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News You Can Use
- The Fed cut interest rates but mortgage costs jumped. Here's whyThe average 30-year fixed mortgage rate spiked after the Federal Reserve cut rates. Experts say expectations for rate cuts in 2025 fueled the jump.
- How the Federal Reserve's rate policy affects mortgagesQuantitative tightening at the Federal Reserve may keep upward pressure on 30-year fixed mortgage rates for the foreseeable future.
- November home sales surged more than expected, boosted by lower mortgage ratesSales of previously owned homes rose 4.8% in November compared with October, according to the National Association of Realtors
- We're buying the recent dips on 2 stocks in the most oversold market in over a yearThese purchases are being made out of discipline to the S&P 500 Short Range Oscillator.
- The Federal Reserve cuts interest rates by another quarter point. Here's what that means for youThe central bank has now shaved a full percentage off its benchmark rate since September. Here's what it means for your borrowing costs.
- American homeowners are wasting more space than ever beforeThe number of extra bedrooms — defined as a bedroom in excess of the number of people in a home, and even including one for an office — has reached a new high.
- These are the top 10 'housing hot spots' for 2025 — none are in FloridaIt's too soon to tell if 2025 will be a housing market favoring buyers or sellers. But some areas could offer affordable conditions, according to experts.
- Mortgage demand drops for the first time in 5 weeks, after interest rates riseTotal application volume fell 0.7% compared with the previous week, according to the MBA's seasonally adjusted index. That was the first decline in five weeks.
- After taking morning profits, we're afternoon buyers of 2 stocks in an oversold marketThis is our second trade alert of the day.
- Federal Reserve is likely to cut interest rates next week. Here's what that means for youThe third interest rate cut in a row is on deck, which is welcome news for consumers struggling to keep up with sky-high interest charges.
- 'Unverifiable income' can limit your mortgage options — here's how to get around itYour mortgage application may be denied if the lender cannot verify your annual income. If you meet certain exceptions, a non-conventional mortgage may work.
- Alexander real estate brothers, sibling raped 'dozens of victims,' federal indictment allegesTop real estate agents Tal and Oren Alexander and their brother, Alon, were arrested in Miami and face federal sex trafficking charges.
- More Americans are living in malls, as developers get creative to help ease the housing crisisReal estate developers are building housing inside of or next to shopping malls as department stores like Macy's, JC Penney and Sears shrink or cease to exist.
- Mortgage refinance demand surges 27%, as interest rates drop for the third straight weekMortgage rates fell again last week, and while the drop wasn't huge, it was enough to spur current homeowners to look for some savings.
- 5 housing market predictions for 2025, according to economistsHousing has been an expensive necessity, whether you're buying or renting. Here are five things to pay attention to in 2025, experts say.