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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

Florida man continues to face fines while helping homeless

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www.youtube.com – ABC Action News – 2024-12-22 13:00:00

SUMMARY: Virgil Robinson, a 71-year-old man, faces $200,000 in fines as P County Code Enforcement clears trash from his property, where he provides shelter for 17 homeless individuals. Robinson, likened to a modern-day Robin Hood, aims to help others save money for housing despite living without running water or electricity. He spends his pension on compliance efforts but has been accused of environmental crimes for improper waste disposal. He seeks support and solutions to navigate the legal hurdles while highlighting the challenges faced by homeless people. Robinson calls for attention and assistance in meeting compliance requirements at his property.

A man from Lakeland who is using his property to help the homeless was slammed with thousands of dollars in fines for not being in compliance with Polk County.

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Why did at least 67 people die in Christmas charity stampedes in struggling Nigeria?

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www.local10.com – Chinedu Asadu, Associated Press – 2024-12-22 10:17:00

SUMMARY: In a tragic week, stampedes at Christmas charity events in Nigeria resulted in at least 67 deaths, primarily of children, amidst a severe cost-of-living crisis. In Oyo state, 35 children died, while 22 perished in Anambra and 10 in Abuja, where over 1,000 attendees sought food and clothing. Rising inflation at a 28-year high and 63% of the population living in poverty drive desperation for aid. The lack of security measures at events has been criticized, with calls for better organization to prevent future tragedies. President Bola Tinubu urged enforcement of stricter safety protocols for such gatherings.

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The post Why did at least 67 people die in Christmas charity stampedes in struggling Nigeria? appeared first on www.local10.com

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☀️ Counties with the worst droughts in Florida

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www.clickorlando.com – Stacker – 2024-12-22 04:00:00

SUMMARY: As of October 2023, Florida faces significant drought conditions, with 69.8% of the state abnormally dry and 29.2% in drought (ranking #32 nationally). The report highlights various counties: Suwannee (88% abnormally dry, 12.1% in moderate drought), Hamilton (76.1% abnormally dry, 21.3% in moderate drought), and larger concerns in counties like Franklin, Gadsden, and Santa Rosa, where over 97% of the area is in moderate drought. Conversely, counties such as Duval and Nassau show moderate drought figures around 45%. Overall, severe drought is absent statewide, but many areas experience severe moisture deficits.

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The post ☀️ Counties with the worst droughts in Florida appeared first on www.clickorlando.com

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