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Mortgage rates have trended downward over the last few days, and they might continue to decrease in the coming weeks. These are two signs that the economy is starting to cool, which is often a good sign for mortgage rates. We'll need to see long-term, consistent signs that the US economy is cooling off for mortgage rates to drop significantly. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 15-year Fixed Mortgage RatesAverage 15-year mortgage rates were 7.03% last week, unchanged from the previous week, according to Freddie Mac data.

Persons: Freddie Mac —, Jerome Powell, you'll, Freddie Mac Organizations: Federal Reserve, Zillow Locations: Chevron

A cooling job market generally means good things for mortgage rates. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. 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 7.03% this week, according to Freddie Mac data — exactly the same as the week before. Mortgage rates started ticking up from historic lows in the second half of 2021 and increased significantly in 2022.

Persons: Freddie Mac, it's Organizations: Labor Statistics, Zillow Locations: Chevron

Average 30-year mortgage rates were 7.76% this week, a three-point decrease from the previous week, according to Freddie Mac. Borrowers wondering where mortgage rates will go next should keep an eye on the latest economic data. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. 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. But whether mortgage rates will drop in 2023 hinges on if the Federal Reserve can get inflation under control.

Persons: Freddie Mac, Jerome Powell, Fannie Mae Organizations: Zillow, Federal Reserve, Mortgage, Association, Sky, ARM Locations: Chevron

Law enforcement officials came across a staggering find after being tipped off about possible drug-dealing: dozens of dog-food-size bags of psychedelic mushrooms worth an estimated $8.5 million at a home in rural Connecticut. About 20 other states have active legislation on changing laws on psychedelic drugs, according to Psychedelic Alpha, a group that tracks such legislation. Contact information for him could not be found in public records, and court records did not list a lawyer for him. Two years later, Colorado voters passed a ballot measure to decriminalize psychedelic mushrooms and to create state-regulated centers where participants can experience the drug under supervision. Gavin Newsom vetoed a bill that would have decriminalized the possession and personal use of several hallucinogens, including psychedelic mushrooms, saying the state first needed regulated guidelines.

Persons: “, Gavin Newsom Organizations: Alpha, Authorities, Burlington, State, Food and Drug Administration Locations: Connecticut, Burlington, Hartford, U.S, Federal, New Britain, Oregon, Colorado, California

☆ Ivana Trump's $22.5 million townhouse is still on the market after a year — look inside
▼ + stars: | 2023-11-02 | by ( Ray Parisi | ) www.cnbc.com time to read: +5 min

watch nowThe late Ivana Trump's townhouse in New York has sat on the market for one full year with no takers. He was hired by Ivana Trump's estate, which benefits her three children Ivanka, Donald Jr. and Eric, according to Erickson. Ivana Trump's former NYC townhouse sits between Fifth and Madison Avenue on 64th Street. Living room Evan Joseph / Douglas EllimanPublic records show Ivana bought the limestone townhome in 1992 for $2.5 million. Primary bedroom Evan Joseph / Douglas EllimanIvana's former en suite bedroom spans the entire third floor and includes a fireplace and terrace.

Persons: Ivana Trump's, Ivana Trump, Donald Trump's, banister, Evan Joseph, Douglas, J, Roger Erickson, Douglas Elliman, Ivanka, Donald Jr, Eric, Erickson, It's, Ivana, Louis the, Jonathan Miller, Miller Samuel, Miller Organizations: Madison, Miller Samuel Inc, CNBC Locations: New York, Versailles, Fifth, St, NYC

Mortgage rates have cooled somewhat in recent days, and 30-year mortgage rates are now the lowest they've been since mid-October. If the Fed is able to stop hiking rates, mortgage rates should recede a bit. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. But whether mortgage rates will drop in 2023 hinges on if the Federal Reserve can get inflation under control. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: isn't, Jerome Powell, Powell, you'll, Fannie Mae Organizations: Federal Reserve, Zillow, Fed, Mortgage, Association, Sky Locations: Chevron

☆ Guatemala's First 3D-Printed Tiny Home Is Earthquake Resistant: Photos
▼ + stars: | 2023-11-02 | by ( Brittany Chang | ) www.businessinsider.com time to read: +4 min

Using a COBOD printer, 3DCP Group and Progreso have built what they say is Guatemala's first 3D-printed tiny home. Over the last few years, more US startups and real estate companies have been turning to 3D printing construction methods. Progreso, 3DCP Group, COBODNow, the global 3D printing community is welcoming one of its newest builds: an earthquake-resistant tiny home in Guatemala. Progreso, 3DCP Group, COBODProponents of 3D printing construction say the tech can build homes faster and cheaper with less waste and labor. AdvertisementAdvertisement"I hope that in decades from now, there'll be 3D printers on most construction sites around the globe," Lund-Nielsen said.

