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Mortgage rates haven't moved much in recent days, with average 30-year mortgage rates sticking around 6.51% so far this week, according to Zillow data. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.05% this week, according to Freddie Mac data, which is a 12-basis-point decrease from the previous week. As inflation comes down and the Federal Reserve is able to start cutting the federal funds rate, mortgage rates should fall further as well. Now that the Fed has paused hiking rates, mortgage rates have come down a bit.
Persons: Lawrence Yun, Freddie Mac Organizations: National Association of Realtors, Zillow, Federal Reserve, Fed Locations: Chevron
"We're seeing a slow shift from a seller's market to a buyer's market," said Lawrence Yun, chief economist for the Realtors. These inventory levels are the highest supply since May 2020, boosted by homes sitting on the market longer. Supply of homes for sale is weakest on the lower end, but is seeing a new surge now. While the sales price nationally is high, new listing prices are lower. Either home sales rise, or, if the prices do not rise, the prices would buckle down," Yun added.
Persons: Lawrence Yun, Danielle Hale, Yun Organizations: National Association of Realtors, Realtors, Realtor.com, Investors Locations: Patchogue, N.Y, Patchogue , New York
watch nowOpen houses during the morning, virtual showingsSelling a home during summer with extreme heat will call for more flexibility from sellers, according to experts. If that's the case, offer handheld fans or refreshments can help buyers stay cool, Mainord explained. Make sure the HVAC system is servicedIf you're hoping to sell your home during the summer, make sure the heating, ventilation and air conditioning system in the house is working properly. "We want to make sure that the HVAC systems or units are being serviced, that they're being maintained properly, that they're working properly," said Sanchez. "HVAC systems can be vastly expensive," said Ashton Lawrence, director and senior wealth advisor at Mariner Wealth Advisors in Greenville, South Carolina.
Persons: I've, Sanchez, Terry Mainord, Mainord, Ashton Lawrence Organizations: Mariner Wealth Advisors Locations: Brooklyn , New York, Greenville , South Carolina
Though many Americans believe the housing market is at risk of crashing, the economists who study housing market conditions overwhelmingly do not expect a crash in 2024 or beyond. How low demand can cause a housing market crashA sudden drop in homebuying demand can lead to a housing market crash. What a housing market crash would mean for homebuyersAnything is possible, and nobody has a crystal ball to see for certain what will happen in the housing market in the coming months and years. Preparing for a potential housing market crashRight now, you probably don't need to be preparing for the housing market to crash. Housing market crash FAQsWhat are the key signs of an impending housing market crash?
Persons: homebuyers, Fannie Mae's, Lawrence Yun, Yun, isn't Organizations: Housing Survey, National Association of Realtors, Housing Locations: exurbs, Chevron
Then, I'd put them down for their afternoon nap, during which I'd work on projects for my consulting clients. I saw my overachieving as a way to set them up for future success in a hyper-competitive world. I learned it's OK to ask other parents for helpMy girl-mom network has shared hand-me-down winter coats, barely-worn Easter dresses, and pediatric specialist recommendations. But I've learned relying on my network to hook me up doesn't make me lazy, unserious, or checked out as a parent. AdvertisementThe author learned it's OK to ask for recommendations from friends and other parents while parenting her daughter.
Persons: Fela Kuti, John Coltrane, Jacob Lawrence, Romare Bearden, Jean, Michel Basquiat, We'd, I'd, Amanda Miller Littlejohn, , hadn't, They've, I've, I'm, — I'm, they'll, It's Organizations: Service Locations: Tennessee
Like other consumer rates, mortgage rates are impacted in large part by what's going on in the economy. This allowed mortgage rates to drop as low as they did, with 30-year mortgage rates reaching an all-time low of 2.65% in January 2021, according to Freddie Mac. Because mortgage rates are still so high, some hopeful homebuyers have decided to wait for lower rates to start shopping for homes. Mortgage rates in 2024: FAQsWill mortgage rates go down in 2024? All consumer interest rates, including mortgage rates, should start to ease as soon as inflation slows further.
