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

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

More dangerous winds expected in California

As wildfires continue to spread in Southern California, the worst of the heavy winds haven't even arrived. Lonnie Quinn takes a look at what comes next.

CBS News - Jan. 7

Source: City eye deal for £50m-rated Marmoush

Manchester City are exploring a deal to sign striker Omar Marmoush, a source has told ESPN, but accept that it will be difficult to prise him away from Eintracht Frankfurt.

ESPN - Jan. 7

Lions expect Montgomery to be ready for playoffs

Detroit Lions coach Dan Campbell said he expects veteran running back David Montgomery, who suffered an MCL injury in the Week 15 loss to the Buffalo Bills and has been sidelined the past three ...

ESPN - Jan. 7

Trump: ‘Interest rates are far too high’

President-elect Trump on Tuesday declared interest rates are too high even as he decried still-elevated inflation, setting up renewed tensions with the central bank chair who resisted pressure cut ...

The Hill - Jan. 7

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

C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages

A federal consumer bureau claims Vanderbilt Mortgage, owned by Berkshire Hathaway, made loans to buyers of manufactured homes it knew could not repay them.

The New York Times - Jan. 6

HELOC interest rate pros and cons to know for 2025

A HELOC interest rate comes with some significant pros and cons in today's evolving economic climate.

CBS News - Jan. 6

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

German inflation rate climbs to 2.6% in December

Yahoo News - Jan. 6

China’s box office takings drop by a quarter as viewers turn to streaming

Lack of blockbusters, pandemic aftereffects and hard economic times blamed for 2024 slump

Financial Times - Jan. 5

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

Tesla's Annual Sales Dropped for the First Time—but the EV Industry Keeps Growing

Electric vehicle sales are growing globally overall, despite Tesla's recent slump.

Wired - Jan. 4

Why a home equity loan could be better than a HELOC this January

There's a strong case to be made for choosing a home equity loan over a HELOC this month. Here's what to consider.

CBS News - Jan. 3

Apple offers rare iPhone discounts in China as foreign smartphone sales drop

Apple Inc. has kicked off the new year with iPhone discounts in China, underlining the challenges facing the tech giant in one of the world’s most populous countries.

MarketWatch - Jan. 3

Trump: 'Why would I want to get rid of TikTok?'

President-elect Trump doubled down on his support for TikTok on Friday, as the popular social media app prepares to argue against an impending ban before the Supreme Court next week. “Why would I ...

The Hill - Jan. 3

The best ways to keep costs down as temperatures drop

A cold snap across the UK comes just as energy prices have risen, so here are a few tips to help you keep warm.

BBC News - Jan. 3

Tesla shares slide after it reports first drop in annual deliveries

Tesla's fourth-quarter deliveries report follows a huge late-year rally in the stock that lifted its gain for 2024 to 63%.

CNBC - Jan. 3

UK mortgage approvals fall in November

Unexpected decline interrupts recovery in housing market activity

Financial Times - Jan. 3

Where are mortgage, CD and credit card rates heading in 2025?

The Fed has been pushing down borrowing cuts since September, yet mortgage rates remain close to 7%. Here's what to expect in 2025.

CBS News - Jan. 3

Boeing Shares Drop After South Korea Plane Crash

A widely used Boeing aircraft, the 737-800, was involved in Sunday’s crash-landing of a Jeju Air flight that killed 179 people.

The New York Times - Jan. 3

Temperatures drop across UK as arctic blast brings more snow

The weekend is set to be bitterly cold, bringing "significant snow" and blizzard-like conditions, forecasters say.

BBC News - Jan. 3

Why the U.S. economy is still strong despite the Fed’s 2022-’23 rate hikes

Something surprising happened on the way toward the highest U.S. interest rates in more than a dozen years: Neither consumers nor businesses buckled under the weight of higher borrowing costs from ...

MarketWatch - Jan. 3

Tesla reports first drop in deliveries in at least 9 years

Tesla reported its first drop in annual deliveries in at least nine years, despite an increase in its numbers during the fourth quarter of 2024. The company, based in Austin, Texas, said Thursday ...

The Hill - Jan. 2

How Congress dropped the ball on AI safety

After two years of congressional deliberation on artificial intelligence, we need more than careful analysis — we need decisive action.

The Hill - Jan. 2

Tesla’s annual deliveries drop for first time since 2011

US electric vehicle pioneer led by Elon Musk has been hit by slowing demand

Financial Times - Jan. 2

Tesla's annual sales drop for the first time in a decade

Tesla's increase in global sales in the fourth quarter was not enough to overcome a sluggish first half of the year.

CBS News - Jan. 2

Why Wall Street Expects the Stock Market to Have a Big 2025

Analysts see corporate earnings improving beyond just big tech names.

Inc. - Jan. 2

Mortgage demand dives nearly 22% to end 2024

A sharp rise in mortgage interest rates took its toll on mortgage demand, hitting just as the housing market entered its typically slowest stretch of the year.

NBC News - Jan. 2