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New Mortgage Rate
The average rate on the 30-year fixed mortgage is now 6.53% according to Mortgage News Daily, 42 basis points higher than the day before the Fed cut its benchmark rate by half a percentage point. Ugh…. (CNBC) 10/6/2024
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Mortgage Rate Data
The majority of mortgage rate data, and an extra week of time, suggests that the Fed’s initial rate cut might have merely marked the conclusion of a market move that started weeks prior, rather than the beginning of a new one. Standard 30-year fixed-rate home loan rates hit their lowest levels since early 2023 just before the
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What happens when you lower mortgage rates?
The number of agreed-upon sales in the U.K. was 25% higher in the 4 weeks to Sept. 22 than a year earlier as households that had previously held off from making moving decisions over the past 2 years returned to the market. The number of homes available for sale rose 12% in the period. (WSJ)
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Buzzwords and trends in luxury bathroom design these days
What are the big buzzwords and trends in luxury bathroom design these days? Texture. Tech. Wellness. Double-Duty. Grout-free. Imperfection. (Architectural Digest) 10/2/2024
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Soil testing
Soil testing is an important element when buying a home: recently some homeowners in a wealthy suburb discovered builders had put about a million tons of coal ash in the ground under construction projects in town. Since 1980, 180 million tons of coal ash have been used as a substitute for dirt in construction projects around