DIRS.INFO The most relevant business & tech news

Mortgage rates haven't changed much over the last week, but they could move up or down later this week depending on how a couple of big economic reports turn out. If these reports come in hotter than expected, mortgage rates could tick up higher. This index is expected to come in a bit lower than last month's reading, which would be good news for mortgage rates. This means we could see mortgage rates start to trend down in fall. 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: Zillow, Mortgage, Association, Sky Locations: Chevron

☆ Lenford Crawford was found guilty of conspiring with Jennifer Pan to kill her parents. Here's where he is today.
▼ + stars: | 2024-04-23 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +5 min

Jennifer Pan is the subject of a new Netflix documentary, "What Jennifer Did." Prior to planning her parents' murder with Wong and Crawford, Pan had previously asked a former classmate to kill her parents for her, but that classmate refused, Toronto Life reported. Toronto Life reported that Crawford gave Pan a discounted rate — $10,000 vs. a standard $20,000 — to kill her parents since she was a friend of Wong's. Through analyzing phone calls and text messages, police identified Crawford, Wong, Mylvaganam, and Carty, and arrested them in early 2011. If they don't, then Crawford, Pan, Wong, and Mylvaganam can seek parole on the attempted murder charge.

Persons: Jennifer Pan, Jennifer Did, Lenford Crawford, Here's, —, Ha, Huei Hann Pan, Daniel Wong, Wong's, Crawford, Pan, Wong, David Mylvaganam, Eric Carty, Mylvaganam, Bich, Hann, Pan —, banister —, Carty, Carty's, doesn't Organizations: Netflix, Service, Authorities, Pan, Toronto Life, Toronto, CBC, Ontario, Markham Economist, Sun, Canada Locations: Crawford, Wong, Toronto

Basics of how home equity loans workWith a home equity loan, you use your home as collateral for a loan. Home equity loan terms vary, but you usually have anywhere from five to 30 years to repay the loan. Differences between home equity loans and HELOCsHome equity lines of credit (HELOCs) are similar to home equity loans in that they let you borrow from your home's equity. What's the difference between a home equity loan and a home equity line of credit (HELOC)? She covers mortgage rates, refinance rates, mortgage lender reviews, and homebuying for Personal Finance Insider.

Persons: you've, whittle, Molly Grace, Molly, Read, Aly J, Yale Aly J, Bob Organizations: Homeowners, Chevron, Business, Finance, Insider, Rocket Companies, Twitter, Yale, Forbes, Money Magazine, The Dallas Morning News, Bob Schieffer College of Communication Locations: Chevron, mgrace@businessinsider.com

☆ Carrier, the century-old inventor of the air conditioner, is moving on to the home heat pump
▼ + stars: | 2024-04-22 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

Andrew Aitchison | In Pictures | Getty ImagesIn case you haven't noticed, heat pumps are hot. But there are other reasons why heat pumps are fast becoming popular with homeowners. All of this is transforming Carrier Global , the nearly 100-year-old manufacturer whose founder, Willis Carrier, invented air conditioning. Heat pumps have a history dating back to 1850s The thermodynamic science behind heat pumps was developed in the 1850s, when the first ones were invented, and they've been used in homes since the 1960s. Heat pumps use electricity to transfer heat from a cool space to a warm space, making the cool space cooler and the warm space warmer.

Persons: CARR, Andrew Aitchison, Willis Carrier, David Gitlin, Carrier, Hakan Yilmaz, Yilmaz, they've, Michael Kretschmer, Sebastian Kowalski, Kretschmer, Tobie Stanger, Dave Lis, Viessmann, Milena Oliveira, Oliveira, Mark Prodan, Prodan, There's Organizations: Carrier Global, United Technologies, Solutions, East Trade Policy, Getty, International Energy Agency ., U.S . Climate Alliance, Consumer, Energy Efficiency, Carrier, M, Energy Star Locations: Gardens , Florida, Saxony, Leipzig, America, U.S, Maine, Michigan, Indian, Connecticut, New York State

High mortgage rates are likely to constrain affordability through the peak homebuying season, which typically lasts from spring to early fall. 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 Essentially Flat (+0.01%)The average 15-year mortgage rate is 6.25%, just a single basis point higher than last week. Mortgage Refinance Rates30-Year Fixed Refinance Rates Inch Up (+0.09%)The average 30-year refinance rate is 7.53%, nine basis points higher than last week. Mortgage rates also rose dramatically in 2023, though they started trending back down toward the end of the year.

Persons: you'll, It's, refinance Organizations: US, of, CPI, Incoming, Zillow, FHA Locations: Chevron

Once the Fed starts lowering its benchmark rate, mortgage rates should 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 interest rates will affect your monthly payments. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates inched up to 6.39% last week, according to Freddie Mac data. Mortgage rates increased dramatically over the last two years, but they're expected to go down at some point this year.

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

Mortgage rates were originally forecast to go down this year, but hotter-than-expected inflation data pushed them higher. This means we might not see mortgage rates drop until we get closer to fall. 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 6.39%, a 23-basis-point increase from the previous week, according to Freddie Mac data. Once the Fed cuts rates, mortgage rates should fall even further.