Persons: —, 14Trees, it's, Philip Lund, COBOD's, wasn't, Nielsen, Lund Organizations: 3DCP, Service, Central American, Kenyan, Nielsen, LinkedIn, 3DCP Group, Lund Locations: Progreso, Austin , Texas, Madagascar, Kenya, Guatemala, Denmark

☆ See how a couple transformed a $95,000 haunted Victorian mansion in Michigan into a colorful, maximalist wonderland
▼ + stars: | 2023-11-02 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

Michelle Carder and Michael Ochs moved into a century-old Victorian home in Michigan in May 2016. AdvertisementAdvertisementVictorian homes are an alluring, lifelong love affair for Michelle Carder, who's fascinated with the era's grandeur and history. "The Victorian era was the first time in history that average people could afford to decorate their homes beautifully. The couple purchased the four-bedroom, three-bathroom home for $95,000 from an investment group that was "desperate to get rid of this thing," Carder said. AdvertisementAdvertisementMuch of those funds — $250,000, to be exact — have been poured into transforming the ho-hum Victorian home into a maximalist wonderland.

Persons: Michelle Carder, Michael Ochs, Carder, —, who's, maximalism, hasn't, We've, Ochs, Alphonse Mucha, Mucha Organizations: Service, Facebook, Ebay Locations: Michigan, Carder, Cadillac , Michigan, Grand Rapids, Orange County , California, Florida

See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-Year Fixed Mortgage Rates Decrease Slightly (-0.05%)The current average 30-year fixed mortgage rate is 7.63%, down five basis points since this time last week. 20-Year Fixed Mortgage Rates Go Down (-0.12%)The average 20-year fixed mortgage rate is down 12 basis points from last week and sits at 7.41%. 15-Year Fixed Mortgage Rates Barely Inch Down (-0.02%)The average 15-year mortgage rate is 6.87%, nearly flat compared to last week. Mortgage rates have risen throughout 2023, and they're higher than they were in November 2022.

Persons: Fannie Mae, you'll, refinance, It's Organizations: Federal Reserve, Zillow, FHA Locations: Chevron

☆ A new 'wake-up call for real-estate agents' could reshape how we buy and sell homes
▼ + stars: | 2023-11-01 | by ( Hana R. Alberts | ) www.businessinsider.com time to read: +4 min

A jury found Tuesday that real-estate agents and brokerages kept their commissions artifically high. The verdict, she added, is "a wake-up call for real-estate agents." The seller might no longer pay out both agents' commissions after the sale closes. Currently, home sellers often list their properties for higher sums because they expect to pay broker fees. AdvertisementAdvertisement"NAR and corporate real-estate companies have had a stranglehold on real-estate commissions for too long," the plaintiffs' lawyer, Michael Ketchmark, said outside the courtroom Tuesday, according to the Journal.

Persons: brokerages, —, Sissy Lappin, James Rodriguez, Rodriguez, Bernstein, Keller Williams, Michael Ketchmark Organizations: Service, National Association of Realtors, NAR, Wall Street, Keller, Keller Williams Realty Locations: Houston , Texas, Midwest

Average 30-year mortgage rates reached 23-year highs in October, and they remain elevated today. As inflation comes down and the Fed is able to stop hiking rates, mortgage rates should start to recede. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 7.03% last week, according to Freddie Mac data. Mortgage rates increased dramatically in 2022 and have been volatile so far in 2023, but they're expected to trend down later this year.

Persons: It's, Fannie Mae, they're, you'll, Freddie Mac Organizations: Federal, Zillow, Federal Reserve Locations: Chevron

The verdict by a federal jury in Kansas City, Missouri, could upend decades-old practices that have allowed real estate agents to boost commissions as home prices and mortgage rates rise, hurting consumers by making housing transactions more expensive. Plaintiffs in the class action included sellers of more than 260,000 homes in Missouri, Kansas and Illinois between 2015 and 2022, who objected to the commissions they were obligated to pay buyers' brokers. The verdict followed a two-week trial, and the damages award can be tripled under U.S. antitrust law to more than $5.3 billion. Shares of real estate brokerages not involved in the verdict closed lower. Re/Max fell 4.4% and Anywhere fell 2.7%, while online brokers Zillow Group (ZG.O) and Redfin (RDFN.O) declined 6.9% and 5.7%, respectively.

