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?

The states with the lowest 30-year new purchase mortgage rates Wednesday were Alaska, New York, Florida, Texas, California, Alabama, Hawaii, and Louisiana. Meanwhile, the states with Wednesday's most expensive rates were Washington, D.C., Vermont, Iowa, Indiana, South Carolina, South Dakota, and West Virginia. Mortgage rates vary by the state where...

Today's Mortgage Rates by State – Aug. 8, 2024

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.

Business Insider

These are today's mortgage and refinance rates. Mortgage rates are down significantly this week, opening the door for some homeowners to refinance.

Mortgage Interest Rates Today, August 9, 2024 | Rates Drop to 15-Month Low. Is It Time to Refinance?

The New Republic

Nicknaming President Joe Biden “Sleepy Joe” doesn’t seem to be looking so good for Donald Trump now that he’s the old man in the race.A Morning Consult poll published Monday revealed that voters are suddenly viewing Trump as the decrepit candidate after Biden dropped his campaign. Americans are apparently far more likely to describe Vice President Kamala Harris as healthy, mentally fit, and a strong leader than the 78-year-old Republican presidential nominee.According to the poll, 71 percent of respondents agreed that Harris was “in good health,” while 52 percent said the same about Trump—6 percent fewer than believed the same...

Trump Just Got an Embarrassing Wake-Up Call From a Stunning New Poll

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

Polk County, FL

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

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

Reuters

NEW YORK (Reuters) - The average rate on the popular U.S. 30-year mortgage plunged to its lowest level since May 2023 this week, following days of market turbulence resulting from last week's softer-than-expected employment report.

U.S. 30-year fixed-rate mortgage plunges to lowest since May 2023, Freddie Mac says

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

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

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

Mortgage holders continued to see their equity grow in Q2 2024. According to the August 2024 Mortgage Monitor Report from data services company Intercontinental Exchange (ICE), nine out of 10 mortgage holders in the U.S. currently have some level of tappable equity. Approximately two-thirds of this equity is held by mortgage holders with credit scores of 760 or higher, and those with first lien rates below 4%. Additionally, fewer than 325,000 homeowners are underwater on their mortgages, representing just 0.60% of active loans, while another 4.2% have less than 10% equity. Right now, the market is experiencing record-high mortgage debt, however overall market leverage is near all-time lows, explains Andy Walden, ICE vice president of research and analysis.

Homeowner Equity Grows Despite Mortgage Debt

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

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?

New Jersey State

Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

Fox Business

The Federal Reserve signaled that a September rate cut is on the table, but would-be homebuyers are likely to continue facing mortgage rates above 6%.

Interest rate cuts are on the horizon, but high mortgage rates could be here to stay

Credit card delinquency rates hit levels not seen in more than a decade in the second quarter, while more borrowers struggled to make auto loan payments, according to data released Tuesday by the Federal Reserve Bank of New York. Overall household debt and credit increased by 0.6% in the second...

US Credit Card Delinquency Rates Hit Levels Not Seen in 12 Years

HuffPost

Astrologers who interpret planets for a living are seeing surprises in November.

We're Election Astrologers. Here's Who We Predict Will Win The 2024 Race.

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

Entrepreneur

Trademark lawyer Jeremy Green Eche purchased the domain in 2020.

He Bought the Harris-Walz Website Domain 4 Years Ago for $8.99 — Someone Just Paid Him $15,000 For It

Kamala Harris has officially pulled ahead of Donald Trump, according to two key national polling averages.Harris and Trump were neck and neck toward the end of July, with Harris leading by a narrow 0.2 percent on July 28, according to FiveThirtyEight.Over the course of little more than a week, the gap between Harris and her Republican opponent widened to 1.8 percent, after several recent polls found that she was polling between one and four points ahead of Trump. As of Wednesday, the vice president was leading Trump 45.2 percent to 43.3 percent, according to Project 538.  Real Clear Politics, another poll...

Kamala’s Latest Polling Win Is a Devastating Blow to Trump

NewsBreak

Homeowners Rush To Refinance As Mortgage Rates Drop

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...

Homeowners Rush To Refinance As Mortgage Rates Drop

Comments / 0