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The Federal Reserve cut interest rates in its September meeting. With inflation starting to level off and the Fed cutting interest rates in its September 18 meeting, many experts believe rates have only just started dropping. After all, lower rates help consumers save when they borrow money, but they also translate to lower rates on savings accounts and money market accounts. For example, borrowing money at lower rates can make it easier to purchase a home, finance a car, or start a business. Lower interest rates can also help potential homebuyers buy a pricier home, since less of the mortgage payment they qualify for goes toward interest each month.

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☆ Charles' mugs and plates: Workers busy making pottery fit for a new king
▼ + stars: | 2023-03-16 | by ( Ben Makori | ) www.reuters.com time to read: +1 min

STOKE-ON-TRENT, England, March 16 (Reuters) - British pottery makers are continuing a tradition going back centuries by producing tens of thousands of commemorative mugs, plates and teapots to mark the upcoming coronation of King Charles. Charles will be the first British monarch to be crowned for seven decades following the record-breaking reign of his mother Queen Elizabeth. Workers at the Emma Bridgewater ceramics factory in Stoke-on-Trent, a city in central England famed for its pottery, are already busy producing swathes of handmade and decorated ceramics for the occasion. It follows a tradition of producing pottery to mark notable royal occasions such as births, weddings and anniversaries which goes back hundreds of years, to the time of the current monarch's namesake and predecessor Charles II. Charles himself visited the factory back in 2010, while his daughter-in-law Kate, the Princess of Wales, toured it five years later.

☆ What's a mortgage rate buydown? 3 things you need to know to avoid 'lighting money on fire'
▼ + stars: | 2023-03-05 | by ( Jason Stauffer | Elizabeth Gravier | ) www.cnbc.com time to read: +11 min

How does a mortgage rate buydown work? The terms are sometimes used interchangeably, so it's important to understand how your individual mortgage lender is defining the buydown. When you pay for discount or mortgage points, you permanently lower your mortgage's interest rate (as opposed to buydowns which only temporarily lower the rate). So it may make less sense for these types of borrowers to pay for a lower rate. You'll want to pay attention to your mortgage's closing costs because the fees you pay can wipeout the potential savings from securing a lower mortgage rate.

☆ Now may be a great time for buyers to score their dream homes as mortgage rates dip back towards 6% and desperate sellers are willing to accept most offers
▼ + stars: | 2023-01-27 | by ( Kelsey Neubauer | Robert Davis | ) www.businessinsider.com time to read: +4 min

More buyers have gotten back into the market as mortgage rates dip from last year's high. But the real estate market was quickly moving against them as mortgage rates skyrocketed over 7%, and home prices were stubbornly high. "We went from sellers controlling everything, to now being more of a neutral, and even almost a buyer's market." Those looking for a new home are in a good place to cash-in on the perks of a buyer's market right now, Shupe said. In negotiating deals for buyers, she said she's asking sellers to pay fees that result in lower mortgage rates for the buyer.

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