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

We could see mortgage rates start to trend down later this year if incoming data shows that inflation is coming down sustainably. 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 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. Once the Fed starts cutting rates, which is likely to happen this year, mortgage rates should fall even further.

Persons: Freddie Mac, they'll, Sam Khater, Freddie Mac's Organizations: National Association of Realtors, Zillow, Federal Reserve, Fed Locations: February's, Chevron

Average 30-year mortgage interest rates are hovering around 7%, according to Zillow data. Last week, mortgage rates climbed to levels not seen since November 2023 after the latest Consumer Price Index report showed that inflation was hotter than expected in March. While the Fed doesn't set mortgage rates, changes in the federal funds rate do influence mortgage lenders' decisions on how much interest to charge on loans. 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 Reserve, CPI, Zillow, Mortgage, Association, Sky Locations: Chevron

Until inflation slows further and the Federal Reserve is able to start lowering the federal funds rate, mortgage rates are likely to remain elevated. If the latest PCE numbers support the narrative that inflation is remaining stubbornly high, mortgage rates could inch up further. 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 Essentially Flat (+0.01%)The average 15-year mortgage rate is 6.12%, just a single basis point higher than last week. Mortgage rates also rose dramatically in 2023, though they started trending back down toward the end of the year.

Persons: you'll, It's, refinance Organizations: Federal Reserve, US, of, Fed, Zillow, FHA Locations: Chevron

Does this mean that lower mortgage rates are off the table for 2024? It's possible that mortgage rates will still go down in 2024, but they probably won't start trending down until later in the year. 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 inched up to 6.16% last week, according to Freddie Mac data. Mortgage rates increased dramatically over the last two years, but they're expected to go down at some point this year.

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

Average 30-year mortgage rates spiked this week in response to the latest Consumer Price Index data, which came in hotter than expected. If the Fed needs to keep rates higher for longer, mortgage rates will stay high as well. 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 6.16%, a 10-basis-point increase from the previous week, according to Freddie Mac data. Once the Fed cuts rates, mortgage rates should fall even further.

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

Mortgage rates are a bit lower today, though they're still well above where they started the month. 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 6.16% this week, according to Freddie Mac data, which is a 10-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: they're, Freddie Mac Organizations: Markets, Treasury, Investors, Federal Reserve, Zillow, Fed Locations: February's, Chevron

Average 30-year mortgage rates increased to 6.88% this week, according to Freddie Mac. If this measure shows some slowing in inflation, mortgage rates could inch back down. It's likely that we'll need to wait for more data before it becomes clear how mortgage rates will trend this year. 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.

Persons: Freddie Mac, It's, Fannie Mae Organizations: Federal Reserve, CPI, of Labor Statistics, Zillow, Mortgage, Association, ARM Locations: Chevron

A hotter-than-expected inflation report has pushed back expectations for a Federal Reserve interest rate cut. This means mortgage rates are likely to remain elevated for longer than many forecasters had anticipated. This would keep mortgage rates elevated throughout the summer homebuying season, when many home shoppers will be looking to get a mortgage. "March inflation figures were very bad, which also means bad news for interest rates," Lawrence Yun, chief economist for the National Association of Realtors, said in a blog post reacting to March's CPI data. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: Lawrence Yun, you'll, Fannie Mae Organizations: Federal, Labor Statistics, National Association of Realtors, Zillow, Mortgage, Association, Sky Locations: Chevron

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. 20-Year Fixed Mortgage Rates Increase (+0.15%)The average 20-year fixed mortgage rate is 15 points up from where it was last week, and is sitting at 6.30%. 15-Year Fixed Mortgage Rates Rise (+0.20%)The average 15-year mortgage rate is 6.11%, up from last week. Mortgage Refinance Rates30-Year Fixed Refinance Rates Decrease (-0.30%)The average 30-year refinance rate is 7.06%, 30 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: you'll, It's, refinance Organizations: Federal Reserve, Mortgage Bankers Association, Zillow, FHA Locations: Chevron

Health insurance, life insurance, auto insurance, disability insurance, homeowners insurance, and renters insurance all require the policyholder to pay a premium to continue receiving coverage. The types of insurance policy premiums include car, life, health, homeowners, renters, and disability insurance. Life insurance premiumsAs previously mentioned, term life insurance premiums are locked in when the policy is signed. Another factor that goes into homeowners insurance premiums is your insurance score, which you do have some control over. Insurance premiums frequently asked questionsHow often do I have to pay insurance premiums?

Persons: policyholders, you'll, they're, Policygenius Organizations: Health Locations: New York, California

Mortgage rates are expected to drop this year, but so far they've remained near two-decade highs. Based on the current economic outlook, mortgage rates should go down in 2024. 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 interest rates will affect your monthly payments. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates inched up to 6.06% last week, according to Freddie Mac data.