Persons: Homebuyers, homebuyers, what's, Fannie Mae, Freddie Mac, Lawrence Yun, that's Organizations: Fed, Bureau of Labor Statistics, NAR, National Association of Realtors, CNBC, Federal Housing Finance Agency, Veterans United, Loans, Federal Reserve, Mortgage, Association Locations: Chevron
CNN —Abdul “Duke” Fakir, a founding member of the Motown group the Four Tops, has died, according to his family. Born in Detroit, Fakir developed a love of music as a teen while performing with his local church and school choirs, according to a 2012 interview with NPR. In 1954, they formed the first iteration of their band in Detroit called the Four Aims, according to a Motown Museum biography of the group. “[O]nce we started singing, our whole perspective of life changed,” Fakir said in a 2022 interview with The Detroit News. In 2022, Fakir released his memoir “I’ll Be There: My Life With the Four Tops.”Fakir is survived by his wife, Piper Fakir, his children, 13 grandchildren and nine great-grandchildren.
Persons: CNN — Abdul “ Duke ” Fakir, Fakir, Piper, , ” Fakir, Honey, Levi Stubbs, Renaldo, Obie ” Benson, Lawrence Payton, Berry Gordy, , Payton, Benson, Stubbs, Piper Fakir Organizations: CNN, Motown, Hall of Fame, NPR, Motown Records, Detroit News, Stone Locations: Detroit
Here are the top numbers and notes to know from the final round of the 152nd Open Championship. For the second time this season, Schauffele shot a final round 65 to win a major. Schauffele is the first player to win the PGA and Open in the same season since Rory McIlroy did it 10 years ago. With the 2024 major schedule completed, this is the first time American players have swept a major season (in a year when all four were contested) since 1982. Of the last six players to win multiple majors in the same season, four won another major within the next two years.
Persons: Xander Schauffele, Schauffele, Jack Nicklaus, Rory McIlroy, Walter Hagen, Tiger Woods, Tom Watson, Brian Harman’s, Woods, Craig Wood, Billy Horschel, Harry, Bogeys, Horschel, Henrik Stenson’s, Justin Rose, Rose, Lawrence, Lawrence hadn’t, Dan Brown, Royal Portrush, Brown, Scottie Scheffler, Scottie, hasn’t, Scheffler, Justin Thomas ’, Glyn Kirk, Thomas, Matthew NeSmith, Schauffele’s, Collin Morikawa, Russell Henley, Shane Lowry, Jordan Speith, Brooks Koepka, Andy Buchanan Organizations: Royal Troon, 152nd, PGA, Troon, Royal Liverpool, PGA Tour, Merion, Royal, Getty, Royal Troon doled, U.S, Pinehurst Locations: American, Ayrshire, men’s, AFP
Sales of sports cars have been steadily declining for about three decades, but there has been one exception to that trend. The Chevrolet Corvette has recently stormed back to near-record popularity. sold 53,785 of the eighth-generation Corvettes, or C8s, worldwide last year, just 22 shy of its top sales year in 1979. Americans bought about 34,000 of those, including Stingray coupes that start from $66,000, nearly twice as many Corvettes as they bought in 2019. The car’s revival has been driven by a change that may not seem a big deal to the average commuter.
Organizations: Chevrolet, Motors, Stingray, Ferrari, Lamborghini, Engineers, G.M, Italia
On Sunday, the American clinched the Open Championship to claim the second major of his career. South Africa’s Thriston Lawrence finished one shot behind Rose and Horschel in tied-fourth, with American Russell Henley a further stroke back. Yet the attacks were coming from all angles now, the most ferocious of all from playing partner Lawrence and Schauffele, two holes ahead. The steely-eyed barrage continued with two more birdies across the next three holes to open up a three shot lead. Rose and Lawrence had barely erred, each bogeying just once, but such was the relentless pace set by Schauffele.
