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Inflation slowed last month according to the Federal Reserve's preferred measure, which means mortgage rates could soon trend down. As inflation slows and the Fed is able to start lowering the federal funds rate, mortgage rates are expected to decrease. 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. As inflation slows and the Federal Reserve is able to start cutting the federal funds rate, mortgage rates are expected to trend down as well.

Persons: Fannie Mae Organizations: Federal, Commerce Department, Zillow, Federal Reserve, Mortgage, Association, ARM Locations: April's, Chevron

☆ Casa Susanna: How an upstate New York home became a safe haven for trans women in 1960s America
▼ + stars: | 2024-06-26 | by ( Suyin Haynes | ) edition.cnn.com time to read: +11 min

Her name is Susanna Valenti, and her home is Casa Susanna, located in the Catskills, in upstate New York. Pictured above, guests with Susanna Valenti (right) in her wife Marie Tonell's New York City apartment, circa 1960-63. Susanna (right) and two friends are pictured on a swing set at Casa Susanna, circa 1960. In discoveries of other Casa Susanna photographs, multiple copies of the same image have been found. I think people find it somewhere between charming and mind blowing.” Pictured above, guests at Casa Susanna circa 1964-68.

Persons: Susanna Valenti, Casa, Casa Susanna, “ Casa, Valenti, Marie Tonell, Cindy Sherman, Louise Lawrence, Harvey Fierstein’s “, Valentina ”, Sophie Hackett, Marie Tonell's, Susan Stryker, “, ” Stryker, I’ve, ’, ‘, Virginia Prince, Stryker, “ Transvestia ”, Susanna, Lili, Wilma, Prince, Virginia, ”, Susanna Says, Casa Susanna ., Tonell, Gloria, Jessica, Lee Miller, ” Lili, that’s, Hackett, ” Hackett, Transvestia, ” Prince, Transvestia ”, Isabelle Bonnet Organizations: CNN, Art, Ontario’s, First Trans Network, Louise Lawrence Transgender, Casa Susanna, Hudson, Casa, Virginia, of Ontario, Prince Locations: New York, United States, New York City, York City, Los Angeles, America, Casa, Chile, Michigan, Colombian, Thames, Hudson

According to data from Zillow, 30-year mortgage rates are currently 6.55%, and 15-year mortgage rates are currently 5.96%. Mortgage rates could decrease more dramatically if the Fed decides to cut rates. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. Sky high mortgage rates have pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they've, you'll, Fannie Mae Organizations: Zillow, Mortgage, Association, Sky Locations: Zillow, Chevron

This is good news for mortgage rates, but we'll need to see more data showing that inflation is sustainably coming down before rates can fall further. As inflation slows and the Fed is able to start lowering the federal funds rate, mortgage rates are expected to go 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. Lower mortgage rates will bring more buyers onto the market, putting upward pressure on prices.

Persons: Fannie Mae Organizations: of Labor Statistics, Zillow, Federal Reserve, Mortgage, Association, ARM Locations: Chevron

☆ Their trip to Bali was going to be a month long. But they fell in love with the island and built a house near the sea, giving up city life for good.
▼ + stars: | 2024-06-17 | by ( Amanda Goh | ) www.businessinsider.com time to read: +9 min

Amanda Goh/Business InsiderInitially, they planned to use Bali as a base to travel around Asia. Amanda Goh/Business Insider"It was very busy, very loud, and a lot of traffic," Lucie said. Amanda Goh/Business InsiderBuilding the home took about four months, and they estimate they spent about $70,000 on the build. Amanda Goh/Business InsiderFor instance, the couple's house is supported by six steel pillars and made from local brick. Amanda Goh/Business Insider"How much material was extracted from the ground, transported, and transformed?

Persons: —, Lucie Yu, Lucie, Tanguy, Amanda Goh, Tony Gwilliam, Gwilliam, R, Buckminster Organizations: Service, Business Locations: Bali, Lombok, Paris, Asia, Kerobokan, Canggu, Kediri

☆ Home equity is near a record high. Tapping it may be tricky due to high interest rates
▼ + stars: | 2024-06-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

But tapping it may be tough due to high interest rates, according to financial advisors. Reverse mortgageA reverse mortgage is a way for older Americans to tap their home equity. A reverse mortgage is likely best for people who have much of their wealth tied up in their home, advisors said. A home equity conversion mortgage (HECM) is the most common type of reverse mortgage, according to the Consumer Financial Protection Bureau. watch nowA reverse mortgage is available as a lump sum, line of credit or monthly installment.