Persons: Larry Downing, Warren Buffett's Berkshire Hathaway, Michael Ketchmark, realty Keller Williams, Mantill Williams, HomeServices, Keller Williams, Darryl Frost, Frost, Sellers, Corcoran, Max, brokerages, Mike Scarcella, Jonathan Stempel, Lance Tupper, David Bario, Chizu Nomiyama, Jonathan Oatis, David Gregorio Our Organizations: National Association of Realtors, REUTERS, realty, NAR, Coldwell Banker, Zillow, U.S . Department of Justice, Thomson Locations: Fairfax, Virginia, U.S, Warren, Kansas City , Missouri, Missouri , Kansas, Illinois, Berkshire, America, Washington, Maryland, New York

This will probably be a significant week for those wondering when mortgage rates will finally fall. Currently, mortgage affordability is at its lowest level in over two decades, with 30-year mortgage rates hovering near 8%. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-year Fixed Mortgage RatesLast week, the average 30-year fixed mortgage rate was 7.79%, according to Freddie Mac. 15-year Fixed Mortgage RatesAverage 15-year mortgage rates were 7.03% last week, an 11-point increase compared to the prior week, according to Freddie Mac data.

Persons: you'll, Freddie Mac Organizations: Federal, of Labor Statistics, Zillow, Federal Reserve Locations: Chevron

Commentary coming out of the meeting from Fed officials will likely have some impact on mortgage rates. This would take some of the extreme upward pressure off of mortgage rates and likely allow them to trend down. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. 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. Mortgage rates started ticking up from historic lows in the second half of 2021 and increased significantly in 2022.

Persons: Jerome Powell's, Freddie Mac, it's Organizations: Federal Reserve, Fed, Zillow Locations: Chevron

Average 30-year mortgage rates remain at their highest levels since 2000, but they could start falling soon as inflation decelerates. If you're thinking about buying soon but can't stomach current mortgage rates, you might have more luck closer to the end of 2024. 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. But whether mortgage rates will drop in 2023 hinges on if the Federal Reserve can get inflation under control. Sky high mortgage rates have pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices.

Persons: Fannie Mae Organizations: of Commerce, Zillow, Federal Reserve, Mortgage, Association, Sky, ARM Locations: Chevron

The still-heated economy and uncertainty over whether it will cool sufficiently has pushed mortgage rates up in recent weeks. Average 30-year mortgage rates are closer to 8% than they've been in 23 years, reaching 7.79% this week, according to Freddie Mac. Average 15-year mortgage rates are also extremely high, and have surpassed 7% for the first time since December 2000. But whether mortgage rates will drop in 2023 hinges on if the Federal Reserve can get inflation under control. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they've, Freddie Mac, Sam Khater, Freddie Mac's, you'll, Fannie Mae Organizations: Federal, Zillow, Federal Reserve, Fed, Mortgage, Association, Sky Locations: Chevron

Depending on their credit score, borrowers could see 30-year mortgage rates between 7.544% and 9.133% on a $300,000 loan, according to myFICO. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. Mortgage Rates for Buying a Home30-Year Fixed Mortgage Rates Inch up Very Slightly (+0.05%)The current average 30-year fixed mortgage rate is 7.68%, up five basis points since this time last week. 20-Year Fixed Mortgage Rates go Down (-0.10%)The average 20-year fixed mortgage rate is down 10 basis points from last week and sits at 7.53%. 15-Year Fixed Mortgage Rates Increase (+0.17%)The average 15-year mortgage rate is 6.89%, an increase from last week.

Persons: Fannie Mae, you'll, It's, refinance Organizations: Zillow, FHA Locations: Chevron

☆ I live in a tiny home mansion and fell in love with it — it's the only way I could afford to live in California
▼ + stars: | 2023-10-26 | by ( Fortesa Latifi | ) www.businessinsider.com time to read: +6 min

She moved to California to live in what she calls a "tiny mansion" and has no regrets. AdvertisementAdvertisementMy tiny mansion allowed me to move to an expensive areaThe living room of Murphy's tiny home. I now live in Ramona, California, about 45 minutes from downtown San Diego, in what I call my "tiny mansion." It's 550 square feet total, and I'm part of a tiny home community that has a mix of tiny homes on wheels, park models, and manufactured homes. I'm having a hard time with cell reception in my tiny mansion, but that will be worked out.

Persons: Stacey Murphy, —, It's, Lindsay Wood, I'd, Murphy, Stacey Murphy I'm, I'm, it's, you'd Organizations: Service Locations: California, Brooklyn , New York, Florida, Ramona , California, San Diego

☆ 'Spider-Man 2' reveals Peter Parker's mortgage rate, so I asked brokers if he got a good deal in the new PS5 game
▼ + stars: | 2023-10-25 | by ( Paul Squire | ) www.businessinsider.com time to read: +5 min

In the new "Spider-Man 2" Playstation 5 game, the mortgage on Aunt May's house is revealed. Fans online are losing their minds over the eye-watering sum, but is our favorite web-slinging superhero's mortgage loan really that bad? During one scene in the new video game, Parker and his flame, MJ Watson, return to Aunt May's house in Forest Hills. AdvertisementAdvertisementThe game's developer, Insomniac, thankfully gave us a hand in figuring out what kind of loan Peter is facing. Angelo Gionis, senior vice president at Contour Mortgage, told Insider that while he wouldn't say it was a super deal, Spider-Man's mortgage was fair — if it was actually a second mortgage Aunt May took out.