Persons: Xander Schauffele, Billy Horschel, Justin Rose, Brooks Koepka, Scottie Scheffler, Bryson DeChambeau’s, I’ve, Horschel, Rose, Africa’s Thriston Lawrence, American Russell Henley, Scheffler, leapfrog Ireland’s Shane Lowry, Jon Super, Lawrence, Schauffele, , Peter Morrison, pip DeChambeau Organizations: CNN, Little, American, Royal Troon, PGA, Masters, , Schauffele’s Locations: Scotland, Africa’s, South Ayrshire, Kentucky
TROON, Scotland — Xander Schauffele was for so long the best golfer without a major. The ever-steady 30-year-old star never topped the Open leaderboard Thursday to Saturday, always quietly lurking in the top 10 before shooting a Sunday 65 to win the 152nd Open Championship for his second major title in three starts. For the first time since 1982, Americans — Schauffele (Open Championship, PGA Championship), Scottie Scheffler (Masters) and Bryson DeChambeau (U.S. Open) — have claimed all four major championships. Sunday began with Horschel, a 37-year-old seeking his first major championship, in the lead by one stroke, playing in the final group of a major’s final round for the first time. Now Schauffele enters the Olympics and the rest of the season no longer an admirable player who can’t win.
Persons: Xander Schauffele, Schauffele, Justin Rose, Billy Horschel, Schauffele’s, Thriston Lawrence bogeyed, — Schauffele, Scottie Scheffler, Bryson DeChambeau, , Arnold Palmer, Lawrence, Dan Brown, Rose, standouts, Sam Burns, Russell Henley, Scheffler, Horschel, Brown, Burns, Shane Lowry, birdies, Jon Rahm, Viktor Hovland, Rory McIlroy, Kevin C, Cox Organizations: 152nd, Royal Troon, May’s PGA, Valhalla, Pinehurst, Sunday, Horschel Locations: TROON, Scotland, Scottish
CNN —Billy Horschel will carry the slenderest of leads into the final 18 holes of the Open Championship in Scotland, as the American capitalized on Shane Lowry’s grisly slide to edge clear in a rain-soaked third round. I’m embracing it,” Horschel, whose career best major performance was a tied-fourth finish at the 2013 US Open, told reporters. Lowry's round went downhill after trouble at the 'coffin' bunker on the eighth hole. Stuart Franklin/R&A/Getty ImagesHaving taken a three shot advantage to the eighth tee, the 37-year-old will start the final round three strokes adrift of leader Horschel, and one back from world No. 1 Scottie Scheffler, who shot even-par 71 to stay in contention for a second major title of the season.
Persons: Billy Horschel, Shane Lowry’s, “ I’ve, I’m, ” Horschel, , I’ll, , Kevin C, Cox, Thriston Lawrence, Sam Burns, Russell Henley, Xander Schauffele, Justin Rose, Daniel Brown, Brown, I’ve, ” Brown, you’d, Andrew Redington, Coffin ’, Lowry’s, Lowry, Stuart Franklin, Horschel, Scottie Scheffler, ” Lowry, Adam Scott, Lawrence Organizations: CNN, Troon, European, Irish Locations: Scotland, Horschel, American, Troon
“2024 is the first American presidential election year at this intersection of election-related mis- and disinformation and the rapid growth of AI generated content. Misinformation spread rapidly through Pennsylvania during the 2020 election as the swing state faced baseless allegations about voting in Pennsylvania, perceived unfairness toward Republican poll-watchers and violations of election rules. Sabir said the misinformation fighting efforts will target voters where they are, including social media, billboards and radio ads. Fontes was recognized in May for his office’s work creating election security tabletop training exercises aimed to protect the state’s election infrastructure. Bellamy said it’s critical to fight misinformation going into this election, and elections are gaining a lot of negative attention.
Persons: CNN —, Ginny Badanes, Ashley O’Rourke, Badanes, O’Rourke, , it’s, Megan Bellamy, Donald Trump, Seth Bluestein, “ It’s, ” Bluestein, Omar Sabir, ” Sabir, Sabir, Lawrence Norden, Brennan, ” Norden, Adrian Fontes, Fontes, He’s, ” Fontes, Bellamy, it’ll, ” Bellamy, , Alexander Kolodin, Kolodin, Katie Hobbs, David Edmonson, TechNet’s, ” Edmonson, Tony Evers, Adam Neylon, they’re, ” Neylon, Lia Holland, ” Holland, I’ve, Trump Organizations: CNN, Republican National Convention, Microsoft, State, Republican, Arizona, Arizona Republican, HB, Democratic, Wisconsin Gov Locations: Philadelphia, Pennsylvania, Atlanta , Milwaukee, In Arizona, Arizona, Wisconsin
A Trip Into Tornado Alley With America’s Most Obsessive Storm ChaserOn a clear morning in late May, Reed Timmer began the day at home in Lexington, Okla., studying the latest update from the National Weather Service’s storm-prediction center. A month into his freshman year, he went storm chasing, and saw his first tornado. He went on to begin his Ph.D. studies, but the allure of storm chasing waylaid his academic career. Timmer insists that chasing tornadoes is safe, though others’ experience suggests a different conclusion. In 2013, while he was pursuing the El Reno tornado in Oklahoma, four other chasers died in the storm.
