Sean “Diddy” Combs owes nearly $100 million in mortgage payments on a trio of mansions in Los Angeles and Miami that were raided by federal agents this week, according to a report. The embattled rapper took out eight bank loans, totaling a whopping $140 million, to pay for the sprawling properties, the Daily Mail reported. … Read more
A “For Sale” sign outside a house in Albany, California, on May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates shot higher Friday after a monthly government report on wholesale prices showed inflation is still persistent and hotter than most analysts had expected. The average rate on the 30-year fixed mortgage … Read more
This photo taken on Aug. 22, 2023 shows an advertisement in front of a real estate for sales in Millbrae, California, the United States. The sales of previously owned homes in the United States dropped 2.2 percent in July from June to a seasonally adjusted, annualized rate of 4.07 million units, the National Association of … Read more
An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio, U.S. Bloomberg | Bloomberg | Getty Images Mortgage demand is finally crawling out of the basement as interest rates continue to move lower. Total application volume increased 3% last week from the previous week, according to the … Read more
Credit card rates top 20% Most credit cards come with a variable rate, which has a direct connection to the Fed’s benchmark rate. After the previous rate hikes, the average credit card rate is now more than 20% — an all-time high. Further, with most people feeling strained by higher prices, balances are higher and more cardholders are carrying debt … Read more
A consumer stands in entrance of a Tesla Motors showroom at a retail shopping center in Hong Kong. Sebastian Ng | Sopa Photographs | Lightrocket | Getty Photographs This report is from immediately’s CNBC Each day Open, our new, worldwide markets publication. CNBC Each day Open brings buyers in control on every thing they should … Read more
An actual property agent exhibits a potential purchaser a house as he outlets for a home in Coral Gables, Florida. Joe Raedle | Getty Photos The typical price on the most well-liked mortgage, the 30-year fastened, fell for the third straight week, however demand for mortgages did not transfer a lot. Whole mortgage software quantity … Read more