Persons: Selma Hepp, Hepp, Lee Baker, Atlanta . Baker, Kamila Elliott, Grace Cary, Elliott, Baker, Alexander Spatari, Cash Organizations: Getty, Apex Financial Services, Collective Wealth Partners, Consumer Financial, Bureau Locations: Cultura, Atlanta .

☆ The 'Full House' home is on the market for $6.5 million, but there's no '80s decor or red door in sight. Take a look.
▼ + stars: | 2024-06-08 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +1 min

The "Full House" townhouse in San Francisco is back on the market, now priced at $6.5 million. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe San Francisco house used as the Tanner residence in the beloved sitcom "Full House" is back on the market for $6.5 million. So the memorable living room and kitchen where countless humorous exchanges took place never actually existed inside the house.

Persons: Jeff Franklin, —, Tanner Organizations: Service, Business Locations: San Francisco, Los Angeles

☆ This skinny house is so narrow that some people can touch both walls at once — and its price just fell again. See inside.
▼ + stars: | 2024-06-07 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +1 min

A Washington DC developer was forced to build a skinny home — six feet wide at its narrowest point. Zoning laws made it hard to build any bigger on the 0.02-acre property, the listing agent said. The narrow home listed for $799,900 in July 2023, but the price just dropped further to $570,265. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: —, Jennifer Young, Keller Williams, Nady Samnang Organizations: Washington DC, Service, Keller Williams Chantilly Ventures, Business Locations: Washington ,

☆ Craft cocktails, mountain bikes and art: Walmart's hometown is booming, and getting more expensive
▼ + stars: | 2024-06-06 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +13 min

— When Gil Curren's family moved into a run-down farmhouse in Walmart's hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn't yet a decade old. Craft cocktails, hipster coffee shops and chef-driven restaurants have popped up around the city. Realtor Kristen Boozman, who works for Sotheby's, helps clients search for homes in the Bentonville area, including many buyers who are relocating from another city. Home values have shot up in the Bentonville area. A Walmart spokeswoman said the Walton Family Foundation funds and advocates for affordable housing projects in the Bentonville area.

Persons: Gil Curren's, it's, Sue, Gil Curren, Melissa Repko, Hunt, Tyson, Shawn Baldwin, Sam Walton, Walton, Walton's, Steuart, Tom Walton, Sam Walton's, Alice Walton, Bridges, She's, Crystal Bridges, Kristen Boozman, There's, Donna Morris, Morris, Tracy Robinson, she's, CNBC Tracy Robinson, Robinson, Stanley, Matthew Cooper, Tom, Cooper, he's, district's, It's, Jeff Webster, Bentonville Shawn Baldwin Organizations: Cyclists, Kansas City, CNBC, Walmart, Craft, Fortune, Tyson Foods, PepsiCo, Hershey, Mattel, . Census, Cushman &, Sage Partners, of Commerce, Northwest Arkansas Council, D.C, Ropeswing Hospitality, Bentonville Schools, Excellerate Foundation, Walton Family Foundation, Walton Family, Bentonville Locations: BENTONVILLE, Ark, Walmart's, Bentonville , Arkansas, Bentonville, Kansas, Austin , Texas, New York, U.S, Silicon, It's, Arkansas, Cushman & Wakefield, American, Crystal, Austin, Boise , Idaho, Dallas, Fort Worth, Atlanta, Toronto, New York City, Miami, Washington, New York City , Washington, Bentonville's

From a broken freezer of spoiled food to a withered vegetable garden, house sitters can prevent disaster from striking while you kick back and relax. The most trusted pet-sitting appRover Pet-sitting and Dog Walking Rover is a one-stop-shop for everything pet care. For pet sitters, Rover's ability to set your own rates after passing the background check and safety quiz is a major perk. The best for pet-sitting businesses near youPet Sitters International Pet Sitting Certification Rather than a service platform, Pet Sitters International is a search engine pet owners and certification source for aspirational sitters. For pet owners, the organization offers an online database of registered pet sitters.