Persons: Reed Timmer, Timmer, Edgar ONeal, It’s, ” Timmer, , Bill Paxton, Helen Hunt, Mark L, Smith, Timmer —, Gizmo —, Glen Powell, , Reed, ” Smith, ” “ Reed, Bill Gallus, Kan Organizations: University of Oklahoma, , Chevy Tahoe, Hollywood, Universal Pictures, Warner Brothers, Iowa State University, El, National Weather Service, Subaru Forester, Subaru Locations: Lexington, Okla, Kansas, Texas, America, Chickasaw, Wichita Falls, Windthorst, Oklahoma City, Yorkshire, Timmer, Lawrence, El Reno, Oklahoma, United States, Greenfield , Iowa
Read previewThe final season of "Cobra Kai" is out now on Netflix, but fans must wait until 2025 to see the story fully wrapped up. After three more seasons as one of Netflix's biggest original shows, the "Cobra Kai" creators announced that the sixth season would be the last. The next episodes of "Cobra Kai" air in NovemberTanner Buchanan, Peyton List, Xolo Maridueña and Mary Mouser reprise their role as karate students Robby Keene, Tory Nichols, Miguel Diaz and Samantha LaRusso in "Cobra Kai" season six. Curtis Bonds Baker / NetflixIn May, Netflix announced that the final season of "Cobra Kai" would be split into three releases across 2024 and 2025. Warning: Spoilers ahead for "Cobra Kai" seasons one to five.
Persons: , Kai, Josh Heald, Jon Hurwitz, Hayden Schlossberg, Daniel LaRusso, Ralph Macchio, Johnny Lawrence, William Zabka, we've, Tanner Buchanan, Peyton List, Maridueña, Mary Mouser, Robby Keene, Tory Nichols, Miguel Diaz, Samantha LaRusso, Curtis Bonds Baker, dojos, Fang, Terry Silver, Cobra Kai, Daniel, Johnny, Terry, John Kreese, Martin Kove Organizations: Service, Netflix, Business, YouTube Locations: Spain
These 10 U.S. states have America’s best economies in 2024
  + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com   time to read: +13 min
We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Delaware's economy turned in a lackluster performance in 2023 — the only state economy to shrink last year. Mario Tama | Getty ImagesThe Grand Canyon State's surging chip sector is delivering many dividends, including strong job growth and a healthy housing market. But he noted that construction employment grew at a healthy pace last year, evidence that the state economy still has steam left.
