The rate on a 30-year mortgage dipped to 6.08% from 6.09% last week. The rate averaged 7.31% a year ago. Rates on 15-year fixed rose to 5.16% from 5.15%.
The storm is expected to make landfall on Thursday evening and could intensify to a strong Category 3. More than a dozen counties are under evacuation orders.
Borrowers should calculate the break-even point when buying discount points. They may lower the mortgage rate, but it might not be cost-effective overall.
AI allows small businesses to work smarter and faster. For marketing, it can be used to generate blog posts, email newsletters and social media content.
As tech habits vary across generations, businesses should adapt marketing strategies to cater to different preferences in search tools, social media and AI use.
The consumer survey, taken before the Fed rate cut, reflects concerns about the labor market, an economist said. The drop was steepest among the 35–54 age group.