Persons: that's, it's, Meowtel Organizations: Business, Rover

Mortgage rates are up slightly after initially trending a bit lower over the past few weeks. "Following several weeks of decline, mortgage rates changed course this week," Sam Khater, Freddie Mac's chief economist, said in a press release. 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 RatesLast week, average 15-year mortgage rates were 6.36%, a 12-basis-point increase from the previous week, according to Freddie Mac data. Once the Fed cuts rates, mortgage rates should fall even further.

Persons: Freddie Mac, Sam Khater, Freddie Mac's, you'll, it's Organizations: Federal Reserve, Zillow Locations: Chevron

Mortgage rates have been holding relatively steady this month, though 30-year mortgage rates inched up slightly this week. 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 6.36% this week, according to Freddie Mac data, which is a 12-basis-point increase from the previous week. Now that the Fed has paused hiking rates, mortgage rates have come down a bit. Once the Fed starts cutting rates, which is likely to happen this year, mortgage rates should fall even further.

Persons: Lawrence Yun, Freddie Mac Organizations: National Association of Realtors, NAR, Zillow, Federal Reserve, Fed Locations: Chevron

☆ Luxury homebuyers can now get an art collection as part of the deal
▼ + stars: | 2024-05-31 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +5 min

Los Angeles real estate company The Agency is selling homes complete with artwork and furniture. Lester, a partner at real estate firm The Agency, is currently selling several new-build luxury homes in Beverly Hills designed by architecture firm Olson Kundig, and has a put together a "full collection" of art in a handful of them. Seen here is the interior of a home that is part of a collection known as The Houses at 8899 Beverly. Rather than simply being "staging" pieces brought in temporarily, the art and furniture is also available to purchase, Lester said. Artelier commissioned a collection of artwork for the public areas at One at Palm Jumeirah, Dorchester Collection, a residential building in Dubai.

Persons: Shaina McCoy, Nils Timm, Paul Lester, Lester, Olson Kundig, Beverly —, Michelle Mary Lee, Irvin Pascal, David Knowles, Knowles, Artelier, Fenton Whelan, Renzo Piano, they've, Kristy Kun Organizations: Agency, CNBC, Los, Beverly, Lazaros, The Agency, Creative Art Partners, London Locations: Angeles, Los Angeles, Beverly Hills, British, Eaton Place, London, Hyde, Dubai, Miami, Jumeirah, Dorchester

If inflation continues to decelerate in the coming months, mortgage rates could fall further. 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 because inflation has been somewhat sticky in recent months, mortgage rates have remained elevated so far this year. Lower mortgage rates will bring more buyers onto the market, putting upward pressure on prices.

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

After finally dropping below 7% earlier this month, 30-year mortgage rates have been holding relatively steady in the mid-to-high 6% range, according to Zillow data. Once the Fed is able to start lowering rates, mortgage rates are expected to fall. Mortgage rates are expected to go down this year, but they might not drop as much as initially expected. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: Federal, Consumer, Mortgage, Zillow, Association, Sky Locations: March's, Chevron

☆ Denmark Made Home Buying Easier. America Should Follow Its Lead.
▼ + stars: | 2024-05-29 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

When mortgage rates shoot up, as they did over the past two years, many would-be sellers decide they don't want to move after all. AdvertisementAs the Federal Reserve began pushing up borrowing rates in the spring of 2022, hoping to reel in rising inflation, mortgage rates went vertical. So far, this system of pooling together mortgage bonds and selling them to investors is pretty close to the American way of doing things. When US homeowners pay off their mortgages, they have only one option: pony up the amount left on the loan. That's not just good for buyers or sellers or mortgage loan officers — it's good for everyone.

Persons: It's, John Campbell, Danes, Freddie Mac, that's, Will Doerner, —, aren't, pesky, Campbell, Fannie Mae, Banks, Jesper Berg, there's, That's Organizations: Harvard, Federal Reserve, Federal Housing Finance Agency, Homeowners, Danish Financial Supervisory Authority Locations: America, …, Denmark, Zillow, Canada, Australia, Danish

☆ Some wealthy people trying to sell their luxury homes are struggling
▼ + stars: | 2024-05-28 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +5 min

Read previewThe world of luxury real estate might seem like a place where deals are plentiful, transactions are swift, and satisfaction is guaranteed. "I wanna be free to garden and travel and not have to worry about the house — but I'm not taking nothing," Morgan told Curbed. "A lot of luxury buyers may already have a primary home, so maybe they're looking for a new investment," StreetEasy Senior Economist Lee said. AdvertisementThat's partly why more luxury buyers are increasingly considering renting out their homes rather than selling them, he added. Concierge AuctionsLee noted another factor contributing to the difficulty of selling luxury properties: the high costs associated with their maintenance and upkeep.