Persons: Dupont De Nemours, Ethan Miller, Kevin C, George Frey, Mark Knold, Knold, Zions, Mario Tama, Katie Hobbs, Allison Joyce, they've, Andrew Berger, Gross, Berger, Nina Dietzel, Lawrence Kessler, Kessler, Brandon Bell, Joe Raedle Organizations: Companies, Business, Delaware, Istock, Getty, Fortune, Census, Commerce Department, Aaa, Direct Investment, Corporate, Gem State, Micron Technology, Lamb Weston Holdings, Silver State, Pew, Major Corporations, Vegas Sands, MGM Resorts, Benz, Cox, Mercedes, Nestlé, Purina, Adidas, Georgia Department of Economic, U.S . Commerce Department, Assurant, Intercontinental, Contractors, Bloomberg, Utah's Department of Workforce Services, Arizona Workers, Gov, Democrat, Major, Technology, North, Health, Employers, North Carolina Department of Commerce, Corporate Headquarters, Bank of America, Duke Energy, Tennessee, University of Tennessee, The Volunteer State, FedEx, Texas Employees, Lone Star State, Entrepreneurship, Oracle, Tesla, Amerant Locations: States, Wilmington, New Castle County , Delaware, Delaware, Incyte, Idaho, Boise , Idaho, USA, Nevada, Las Vegas, Las Vegas , Nevada, Southern California, Vegas, Georgia, Atlanta , Georgia, Peach, Utah, Provo , Utah, U.S, Beehive, Buckeye , Arizona, Arizona, North Carolina, Wilmington , North Carolina, Carolina, Tennessee Nashville , Tennessee, Luling , Texas, The Texas, North Dakota, California, Texas, Florida, Sunrise , Florida
Read previewRepublican presidential nominee Donald Trump on Monday selected Ohio Sen. JD Vance — a Marine veteran, author, and once-critic of the former president — as his running mate for the 2024 election. Military.com could not find any evidence that any vice president served in the Marine Corps . Donald Trump elevated JD Vance to the national stage as his running mate on Monday — and Ukraine is likely worried. The last enlisted vice president was Al Gore, who similarly deployed to Vietnam for six months as an Army correspondent. In April, he used the Iraq War as a historical example against intervention.
Persons: , Donald Trump, Ohio Sen, JD Vance —, Vance, John McCain, Military.com, Allison Jaslow, Jaslow, Trump, JD Vance, Drew Angerer, Lindsay Chervinsky, George, Dwight D, Eisenhower, Richard, Aaron Burr's, Chervinsky, Dan Crenshaw, Jason Crow, Alex Wong, Joel K, Goldstein, Sen, Ohio, Donald Trump's, Carolyn Kaster, Hugh Hewitt, Joe Biden, Biden, Trump's, Al Gore, Jeffrey Dean, America's, Tucker Carlson, Byron Donalds of, US Sen, Andrew Caballero, Reynolds, George W, Bush, Saddam Hussein Organizations: Service, Monday, Ohio, Marine, Business, National Guard, US Navy, Army, Marine Corps, Afghanistan Veterans, George Washington Presidential Library, Continental Army, American, Terror, Saint Louis University, Washington Post, Military, Trump didn't, Associated Press, Corps, Navy, Iraq, AP, Marines, Ohio State University and Yale Law School, Rep, US, Republican National Convention, Senate Locations: Iraq, Afghanistan, America, , Ukraine, Vietnam, Texas, Milwaukee, Ohio, Byron Donalds of Florida, Pennsylvania
As a result, international buyers are pulling out. This comes as both the average ($780,300) and median ($475,000) purchase prices were the highest the NAR ever recorded for foreign buyers. "Therefore, it's not surprising to see a pullback in U.S. home sales from foreign buyers." International buyers tend to pull back during times of political uncertainty. It is unlikely sales from foreign buyers will improve in the coming year unless several factors, both economic and political, improve.
Persons: they're, Lawrence Yun, it's, Yuval Golan, Golan, Waltz Organizations: National Association of Realtors, NAR, FDIC Locations: Canada, China, Mexico, India, Florida , Texas , California, Arizona
Her family had lived in the township for generations, and she wanted her children to be able to live there, too. Then, in the decades after World War II, the federal government financed the construction of highways and tracts of single-family homes. White families fleeing cities like Camden, N.J., and Philadelphia tripled Mount Laurel’s population between 1950 and 1970. When the township sought to condemn an area of dilapidated homes, where some of the town’s Black residents lived, Ms. Lawrence jumped into action. She and her husband owned their home, but Ms. Lawrence was concerned that other Black or Latino residents would be forced out.
Persons: Ethel Lawrence, Lawrence Organizations: Mount Locations: Mount Laurel , N.J, Philadelphia, Camden, N.J, Mount Laurel’s
Jim Obergefell, the named plaintiff in the Obergefell v. Hodges Supreme Court case that legalized same sex marriage nationwide. Eric Gay / AP PhotoOn June 26, 2003, same-sex sexual activity was legalized in Lawrence v. Texas. The Supreme Court of the United States held that criminalizing consensual, same-sex sexual conduct violates the due process clause of the 14th Amendment. On June 26, 2015, exactly 12 years after Lawrence v. Texas, the United States Supreme Court ruled that same-sex marriages are recognized under the 14th Amendment in the Obergefell v. Hodges case. More recently, on June 28, the Texas Supreme Court upheld its 2023 ruling that bans transgender minors from receiving gender-affirming medical care.
