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%

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. KEY POINTS. Historically speaking, 4% mortgage rates...

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

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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  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

As mortgage rates dropped to the lowest level in more than a year, the Mortgage Bankers Association reported a 6.9% surge in home-purchase applications for the week ending Aug. 2, while refinancing applications rose 16%, despite persistently high rates discouraging many homeowners from refinancing, creating a "Golden handcuff" effect in the housing market where sellers with record-low rates are reluctant to sell, limiting supply.

Mortgage Mania: Rates Plunge, Demand Surges

The US Sun

AMERICANS have the opportunity to claim a one-time payment from a billion-dollar class action settlement. Visa and Mastercard agreed pay $5.6 billion after consumers paid excessive fees to accept their payment cards. The lawsuit alleged that Visa and Mastercard violated the antitrust laws. Antitrust laws also referred to as competition laws, are statutes developed by […]

Americans to receive one-time payment from $5.6 billion Visa Mastercard settlement – and the deadline has been extended

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NewsNinja

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

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

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

Is it darkest before the dawn? If we look at the housing market right now, sales are down, new listings are down and prices are decelerating. But if we look at the data right now, things look the most bullish they’ve been all year. Good inflation data came in...

What happens to the housing market when mortgage rates finally come down?

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

Primis Bank is offering a remarkable fee-free checking account that pays 6.00% APY. That outdoes even the best CDs and high-yield savings accounts, which currently max out at 5.50%. Primis' 6.00% Novus Checking rate is available to new customers who set up a monthly direct deposit of at least $1,200.

This Checking Account Pays 6.00%—And It’s Guaranteed for 6 Months

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

The Associated Press

LOS ANGELES (AP) — A recent pullback in mortgage rates is spurring more homeowners to refinance their home loan and lower their monthly payments. The Mortgage Bankers Association’s refinance index, which tracks home loan application volume, surged 16% last week from the previous week to its highest level in two years, the association said Wednesday.

Homeowners race to refinance as mortgage rates retreat from 23-year highs

Should you refinance your mortgage? Mortgage rates are down, but you'll need to make sure they've dropped enough for you to save on your mortgage payment.

Mortgage Rates Are Going Down. Should You Refinance Your Mortgage Now?

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  On top of record-high home prices, a high interest rate environment has made it too expensive for many Americans to purchase a home. According to the Federal Reserve, the median sales price in the U.S. is $412,300, roughly 30% higher than in 2020. Meanwhile, 30-year fixed-rate mortgage rates have remained elevated for the past couple of years.However, the mortgage market has seen positive signs recently, with average mortgage rates hitting a four-month low in July. According to Freddie Mac,...

Will mortgage rates continue to drop this August? Here's what experts say

The average 30-year fixed mortgage interest rate is 6.52% today, a decrease of -0.31% since one week ago. The average rate for a 15-year fixed mortgage is 5.91%, which is a decrease of -0.36% from the same time last week. For a look at mortgage rate movement, see the chart below.

15-Year Fixed Mortgage Rate Plunges Below 6%. Today’s Mortgage Rates, Aug. 8, 2024

Chicago, IL

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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?

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

Three more lenders have announced reductions in mortgage rates, responding accordingly to the recent Bank of England decision to lower the base rate by 25 basis points (bps). MPowered Mortgages has cut rates across its fixed rate range for the second time in a week, reducing rates by up to 37bps.

Another batch of lenders reduces mortgage rates

NewsBreak

Mortgage Rates Climb After Sinking to 16-Month Low

The 30-year mortgage rate average climbed higher Tuesday, to 6.40%. That's after a seven-day decline plunged the average to its lowest level since spring 2023. Averages...

Mortgage Rates Climb After Sinking to 16-Month Low

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