Persons: —, Kenny Lee, Sonja Morgan, John Adams Morgan, Morgan Chase, Morgan, Curbed's Bridget Read, I'm, Michael Jordan, There's, Nile Niami, Richard Saghian, Ron DeSantis, Lee, canalso, It's Organizations: Service, Business, Housewives, New, Fashion, Florida Gov, Morgans, Yorker Locations: New York City, New York, Chicago, Los Angeles, Upper Eastside

☆ 'Home Alone' house in Chicago suburbs hits the market
▼ + stars: | 2024-05-28 | by ( Rebecca Cohen | ) www.cnbc.com time to read: +1 min

"Home Alone" house, located at 671 Lincoln Avenue in Winnetka, Illinois is seen on December 1, 2021. Airbnb is offering a one-night-only rental of the iconic "Home Alone" house in Winnetka, Illinois. The famed home in the Chicago suburbs where Kevin McCallister was once left behind from a family trip to Paris went on sale this week, according to a Zillow listing for 671 Lincoln Ave. in Winnetka. It's on sale for the first time since 2012, when the current owners bought it for $1.58 million, according to the Zillow page. The house was also "fully renovated and expanded" in 2018, according to Zillow.

Persons: Airbnb, Kevin McCallister Organizations: Lincoln, High School, NBC Chicago Locations: Winnetka , Illinois, Chicago, Paris, Winnetka, New Trier

☆ Meet the art collectors with home galleries: 'The stock market doesn't give me any fulfillment'
▼ + stars: | 2024-05-27 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +8 min

Entrepreneur Grant Cardone said collecting and displaying art gives him more fulfilment than investing. Grant CardoneMultimillionaire Grant Cardone, who has been collecting art for around 15 years, says he's a spontaneous buyer. Bunker artChristian and Karen Boros' home is on top the bunker that houses their private art collection, the Boros Collection, in the center of Berlin, Germany. An artwork by Cyprien titled "Gaillard Lesser Koa Moorhen," 2013, part of the Boros Collection. Karen and Christian Boros live in a penthouse apartment above their art collection in Berlin.

Persons: Grant Cardone, Grant Cardone Multimillionaire Grant Cardone, Cardone, Grant Cardone's, Burton Morris, Tommy Hilfiger, Hilfiger, Basquiat, Grant, —, Kenny Scharf, Scharf, Phillips, Jean, Michel Basquiat, gesturing, Al, Holly, Christian Levett, He's, Levett, Elaine de Kooning, Pat Passlof, Helen Frankenthaler, Joan Mitchell, It's, … Mitchell, Elaine, Kooning, John F, Kennedy, Karen Boros, John Macdougall, Christian, Raoul Zoellner, Cyprien, Boros, Noshe Christian, Joseph Beuys —, Zoellner, Karen, Christian Boros, Max von Gumpenberg Organizations: CNBC, Apple, Grant Cardone's Miami, Harvard University and New York University, Mougin Museum, London, AFP, Getty, Berlin, Noshe, Financial Times Locations: Miami, Cardone's, American, Grant Cardone's, Florence, Italy, Mougins, France, Ponte, Berlin, Germany

☆ Homes on billionaire hot spot Nantucket are falling into the ocean at an alarming rate — but the wealthy won't stop buying
▼ + stars: | 2024-05-24 | by ( Madeline Berg | Dan Latu | ) www.businessinsider.com time to read: +14 min

Over the past two centuries, Nantucket has gone from a whaling town to a hippie refuge to a holiday hot spot for billionaires. "To use a well-worn phrase, come hell or high water, people are still buying multimillion-dollar homes on Nantucket." Between 2030 and 2100, the number of structures exposed to coastal erosion is expected to go from 113 to 860. "Without erosion, this would be an extremely valuable area," Baxter Road resident Joshua Posner told BI. "It's not inexpensive, but it is worth doing," Posner told BI.

