Mortgage Rates Are Dropping But Homes Arent Expected to Get Cheaperheres Why

Families dropped by insurance struggle after losing homes in California fires

More than 100,000 homeowners in the Los Angeles area were dropped by their insurance companies before the recent wildfires broke out. Elizabeth Cook shares the story of families now struggling to ...

CBS News - 3h

‘The memories still exist’: Amber Ugarte on the loss of her Malibu home, built by her late fiancé, and why she’s not even close to giving up

“The memories still exist,” Ugarte says, “but the property does not.”

MarketWatch - 4h

A global bond sell-off is deepening as investors pare Fed rate-cut expectations

A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs.

CNBC - 14h

Why Cities Are Getting Rid of Decades-Old Parking Rules

Hundreds of cities have cut back parking requirements for real estate projects. That’s led to more housing development, but it has also resulted in backlash from residents.

The New York Times - 2d

Osaka helper gets birth certificate from L.A. home

Naomi Osaka, who is competing at the Australian Open, had somebody help her retrieve her daughter's birth certificate from her L.A. home after learning wildfires were within three blocks of it.

ESPN - 1d

2025 NFL playoffs: Why the home team decided to use visitor's locker room in Vikings-Rams NFC wild-card game

This isn't something you see every day

CBS Sports - 1d

Will mortgage rates fall below 6% in 2025? What experts say

Rates could fall that low, but certain conditions must play out for that to happen this year, experts say.

CBS News - 1d

India's inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts

The full year inflation forecast for the RBI's 2024 fiscal year ending June 2025 is projected at 4.8%.

CNBC - 1d

Lakers, Clips expected to resume home slate Mon.

After the postponement of three games in the L.A. area due to ongoing wildfires, the Lakers and the Clippers are expected to return to action with home games Monday.

ESPN - 2d

Lakers, Clippers expected to resume home play Monday after Los Angeles fires postponed games

Lakers and Clippers games over the weekend were postponed because of the fires.

Yahoo Sports - 2d

Why Trump’s tariffs may bring worse-than-expected price hikes to consumer electronics

As CES winds down in Las Vegas, one cloud hanging over the desert not often mentioned in all the coverage of newly unveiled gadgets was a prediction by the show’s host of how much prices for ...

MarketWatch - 3d

Mortgage rates were expected to fall, but they’re surging. There’s a reason for that.

Rates were supposed to go down — but a strong U.S. economy is getting in the way.

MarketWatch - 3d

Do you still have to pay your mortgage if your house burns down? Some multimillion-dollar homes may not qualify for disaster relief.

The multimillion-dollar homes burning in the L.A. wildfires may not qualify for mortgage relief.

MarketWatch - 3d

Why you should get a home equity loan for spring projects now

Considering a home equity loan to pay for your planned spring projects? Here's why you should start the process now.

CBS News - 4d

Mortgage rates are not rising yet but Reeves has to act

Why Rachel Reeves needs a more detailed growth strategy - and soon.

BBC News - 4d

U.S. payrolls grew by 256,000 in December, much more than expected; unemployment rate falls to 4.1%

Nonfarm payrolls were expected to increase by 155,000 in December, according to the Dow Jones consensus forecast.

CNBC - 4d

Companies from Coca-Cola to Anheuser-Busch are getting in on the canned cocktail market. Here's why

Americans consumed over 62 million cases of ready-to-drink spirits in 2023, an increase of almost 25% from 2022.

CNBC - 4d

Why Elon Musk had to drop his ‘DOGE’ pledge to cut $2 trillion from the federal budget

We told you he would months ago, when he made the promise.

MarketWatch - 4d

HELOC interest rates drop to 18-month low: Should you open one now?

HELOC interest rates dropped again this week. Here are three reasons why you should open the line of credit now.

CBS News - 5d

What's a good home equity loan interest rate in 2025?

With the interest rate climate changing again, it helps borrowers to know what a good home equity loan rate is now.

CBS News - 5d

Why two Fed officials doubt the need for many more rate cuts

One official warned that “progress on inflation could continue to stall.”

MarketWatch - 5d

30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July

Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.

The New York Times - 5d

Average US long-term mortgage rate inches up to 6.93% for fourth straight increase

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July

ABC News - 5d

Why eggs are nearly $9 a dozen in California — and when prices could drop

Egg prices at the grocery store shocked many consumers over the recent holiday season, and those prices are expected to continue to climb after an unanticipated spike in the number of bird flu ...

MarketWatch - 6d

What factors drive mortgage loan interest rates?

The Fed rate decisions aren't the only factor that plays a role in where mortgage rates head next.

CBS News - 6d

Fed Minutes May Show Why More Rate Cuts Will Face Hurdles

After a quarter-point cut in December, Chairman Jerome Powell said policymakers may be more cautious, since the incoming administration will create more uncertainty.

Inc. - 6d

Why Cavaliers vs. Thunder is historic matchup, and how a win can finally get Cleveland the respect it deserves

The Cavs, at 31-4, are on pace for 73 wins -- but many still aren't taking them all that seriously

CBS Sports - 6d

Mortgage rates hit highest level since July, crushing application demand

Total mortgage application volume dropped 3.7% compared with the previous week.

CNBC - 6d

Here's where mortgage rates could be headed in 2025

Mortgage rates in 2025 are expected to remain above 6%, according to multiple industry forecasts.

The Hill - 6d

McDonald’s is ‘retiring’ its DEI goals. Why more companies are expected to do the same.

Companies like Walmart, Harley-Davidson and Lowe’s have also changed their diversity initiatives

MarketWatch - Jan. 7

Why HELOCs are cheaper than home equity loans now

Both allow you to borrow against your home's equity, but HELOCs offer measurable savings in today's market.

CBS News - Jan. 6

7 ways to get a lower mortgage rate in 2025

Lowering your interest rate can save you money over the life of the loan. Here are seven ways to make it happen.

CBS News - Jan. 6

Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?

The 30-year mortgage rate averaged at 6.91%, Freddie Mac said in its latest weekly survey on Thursday.

MarketWatch - Jan. 4

Mortgage Rates Are Dropping But Homes Arent Expected to Get Cheaperheres Why

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