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

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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

Orlando restaurant owner invites artists to parking lot amid federal fight against street art

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www.clickorlando.com – Mark Lehman – 2025-09-15 04:00:00

SUMMARY: In response to Florida’s decision to paint over street art on public roads, including the rainbow crosswalk outside the Pulse nightclub, Orlando’s Se7en Bites restaurant owner Trina Gregory is opening 49 parking spaces for local artists to create vibrant artworks. The event, “Parking Spaces for Pride,” will take place Monday from 7 a.m. to 7 p.m. at 617 N Primrose Drive. It aims to transform controversy into a community celebration that uplifts Orlando’s LGBTQ+ community, preserving the city’s love for art. Gregory intends to make this an annual event promoting creativity, diversity, and resilience amidst the state’s restrictions on non-uniform traffic markings.

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News from the South - Florida News Feed

Community honors life of 10-year-old Harper Moyski, killed in shooting at Minneapolis church

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www.news4jax.com – Associated Press – 2025-09-14 15:33:00

SUMMARY: In Minneapolis, friends and family gathered to honor 10-year-old Harper Moyski, killed in a mass shooting at Annunciation Catholic School. Harper, remembered as fierce, curious, and unapologetically herself, was one of two children killed alongside 21 injured when a former student opened fire during Mass. Her mother, Jackie Flavin, described Harper as “extra in the very best way,” loving dogs and aspiring to be a veterinarian. Speakers at the outdoor memorial called for an end to gun violence, especially in schools. Rabbi Jason Rodich urged kindness amid societal division, encouraging people to support one another “for Harper.”

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News from the South - Florida News Feed

A look at recent flooding across South Florida

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www.youtube.com – CBS Miami – 2025-09-14 10:58:39

SUMMARY: South Florida is still recovering from a week of severe flooding that made roads nearly impassable, stalled cars, and forced people to wade through water. In Hollywood, upgraded flood pumps and drainage systems helped subside water levels quickly, preventing damage to homes. However, in North Miami, residents along 141st Street report ongoing issues with backed-up drains and street flooding, which disrupt daily life, including doctor visits. The city claims the flooding is due to long tides rather than clogged drains and asserts the area has been checked. Concerns remain about the area’s vulnerability without further drainage maintenance.

Parts of South Florida are still drying out from the deluge of rain storms last week.

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