Utah State

For a 30-year fixed-rate mortgage, the average rate you’ll pay is 6.57% today, up 0.02% over the last week. The average rate for a 15-year fixed mortgage is 5.99%, which is a decrease of -0.01% from the same time last week. For a look at mortgage rate movement, see the chart below.

Good News for Mortgage Rates as Inflation Falls Below 3%. Today’s Mortgage Rates, Aug. 14, 2024

Money

Mortgage refinancing is back from the dead — sort of. As mortgage rates edge down this month, more homeowners are looking to lock in a better rate and lower their monthly payments. Compared to this time last year, mortgage refinance applications have increased 118%, according to the latest reading from the Mortgage Bankers Association. The growth seemed to accelerate recently, with week-over-week applications spiking 35% as of Aug. 9.

Homeowners Are Refinancing Again as Rates Dip. Should You?

CBS News

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  Over the last three years, average mortgage rates have almost doubled. On August 19, 2021, the average 30-year fixed rate was 2.86%. By comparison, today's average 30-year mortgage rate is 6.57%. This uptick in rates has made purchasing a home less affordable for many buyers.  In addition, home prices have hit record highs this year, putting the possibility of homeownership out of range for many.That said, on a positive note, mortgage rates have fallen more than half a percentage...

Will mortgage rates drop below 6% this fall? Experts weigh in

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  Homebuyers coping with elevated mortgage interest rates have seen some relief in recent months as the average rate on a 30-year loan dropped slightly. After hitting its highest level since 2000 last year, and moving close to 8% last November, the average mortgage interest rate is now 6.57%. And that's likely to fall further in the coming weeks and months.Thanks to a consistently cooling inflation rate (it dropped again in July for the fourth consecutive month), cuts to the...

3 mortgage mistakes to avoid before interest rates drop

Iowa State

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Iowa Storm Center

(IowaStormCenter.com) -- A strong pacific storm system will get underway later tonight with severe thunderstorms and heavy rain. The first round of the one-two punch event is hitting across western Iowa this morning. Then the focus will be across southwest Iowa for severe thunderstorm development by this evening with threats for hail, damaging winds, heavy rainfall and a couple of isolated tornadoes.

Severe Thunderstorm/Heavy Rainfall Threat Tonight.

Los Angeles, CA

Herbie J Pilato

Adam Rich was born on October 12, 1968, lived a troubled life, and died on January 7, 2023, at only 54 years old. This is his story. He lived in the Granada Hills area of Los Angeles with his parents and younger brother. The Rich family resided for a time in Florida where Adam studied acting at the local gym.

A Look Back at the Tragic Life and Death of Former Child Star Adam Rich (TV's 'Eight is Enough')

Rates will need to decline another percentage point to entice buyers, Freddie Mac says. Mortgage rates continued their slow descent this week. The 30-year FRM averaged 6.46% Thursday, according to Freddie Mac’s Primary Mortgage Market Survey. That is down from last week when it averaged 6.49% and significantly down from a year ago when it averaged 7.23%.

30-Year Fixed-Rate Mortgage Down Three Basis Points

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Alamogordo Conservative Daily

Four Star General Charles Hamilton, who as head of Army Materiel Command oversaw much of the service's logistics operations, wrote a letter to Army Secretary Wormuth on Friday asking to be reinstated. Hamilton, claimed in the letter that he had to intervene in the Army's Command Assessment Program, or CAP, selection last fall because he felt the process is racist and would unfairly handle the selection of a Black subordinate officer.

Suspended Army 4-Star General Charles Hamilton Appeals for Return of Command

Markets Insider

Corcoran explains why homebuyers who wait for lower mortgages will end up paying more in the end.

Beware lower mortgage rates that could unleash a buying spree and push home prices higher, 'Shark Tank' investor Barbara Corcoran says

The Associated Press

WASHINGTON (AP) — The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are increasingly seeking cheaper alternative products and services, searching for bargains or just avoiding items they deem too expensive. Consumers aren’t cutting back enough to cause an economic downturn. Rather, economists say, they appear to be returning to pre-pandemic norms, when most companies felt they couldn’t raise prices very much without losing business.

Americans’ refusal to keep paying higher prices may be dealing a final blow to US inflation spike

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

Irvine, CA

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NewSantaAna

The Irvine Police Department’s Spectrum team was notified of a woman shoplifting at Sephora on Wednesday. When loss prevention tried to stop her, she refused to stop. As the Spectrum team arrived, loss prevention lost the suspect in the parking lot. An excellent citizen told the officers they observed the suspect enter a white Tesla and crawl into the trunk.

Shoplifter arrested after hiding in her Tesla’s trunk at the Irvine Spectrum

Salem, OH

Northern Kentucky Tribune

Every day, 8-year-old Emma sits in a small garden outside her grandmother’s home in Salem, Ohio, writing letters to her mom and sometimes singing songs her mother used to sing to her.

Thousands of parents die of overdoses; advocates say their kids need more help

Reuters

NEW YORK (Reuters) - The average rate on the popular U.S. 30-year fixed-rate mortgage ticked down this week to the lowest level since May 2023, but may need to fall further for the housing market to see significant improvement in demand.

US 30-year fixed-rate mortgage slips to lowest level since May 2023

Since 2022, refinancing activity has gone down in response to surging mortgage rates. But with inflation normalizing and the Federal Reserve positioning itself to cut interest rates next month, mortgage rates should gradually decline. As that happens, more homeowners, especially those with high rates on their home loans, will benefit from a refinance.

Mortgage Refinance Rates Fall: Mortgage Refinance Rates for Aug. 26, 2024

File today under "nice." While it wasn't amazing, significant, or even the byproduct of any interesting events, mortgage rates managed to drift modestly lower, ultimately matching their lowest levels since August 5th. The lowest rates in just over 2 weeks might seem like it's worth more enthusiasm, but we didn't...

Mortgage Rates Edge Lower Yet Again

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  COVID-19 profoundly altered many aspects of American life, so it should come as no surprise that it impacted the housing market. During the pandemic, demand for new houses grew as people spent more time on their properties during lockdowns. Record-low mortgage rates also spurred a massive increase in competition for homes, even as inventory was falling because people didn't want to sell during a public health crisis.With borrowers flooding the market and few houses available to buy, the average...

Will home prices finally drop this fall? Experts weigh in

Georgia State

Daily Coffee Press

According to officials with the Southern District of Georgia, two recently unsealed federal indictments have charged 23 defendants in a series of broad conspiracies involving the use of drones to smuggle methamphetamine, marijuana, and cell phones into state prisons in Georgia.

23 Defendants Charged in Federal Indictments for Drone-Smuggling Drug Operation in Georgia

Maine State

Sagadahoc County, ME

Lewiston, ME

The Maine Monitor

Editor’s note: This story contains references to suicide. When a bill to strengthen Maine’s yellow flag law went into effect earlier this month, Sagadahoc County Sheriff Joel Merry said he felt a sense of relief.

Law enforcement officers can now get a warrant to take someone into protective custody

Scripps News

Experts anticipating a cut of the Federal Reserve's benchmark interest rate this fall think it could stabilize the housing market's wild ride of the last few years.

What an interest rate cut could mean for buyers in a wild housing market

NewsBreak

Interest rates and home prices: deciding to buy a house or wait

SALT LAKE CITY (KUTV) — Many potential homebuyers in Utah are holding off on making a purchase as they wait to see if the Federal Reserve...

Interest rates and home prices: deciding to buy a house or wait

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