Fed policy is set to change. How will mortgage rates respond?

Federal Reserve policymakers are expected to lower the benchmark interest rate on Wednesday for the first time in more than four years. But it appears to be anyone’s guess as to how large the cut will be. Interest rate traders were giving shorter odds on Tuesday afternoon to a cut of 50 basis points (bps), which would trim the Fed’s target range to 4.75% to 5%. According to the CME Group‘s...

’Where the rubber meets the road’: New Hampshire brokers reflect on the NAR settlement

For agents in New Hampshire, this week marks two months since PrimeMLS, the state’s multiple listing service, implemented the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement. In these two months, one overwhelming trend has emerged — everyone is handling the changes a bit differently. Brokers from across the state dove...

FOA announces amendment and update for bond exchange offer

Industry-leading reverse mortgage lender Finance of America (FOA) on Tuesday announced updates and new details for a previously announced exchange offer, which would swap current investor bonds due in 2025 with new bonds due one to four years later. The current unsecured notes, due in 2025 with an interest rate of 7.875%, could be swapped for one of two new bond options — those with the same interest...

Carlyle to buy up to $300M of equity sharing home loans from Unison

Global investment firm Carlyle has agreed to purchase up to $300 million of equity sharing home loans from home equity solutions provider Unison. Carlyle also made a strategic investment into the San Francisco-based Unison, enabling it to launch its Equity Sharing Home Loan product.  “We are excited to partner with Unison to provide an attractive solution for homeowners to access their appreciating...

RHONY alum Bethenny Frankel’s longtime home in the Hamptons is now up for grabs

A former Housewives’ beautiful Bridgehampton home is on the market — and it comes with bright and elegant interiors, a cute little guest cottage, and a prime location in the Hamptons. Owned by TV personality, RHONY alum, and self-made millionaire Bethenny Frankel, the property landed on the market last week with a $5,995,000 asking price. Douglas Elliman’s Noble Black and Erica Grossman hold the...

Historic $4.6M Coral Gables house was designed by “the Frank Lloyd Wright of Florida”

While famed architect Frank Lloyd Wright designed more than 1,000 buildings throughout his life, his prolific 70-year career produced one single Florida residence: the Lewis Spring House in Tallahassee. But Florida had its own famed proponent of organic architecture. Mentored by Wright, Alfred Browning Parker was one of Florida’s most prolific and influential mid-twentieth-century architects....

This Storage Shed Blends Into Your Yard and Holds a Surprising Amount of Equipment for Under $115

We love that it's not an eyesore. Better Homes & Gardens / Amazon Fall arguably requires more lawn-care than summer with continuous upkeep of mowing and raking leaves, but also fertilizing and prepping for winter and spring. With that in mind, now is the perfect time to organize your lawn and garden equipment. If you’re in the market for a new storage shed to hold your outdoor belongings,...

AMC’s Beetlejuice Cocktail Is Scary Expensive—Here’s How to Upgrade It at Home

Summoning this drink comes at a cost—and a high one at that. AMC Theaters Chant, “Beetlejuice, Beetlejuice, Beetlejuice,” and you’ll summon the sassy, malicious spirit himself. But if you say it just twice, you’ll summon a totally different monstrosity: AMC’s promotional Beetlejuice Beetlejuice cocktail, the Sandworm Slayer.The boozy beverage was inspired by the sandworm that stars in...

The 25 Best Teacher Gifts of 2024

Treat the teacher in your life with these thoughtful, hand-selected gifts. Better Homes & Gardens / Kristin Kempa Teachers deserve the world for dedicating their lives to molding the minds of our children, but since that’s not easy to wrap, we’ve come up with a few more ideas to consider when gift shopping.Whether you’re searching for inexpensive—yet thoughtful—tokens to show your...

Should You Wash Pre-Washed Leafy Greens? Find Out Why It Actually Might Be Risky

Keep your salad safe by following these pointers from the Test Kitchen and a food safety expert. Blaine Moats True, the produce aisle is home to some of the most nutritious food in the supermarket. Fruits and vegetables are packed with vitamins, minerals, and fiber, and are key to help keep your gut healthy and immune system strong. But by their very nature as plants (that are often grown outside)...

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