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In a little more than a week, Federal Reserve policymakers are poised to lower benchmark interest rates for the first time since the start of the COVID-19 pandemic. Ahead of that decision, mortgage rates continued to decline, although a surge of borrowers has yet to appear. At HousingWire‘s Mortgage Rates Center on Tuesday, the average 30-year conforming loan rate was 6.47%, down 13 basis points (bps) from one week ago. The average 15-year conforming loan rate dropped 11 bps to 6.12% during the same period. The key question heading into the Sept. 17-18 meeting of the Federal Open Market Committee…

As presidential nominees Vice President Kamala Harris and former President Donald Trump prepare to face off in their first debate Tuesday night, voters will be tuning in for clarity on their plans to handle issues including the economy, inflation and job growth.One sector that faces particular uncertainty after the election is clean energy, which has received a boost from the Biden administration but faced skepticism from Trump.Climate change and a move toward more sustainable energy have bolstered job growth in the sector in recent years, thanks in part to funding from the Inflation Reduction Act and the Chips and Science…

Tropical Storm Francine will likely become a Category 1 hurricane before reaching Louisiana coast on Wednesday.A tropical storm moving over the Gulf of Mexico is expected to grow into a hurricane, threatening the southern United States, including the coastlines of Texas and Louisiana, the National Hurricane Center (NHC) said. Tropical Storm Francine is expected to travel over warm water that will serve as fuel to strengthen it before it makes landfall as a Category 1 hurricane on Wednesday with winds of 90mph (145km/h). The storm is expected to stay just offshore of the coast of northeastern Mexico on Tuesday as…

With the US Open in the rearview, Grand Slams are now wrapped for 2024 and the tennis action quickly shifts to the Davis Cup Finals group stage. This week, sixteen countries are competing across four groups and four different countries in what is known as the ‘World Cup of Tennis’. The winners and runner-ups will progress to the Final 8 knockout stage in Malaga, which starts on November 19. Watch Davis Cup Free on FuboThe World Groups include defending Davis Cup champions Italy, who beat Australia 2-0 in the 2023 final. Among the top players competing this week are Carlos Alcaraz with Spain, Jack Draper with Great…

Most New Yorkers dream of an in-unit washer and dryer in their rental, more closet space, or a second bathroom. Home ownership? Not so much. Last year, you had to have an annual household income of $222,595 to afford a median-priced home in New York City. But what about this year, considering the recent decline in mortgage rates? Surely, you might be pleading, things have gotten a little bit better? Yes, the good news is now you only have to make $211,970 to afford a median-priced home, according to a new StreetEasy report. Get out the Champagne. This number is even…

Dave Grohl met his wife, former model Jordyn Blum, over 20 years ago in 2001.They married in 2003 and have since welcomed three children.Grohl and Blum share three daughters: Violet, Harper, and Ophelia. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking “unsubscribe” at the bottom of the email. Dave Grohl has largely defied rockstar stereotypes with his long-term marriage to Jordyn…

A man that sued American rapper Sean ‘Diddy’ Combs over an alleged sexual assault has won $100m (£76.6m) by default after Combs failed to respond.Derrick Lee Cardello-Smith, 51, accused Combs of drugging him and sexually assaulting him at a party in Detroit, Michigan, in 1997. Lawyers for Combs have denied the allegations.Cardello-Smith is a convicted felon currently serving a prison sentence and is known for his long history of filing civil lawsuits, according to a local newspaper.Lawyers for Combs said Cardello-Smith was committing “fraud on the court” and told the BBC that the rapper will fight the ruling. Courts issue…

Dave Grohl is a divorced man. The question is, will he be a divorced man twice over.  In a shocking Instagram post, the Foo Fighters rocker admitted to the world that he had cheated on his wife of over 20 years. To make matters worse, the affair resulted in a love child.  This story perhaps sounds familiar to those who have followed Dave’s career since his Nirvana days. For the rest of us, it’s worth explaining that Dave Grohl knows exactly what happens when you cheat on a spouse: divorce. How much of his marital history is about to repeat…

September means Back to Basics here at Inman. As real estate navigates the post-settlement era with new commission rules, real estate professionals from across the country will share what’s working for them, how they’ve evolved their systems and tools, and where they’re investing personally. Let me begin this post by stating what will be obvious fairly quickly: I’m guessing there will be a few who will disagree with what I am proposing here. Let me also state, upfront, that these are my musings, not the opinion of my brokerage, brand or our legal counsel. With that out of the way,…

A top Federal Reserve official on Tuesday unveiled changes to a proposed set of U.S. banking regulations that roughly cuts in half the extra capital that the largest institutions will be forced to hold.Introduced in July 2023, the regulatory overhaul known as the Basel Endgame would have boosted capital requirements for the world’s largest banks by roughly 19%.Instead, officials at the Fed, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. have agreed to resubmit the massive proposal with a more modest 9% increase to big bank capital, according to prepared remarks from Fed Vice…