Persons: Peter Parker, May's, —, Parker, MJ Watson, Aunt May's, Peter, Aunt May, Rafael Reyes, Reyes, Angelo Gionis, Gionis, there's Organizations: realtors, Service, New, Cross Country Mortgage, Contour Mortgage, Reserve Locations: NYC, Queens, New York City, Forest Hills

Average 30-year mortgage rates are currently at a two-decade high. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. 30-Year Fixed Mortgage RatesLast week's average 30-year fixed mortgage rate is 7.63%, according to Freddie Mac. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.92% last week, according to Freddie Mac data. Mortgage rates increased dramatically in 2022 and have been volatile so far in 2023, but they're expected to trend down later this year.

Persons: you'll, Freddie Mac Organizations: Zillow, Federal Reserve Locations: Chevron

Rates just keep climbing, with 30-year mortgage rates hovering near 8%. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments. 30-year Fixed Mortgage RatesLast week, the average 30-year fixed mortgage rate was 7.63%, according to Freddie Mac. 15-year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.92% last week, a 3-point increase compared to the prior week, according to Freddie Mac data. Mortgage rates started ticking up from historic lows in the second half of 2021 and increased over three percentage points in 2022.

Persons: Lawrence Yun, you'll, Freddie Mac Organizations: National Association of Realtors, Federal, Zillow, Federal Reserve Locations: Chevron

☆ Insurance companies have discovered devious new ways to rip you off
▼ + stars: | 2023-10-23 | by ( Jathan Sadowski | ) www.businessinsider.com time to read: +16 min

Unfortunately, as premiums for everything from home insurance to car insurance skyrocket, more of us are being forced to dwell on the opaque and convoluted insurance industry. AdvertisementAdvertisementTo determine that magic price tag, insurance companies drill down into the nitty-gritty details of your life. I'll go even further: To boost their own profits, insurance companies are becoming increasingly antisocial and antagonistic. To boost their own profits, insurance companies are becoming increasingly anti-social and antagonistic. The stuff of insurance is far too important to be left to the insurance industry.

Persons: Søren Holm, Duncan Minty, Kengo Sakurada, you've, Colm Holmes, —, Holmes, Inga Beale, Beale, ProPublica, Cigna Organizations: Consumers, Caliber, Insurance, Sompo Holdings, Aviva, Allianz Holdings —, of Actuaries, State Farm, Farm, New York Times, of Information Technology, Monash University Locations: London, State

Average 30-year mortgage rates neared 8% last week, and they could remain elevated for a while longer. In its latest forecast, the Mortgage Bankers Association predicted that mortgage rates will fall to 6.6% in the first half of 2024 and reach 6.1% by the end of next year. 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. 30-Year Fixed Mortgage RatesLast week, the average 30-year fixed mortgage rate was 7.63%, according to Freddie Mac. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates were 6.92% last week, according to Freddie Mac data.

Persons: Freddie Mac, it's Organizations: Mortgage Bankers Association, Zillow Locations: Chevron

☆ Funeral of Detroit synagogue leader set for Sunday; police seek motive
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

The skyline of Detroit is seen looking south from the midtown area in Detroit, Michigan October 23, 2013. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 22 (Reuters) - A funeral will be held on Sunday for the president of a Detroit synagogue who was killed over the weekend, according to the funeral home's website, as police searched for a motive. "We are shocked and saddened to learn of the unexpected death of Samantha Woll, our Board President," the synagogue said in a Facebook post. Michigan Attorney General Dana Nessel remembered Woll as being driven by "her sincere love of her community, state and country." The funeral services will be held on Sunday afternoon in suburban Detroit.

Persons: Rebecca Cook, Samantha Woll, Isaac, James E, White, Dana Nessel, Woll, Sam, Nessel, Elissa Slotkin, Maria Caspani, Sharon Bernstein, Josie Kao Organizations: REUTERS, Democratic, Detroit Police Department, Police, Detroit Police, Reuters, Michigan, U.S . House, Thomson Locations: Detroit, Detroit , Michigan, Lafayette Park, Joliet Place

Inflation and hikes from the Federal Reserve have pushed mortgage rates up to record highs over the past year and a half. Mortgage rates will fall eventually, but there's still a decent amount of uncertainty in the economy. See more mortgage rates on Zillow Real Estate on ZillowMortgage Refinance Rates TodayMortgage type Average rate today This information has been provided by Zillow. 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. But whether mortgage rates will drop in 2023 hinges on if the Federal Reserve can get inflation under control.

Persons: there's, decelerate, Fannie Mae Organizations: Federal Reserve, Zillow, Mortgage, Association, Sky, ARM Locations: Chevron

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