News from the South - Florida News Feed

Interest rates are trending down, that's good news for home buyers

Published

8 months ago

August 26, 2024

www.youtube.com – CBS Miami – 2024-08-26 06:32:05

SUMMARY: Interest rates are declining and are expected to drop further during the Federal Reserve’s meeting in September, which could positively impact borrowers. As rates decrease, mortgage rates may follow suit, potentially leading to significant savings for homebuyers. For instance, a reduction from 6.375% to 6% on a $400,000 loan could save roughly $100 monthly and $36,000 overall. While many are eager for lower rates, experts caution that increased buyer competition might drive home prices up. Those waiting to buy can benefit by placing their funds in high-interest savings accounts, allowing their money to grow while they wait.

Morgan Rynor reports that 30-year-fixed mortgage rates, which are controlled by the bond market, are already trending down.

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News from the South - Florida News Feed

Longtime Cubs fan revels in Pete Crow-Armstrong using his group’s song for walkup music

Published

2 hours ago

May 1, 2025

Staff Editor

www.clickorlando.com – Jay Cohen, Associated Press – 2025-05-01 10:42:00

SUMMARY: John Hauldren, a lifelong Chicago Cubs fan and member of the electronic music group Levity, was thrilled when Cubs center fielder Pete Crow-Armstrong used Levity’s song “Front to Back” as his walkup music in a game. Crow-Armstrong, a Southern California native, discovered Levity through a personal connection involving mutual friends and his girlfriend’s cousin. Hauldren, who grew up a Cubs fan despite a White Sox family background, created much of the song in Chicago near Wrigley Field, making the moment especially meaningful. The two have since connected and hope to meet, marking a memorable experience for Hauldren and his band.

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News from the South - Florida News Feed

The Senate is voting on whether to block Trump’s global tariffs amid economic turmoil

Published

20 hours ago

April 30, 2025

Staff Editor

www.clickorlando.com – Mary Clare Jalonick, Associated Press – 2025-04-30 16:28:00

SUMMARY: Senate Democrats are forcing a vote on blocking global tariffs announced by Donald Trump earlier in April. After market turmoil, Trump suspended the tariffs for 90 days. Senate Democrats aim to challenge the policy and force Republicans to take a stance. While 47 Senate Democrats are expected to support the resolution, Republicans are hesitant, with some opposing it to avoid rebuking Trump. Despite concerns over the economic impact, Republicans are wary of crossing the president. Democrats argue the tariffs harm the economy and increase recession risks, pushing the resolution as a way to reassert congressional power.

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The post The Senate is voting on whether to block Trump’s global tariffs amid economic turmoil appeared first on www.clickorlando.com

News from the South - Florida News Feed

South Florida Weather for Wednesday 4/30/2025 12PM

Published

1 day ago

April 30, 2025

Staff Editor

www.youtube.com – CBS Miami – 2025-04-30 11:54:10

SUMMARY: South Florida’s weather for Wednesday, April 30, 2025, features breezy conditions, with highs in the low 80s and an east breeze of 10-18 mph, gusting to 25 mph. There’s a risk of rip currents, extended through Friday, making swimming dangerous. While the day remains mostly dry with a mix of sun and clouds, isolated showers are possible. By Friday, rain chances increase, with isolated showers. The weekend brings higher chances of afternoon thunderstorms, especially on Sunday, along with rising temperatures. A 20% chance of rain is expected on Saturday, and 40% on Sunday.