Persons: Steve Schwarzman, Eric Schmidt, Barry Sternlicht, Elizabeth Gibson, David L, Ryan, Bruce Percelay, Edward Sanford's, he'd, Percelay, Greg Mckechnie, you'd, Barry Sternlicht's, Suzanne Kreiter, Shelly Lockwood, who's, I'm, Joshua Posner, Jack Welch, Bill Belichick, —, Sanford, Lockwood, Nature, Yorker Brendan Maddigan, Maddigan, Mckechnie, Schwarzman, She's, Posner, he's, Helmut Weymar, Anne Atherton Organizations: Resilience, Business, Boston Globe, Getty, Estate, Nantucket, Coastal, Nantucket's Cisco, Cisco, Beach, Patriots, Yorker, Preservation Fund, Baxter, Conservation, Conservancy, The New York Times, Conservation Commission, Nature Locations: Nantucket, England, Cape Cod, Nantucket's, Madaket, Sconset, Brant, Baxter

☆ A 20% down payment is 'definitely not required' to buy a house, economist says. Here's how much you need
▼ + stars: | 2024-05-24 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Phynart Studio | E+ | Getty Images'The conundrum of the housing market'One way to reduce your monthly mortgage payment is to put down more money and borrow less. Nationally, the average down payment on a house is closer to 10% or 15%, Hale said. Even with a conventional loan, buyers' required down payment could be between 3% and 5%, depending on their credit score and other factors. While a lower down payment is one way to "attack affordability challenges," it can be a "mixed bag," Hamrick said. With a lower down payment, you will need to borrow more from your lender, which raises the monthly cost of your mortgage, Hale said.

Persons: Hale, there's, Hamrick Organizations: CNBC, SurveyMonkey, Department of Veterans Affairs, U.S . Department of Agriculture, Federal Housing Administration, PMI Locations: U.S

So far in May, 30-year mortgage rates have averaged around 6.75%, which is 10 basis points lower than the previous month's average. If the next few months continue to show that inflation is decelerating, mortgage rates could go down further this year. 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 Rates Go Down (-0.09%)The average 15-year mortgage rate is 6.00%, nine basis points lower than last week. Mortgage rates also rose dramatically in 2023, though they started trending back down toward the end of the year.

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

Mortgage rates dropped last week following the release of April's Consumer Price Index data, which showed that inflation slowed last month. Mortgage rates are expected to go down as inflation decelerates toward the Fed's 2% target level. 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. Now that the Fed has paused hiking rates, mortgage rates have come down a bit. Once the Fed starts cutting rates, which is likely to happen this year, mortgage rates should fall even further.

Persons: Freddie Mac Organizations: April's, Federal Reserve, Mortgage, Zillow, Fed Locations: Chevron

Mortgage interest rates have moved lower amid signs that persistently high inflation may be starting to cool. The 10-year Treasury yield fell following the release of this data, and mortgage rates followed suit. Once inflation slows enough that the Federal Reserve is able to start lowering the federal funds rate, mortgage rates and other consumer rates should trend down. See more mortgage rates on Zillow Real Estate on ZillowToday's refinance ratesMortgage type Average rate today This information has been provided by Zillow. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: you'll, Fannie Mae Organizations: of Labor Statistics, Treasury, Federal Reserve, Investors, Zillow, Mortgage, Association, Sky Locations: Chevron

☆ Budget-minded homebuyers should look in these 23 cities where down payments are plummeting, even in an unaffordable housing market
▼ + stars: | 2024-05-16 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Affordability remains a headacheHome affordability has taken a huge hit since the pandemic as mortgage rates, property prices, and — by extension — down payments have surged. Mortgage rates have since more than doubled at over 7%, and houses cost over $70,000 more at $332,000. The 30-year fixed mortgage rate is now roughly triple the 2.7% rate it was at in early 2021. The savings rate in the late 2010s was around 6.5% of disposable income, and it spiked early in the pandemic due to a surge of government stimulus. 23 cities where down payments are down meaningfullyAlthough affordability is limited as mortgage rates, home prices, and down payments have risen, there are still dozens of cities where the cost of buying a house is headed lower.

Persons: —, Hannah Jones, Realtor.com, Freddie Mac, they'd, Jones Organizations: Service, Business Locations: Realtor.com

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