Mortgage rates drop for third week in a row, but home buyers remain reluctant
Mortgage rates may be falling, but buyers aren’t convinced now is the right time to buy. (iStock ) There’s good news and bad news about mortgage rates this week. The good news is that rates continue their gradual downward trend, with a 30-year fixed rate mortgage averaging 6.87%. Freddie Mac is. While this is encouraging, […]
White Sox will be MLB trade deadline gold mine for buyers
Even the worst teams can make the best sales. If the White Sox trade versatile center fielder Luis Robert (there’s a lot of controversy over whether he’ll be traded), the White Sox should win either way. With three years and $63 million remaining on his contract, assuming his two $20 million team options are exercised, […]
Prosecutors charge man with selling suicide drug after some buyers found dead
(The Center Square) A federal grand jury has indicted a Mexican man on drug charges for illegally importing the drug pentobarbital from Mexico into the United States with the intent of using it to commit suicide, after authorities found that in some cases people who bought the drug were already dead. Pentobarbital is a short-acting […]
Investors are snatching up 1 in 5 homes for sale in new hurdle for buyers
ResiClub co-founder and editor-in-chief Lance Lambert talks about the U.S. housing affordability crisis in “Making Money.” The astronomical rise has put homeownership out of reach for millions of Americans. mortgage interest rate Stock shortage continues. Now, there is another obstacle to buying a home. Investors and hedge funds are buying up real estate at the […]
Used car sales booming as holdout buyers return: Edmunds
FOX Business’ Jeff Flock reports that auto repair costs have increased 33% over the past four years. A new report from Edmunds finds that the used car market is revitalized, buoyed by price relief that kept consumers from buying in the past few years. Auto Shopping Guide released an analysis on Tuesday showing used cars […]
Laura Ingraham: Buyer’s remorse is trickling out from the “Never Trumpers
Fox News host Laura Ingraham said President Biden plans to follow the far left ahead of Friday’s election.Ingraham Angle.” Laura Ingraham: So the buyer’s remorse that’s leaking from “non-Trumpers” and even some traditional Democrats is real. We know the truth, even if their pride prevents them from admitting they were wrong. They believed that old […]
DNC calls Donald Trump ‘a con artist’ as he reportedly meets with NFT buyers
The Democratic National Committee (DNC) has slammed former President Donald Trump as a “fraud” after reports that he was dining with donors who supported digital trading cards with his photo on them. Trump will take a break from court on Wednesday to host a dinner at his Mar-a-Lago, Florida, mansion with donors who purchased Trump’s […]
Trump invites ‘Mugshot’ NFT buyers to Mar-a-Lago with promises of trading cards and arraigned-suit shreds
On his day off from court in New York, former President Donald Trump will be hosting a dinner on Wednesday at Mar-a-Lago for supporters who spent thousands of dollars for Trump “Mugshot Edition” NFTs. Supporters who bought at least 47 Trump NFTs valued at $99 each have been extended a dinner invitation at Mar-a-Lago, according […]
Suspected Scammers Trick Unsuspecting Buyers With ‘Cat-Faced’ Flowers: REPORT
A suspected fraudster has appeared on an online marketplace selling flower seeds purporting to resemble a cat’s face, according to a fact-finding investigation. “Cat’s eye flowers are so named because the special arrangement of their leaves resembles a cat’s eye.” Description of a productPart of the item listed on eBay, called “Cat eye dazzle,” reads: […]
Buyers are taking on riskier adjustable rate mortgages as affordability worsens
Madison Ventures+ Managing Director Mitch Rochelle shares his thoughts on rising mortgage rates and rent prices. US homebuyers are turning to riskier home purchases variable rate mortgage High interest rates are making it unaffordable for buyers taking out new fixed-rate mortgages, according to a new report. Mortgage Bankers Association’s composite market index. Loan application The […]