Persons: Jim Obergefell, Hodges, Eric Gay, Barack Obama, Bill Clinton's, Lawrence, Momo Takahashi Organizations: Lawrence v . Texas, . Texas, United States Supreme Locations: Lawrence v ., United States, ., Texas
CNN —Buckingham Palace’s famous balcony room, where the monarch and other members of the royal family gather on special occasions before waving at cheering crowds in the streets below, is opening to the public for the first time. Final preparations are made in the Centre Room on July 8, where members of Royal Collection Trust staff tend to a chandelier. Victoria and Prince Albert were the first royals to use Buckingham Palace as a family home, following their marriage in 1840. The East Wing was built shortly after, between 1847 and 1849, to accommodate their growing family. Today, Buckingham Palace is mainly used for official meetings and events.
Persons: CNN — Buckingham, Jonathan Brady, Catherine , Princess of Wales, Queen Victoria, Emperor, Thomas Gainsborough, Thomas Lawrence, Franz Xaver Winterhalter, George IV, Queen Victoria’s, George IV’s, Prince Albert, Keir Starmer, King Charles III, you’re, Buckingham Organizations: CNN’s Royal, CNN, East, Royal Collection Trust, Royal Collection, Brighton, Staff Locations: London, Buckingham, China, England, Victoria, Buckingham Palace’s
The stock market's steady rally is forcing even bullish market forecasters to play catch-up and raise their targets. Ed Yardeni of Yardeni Research late Wednesday hiked his year-end target for the S & P 500 to 5,800 from 5,400. This week's report repeated Yardeni's forecast that the S & P 500 can reach 8,000 by the end of the decade. According to the CNBC Market Strategist Survey , the average year-end target from major banks is 5,464, with a median forecast of 5,600. The S & P 500 is higher by 18% year to date, and nearly 28% over the past 12 months.
Persons: Ed Yardeni, We've, Yardeni, CJ Lawrence, EF Hutton Organizations: Yardeni Research, CNBC Market, Survey, yearend, Nvidia, Prudential Equity Group, Deutsche Bank's, Prudential, Bache Securities, EF
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe new normal for mortgage rates will be around 6%, says NAR’s Lawrence YunLawrence Yun, National Association of Realtors chief economist, joins 'Squawk Box' to discuss the state of the housing sector, whether housing prices have stabilized, mortgage rate trend outlook, and more.
Persons: NAR’s Lawrence Yun Lawrence Yun Organizations: National Association of Realtors
Golub Capital CEO's outlook for Q2 earnings, private markets
  + stars: | 2024-07-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGolub Capital CEO's outlook for Q2 earnings, private marketsLawrence Golub, Golub Capital CEO, joins 'Fast Money' to talk private credit, his earnings outlook, and more.
Persons: Lawrence Organizations: Golub, Golub Capital Locations: Lawrence Golub
Roth individual retirement account conversions are a popular way to reduce future levies on pretax 401(k) or IRA withdrawals — and you can smooth out the upfront tax hit with a "Roth conversion ladder," experts say. Roth conversions transfer pretax or nondeductible IRA money to a Roth IRA, which offers future tax-free growth. The trade-off is regular income taxes incurred that year on the converted balance. By comparison, a Roth conversion ladder is a series of conversions over multiple years, meaning "you're paying taxes in smaller increments," said certified financial planner Preston Cherry, founder and president of Concurrent Financial Planning in Green Bay, Wisconsin. Of course, boosting your adjusted gross income any year can trigger other tax consequences, such as phaseouts for certain tax breaks.
Persons: Roth, Preston Cherry, Ashton Lawrence, pretax, Lawrence Organizations: Roth IRA, Finance, CFP, Mariner Wealth Advisors Locations: Green Bay , Wisconsin, Greenville , South Carolina
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