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Real Estate
When you can’t refinance a mortgage to capitalize on lower rates
The Federal Reserve slashed interest rates by a half percentage point, or 50 basis points, on Wednesday, its first rate cut since March 2020.Even before the Fed rate reduction, some homeowners had already taken advantage of recent…
Factors to consider before refinancing a loan, according to experts
Moyo Studio | E+ | Getty ImagesThe Federal Reserve announced a half percentage point, or 50 basis points, interest rate cut at the end of its two-day meeting Wednesday. And, naturally, some Americans will want to make the most of the…
Colorado home built by 1-800-Flowers founder sells $25.2 million
Check out what's clicking on FoxBusiness.com. A multi-million-dollar home built by Carl Westcott, the founder of 1-800-Flowers, was scooped up earlier this month in Avon, Colorado. The nearly 11,200-square-foot home and its…
August home sales drop more than expected, as prices set a new record
Sales of previously owned homes fell 2.5% in August from July, to a seasonally adjusted annualized rate of 3.86 million units, according to the National Association of Realtors.That is slightly lower than what analysts expected. Sales…
NBA legend Michael Jordan’s $14.9 million Chicago estate has a potential
Check out what's clicking on FoxBusiness.com. Michael Jordan’s nearly $14.9 million estate in one of Chicago’s suburbs has a potential buyer. The NBA legend’s sprawling Highland Park mansion received a purchase offer and, as of…
When to refinance your mortgage as the Federal Reserve cuts rates
Andresr | E+ | Getty ImagesThe Federal Reserve cut interest rates by a half percentage point, or 50 basis points, on Wednesday, its first interest rate cut since March 2020. But homeowners shouldn't bet on the move as an opportunity to…
Missouri woman indicted on charges to defraud Elvis Presley’s family in
Lisa Jeanine Findley of Missouri was indicted on federal mail fraud and aggravated identity theft charges in Shelby County over an alleged attempted swindling of the Graceland property. (Credit: WHBQ) A Missouri woman has been…
Home equity is at a record high. Here’s how to tap it
Thanks to the runup in housing prices, homeowners now have more than $32 trillion in home equity as of the first quarter of 2024, according to the St. Louis Federal Reserve — an all-time high."It's one of the very few things we can say…
CEO of Boeing closes on $4.1M Seattle home amid factory workers’ strike
Third Bridge global head of analysts Peter McNally discusses how the Boeing factory workers strike is impacting business on 'The Big Money Show.' Boeing's new CEO has made a costly move to Seattle amid the aerospace company's…
What to expect ahead of Federal Reserve’s first rate cut in years
Recent signs of cooling inflation are paving the way for the Federal Reserve to cut rates when it meets next week, which is welcome news for Americans struggling to keep up with the elevated cost of living and sky-high interest…