before Retirement

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Refinancing applications surged last week as homeowners pursued lower borrowing costs amid a decline in interest rates. Refinancing activity rose 16% from the week prior and comprised a greater share of total mortgage applications, which increased 6.9%, the Mortgage Bankers Association said Wednesday. Refinancing activity last week was nearly 60%...

Homeowners Rush To Refinance As Mortgage Rates Drop

Forbes Advisor

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments. A home equity line of credit is a variable-rate second mortgage that draws on your home’s value as a revolving line of credit.

Current HELOC & Home Equity Loan Rates: August 7, 2024—Rates Are Mixed

NewsBreak

With mortgage rates dropping, should you refinance? 'It could be worth it,' says financial planner

Mortgage rates have plunged in recent days, leaving many homeowners wondering if they should refinance their mortgages. Considering the drop in rates, some borrowers could save...

With mortgage rates dropping, should you refinance? 'It could be worth it,' says financial planner

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