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

Average 30-year mortgage rates increased to 6.82% last week, according to Freddie Mac. Though it's possible mortgage rates won't ever go that low again, they are expected to drop a bit 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. 30-year Fixed Mortgage RatesThe average 30-year fixed mortgage rate was 6.82% last week, according to Freddie Mac. Once the Fed cuts rates, mortgage rates should fall even further.

Persons: Freddie Mac, you'll, it's Organizations: National Association of Realtors, Mortgage Bankers Association, Zillow, Federal Reserve Locations: Chevron

Last month, 30-year mortgage rates averaged 6.47%, though they've been trending a bit higher in recent weeks, 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 6.06% last week, according to Freddie Mac data, which is a five-basis-point decrease 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: they've, Freddie Mac Organizations: Fed, Investors, Zillow, Federal Reserve Locations: Chevron

☆ I bought two homes with interest rates below 3.5%. It's hard work to get this kind of mortgage, but it was worth it.
▼ + stars: | 2024-04-07 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

(She's selling one of them, also with an assumable mortgage.) An assumable mortgage allows qualifying buyers to acquire the interest rate, current principal balance, and other conditions of a seller's existing loan. In 2020, my husband and I bought a home in Beaverton for $650,000 with a 2.5% mortgage interest rate. We purchased another home with an assumable mortgage when rates were higherWe bought another home with an assumable mortgage in 2023. Getting an assumable mortgage isn't easyAssumable mortgages can be super hard to find.

Persons: —, Lori Coryell, I've, it's, Banks, It's, We've Organizations: Service, US Air Force, Business, USAF, Veterans Affairs, Gresham Locations: Oregon, Beaverton, Our Beaverton, Gresham, Portland, Gresham , Oregon

☆ It took an Austin developer 4 years to build 4 small homes that he made no money on as the city struggles to bridge the gap between tiny apartments and pricy houses
▼ + stars: | 2024-04-06 | by ( Eliza Relman | ) www.businessinsider.com time to read: +11 min

AdvertisementFor decades, the city's restrictive zoning and land-use policies have made missing-middle housing almost impossible to build. But there aren't many options, particularly for homeownership, between mostly high-end apartments and prohibitively expensive single-family homes. But he's concerned the law won't do enough to shorten the permitting process for missing-middle housing construction. The HOME Act will encourage the construction of smaller single-family homes and promote density, making housing — particularly homeownership — more affordable. Turner just wants the city to "level the playing field" for developers who are willing to build missing-middle housing.

Persons: —, Scott Turner, Turner, Austin's, Austin, Eliza Relman, that's, he's, Brennan Griffin, Joe Sohm, Brandon Bell, Greg Anderson, Anderson, there's, It's, Nicole Nabulsi Nosek, I've, townhomes Organizations: Service, Business, Riverside Homes, Austin, Austin Business, Texas, HOME, Austin Habitat, Humanity, Texans, Reasonable, Democrats Locations: Austin, Austin , Texas, Texas, Manor, Georgetown, City Hall

Hopeful homebuyers should expect mortgage rates to remain elevated for at least a couple more months. If inflation eases in the coming months and the Fed is able to start cutting its benchmark rate, mortgage rates should drop as expected. 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. This is good news for mortgage rates — 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: Jerome Powell, Fannie Mae Organizations: Federal, Zillow, Federal Reserve, Mortgage, Association, ARM Locations: Chevron

☆ Insurance companies are now using drones to find reasons to cancel your home insurance
▼ + stars: | 2024-04-06 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Home insurance companies are using drone footage to find reasons to drop customers. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Insurance companies across the nation are now using drones to aerially scope out customers' homes and suss out reasons to cancel their home insurance, The Wall Street Journal reported. Still, her insurance company upheld their decision to cancel her plan, citing the aerial photos, which they refused to let her see. Though it may seem dystopian, insurance companies have drones, manned planes, and high-altitude balloons at their disposal for aerial surveillance, offering nearly full coverage of the country, the Journal reported.

Persons: —, Cindy Picos, Picos Organizations: Service, Street Journal, Journal Locations: California

☆ Buckle up for likely earthquake aftershocks, geologists say. Here's how the East Coast should prepare.
▼ + stars: | 2024-04-05 | by ( Grace Eliza Goodwin | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +3 min

Geologists say the East Coast could be in for more earthquakes in the weeks ahead. To prepare, you should create an emergency plan, secure household items, and assemble a bugout bag. AdvertisementAftershocks could hit the East Coast following Friday's 4.8 magnitude earthquake, and millions of people in the region should prepare in the unlikely event the earthquake is bigger next time, the US Geological Survey said. "As a reminder, damaging earthquakes can occur in the future," Jessica Jobe, a research geologist with the USGS Earthquake Hazards Program, said on Friday. Related storiesOne of the most important things you can do to prepare, Earle said, is to create an emergency plan.

Persons: There's, —, Paul Earle, Earle, that's, Jessica Jobe, hadn't Organizations: Service, Geological Survey, Earthquake Information, Business Locations: East, New Jersey, Newark, Boston, Philadelphia, Maine

Search resuls for: "home's"

25 mentions found