Latest news with #September
Yahoo
9 hours ago
- Business
- Yahoo
HELOC rates today, May 31, 2025: Interest rates on HELOCs fall as inflation cools
HELOC rates fell today, as Friday's inflation report showed consumer prices still cooling. This gives the Federal Reserve a little breathing room to continue a pause on further interest rate cuts. The FOMC is expected to skip a June rate decrease, and is widely believed to wait until September for further rate relief. However, HELOC rates are more demand-driven than mortgage rates, with bank and credit union deposits funding most home equity line of credit accounts. This gives depository institutions more latitude in competitive pricing. Dig deeper: HELOC vs. home equity loan: Tapping your equity without refinancing According to Zillow, rates on a 10-year HELOC are down five basis points to 6.84% today. The same rate is also available on 15- and 20-year HELOCS. VA-backed HELOCs moved up two basis points to 6.36%. Homeowners have a staggering amount of value tied up in their houses — more than $34 trillion at the end of 2024, according to the Federal Reserve. That's the third-largest amount of home equity on record. With mortgage rates lingering in the high 6% range, homeowners are not going to let go of their primary mortgage anytime soon, so selling a house may not be an option. Why let go of your 5%, 4% — or even 3% mortgage? Accessing some of that value with a use-it-as-you-need-it HELOC can be an excellent alternative. HELOC interest rates are different from primary mortgage rates. Second mortgage rates are based on an index rate plus a margin. That index is often the prime rate, which today is 7.50%. If a lender added 1% as a margin, the HELOC would have a rate of 8.50%. However, you will find reported HELOC rates are much lower than that. That's because lenders have flexibility with pricing on a second mortgage product, such as a HELOC or home equity loan. Your rate will depend on your credit score, the amount of debt you carry, and the amount of your credit line compared to the value of your home. And average national HELOC rates can include "introductory" rates that may only last for six months or one year. After that, your interest rate will become adjustable, likely beginning at a substantially higher rate. You don't have to give up your low-rate mortgage to access the equity in your home. Keep your primary mortgage and consider a second mortgage, such as a home equity line of credit. The best HELOC lenders offer low fees, a fixed-rate option, and generous credit lines. A HELOC allows you to easily use your home equity in any way and in any amount you choose, up to your credit line limit. Pull some out; pay it back. Repeat. Meanwhile, you're paying down your low-interest-rate primary mortgage like the wealth-building machine you are. Today, FourLeaf Credit Union is offering a HELOC rate of 6.49% for 12 months on lines up to $500,000. That's an introductory rate that will convert to a variable rate later. When shopping lenders, be aware of both rates. And as always, compare fees, repayment terms, and the minimum draw amount. The draw is the amount of money a lender requires you to initially take from your equity. The power of a HELOC is tapping only what you need and leaving some of your line of credit available for future needs. You don't pay interest on what you don't borrow. Rates vary so much from one lender to the next that it's hard to pin down a magic number. You may see rates from nearly 7% to as much as 18%. It really depends on your creditworthiness and how diligent a shopper you are. For homeowners with low primary mortgage rates and a chunk of equity in their house, it's probably one of the best times to get a HELOC. You don't give up that great mortgage rate, and you can use the cash drawn from your equity for things like home improvements, repairs, and upgrades. Of course, you can use a HELOC for fun things too, like a vacation — if you have the discipline to pay it off promptly. A vacation is likely not worth taking on long-term debt. If you take out the full $50,000 from a line of credit on a $400,000 home, your payment may be around $395 per month with a variable interest rate beginning at 8.75%. That's for a HELOC with a 10-year draw period and a 20-year repayment period. That sounds good, but remember, it winds up being a 30-year loan. HELOCs are best if you borrow and pay back the balance in a much shorter period of time.
Skift
a day ago
- Business
- Skift
Submit Now: Win Big at Skift Global Forum with the IDEA Awards
Enter the 2025 Skift IDEA Awards for your chance to win a physical trophy, complimentary ticket, on-stage photo with Skift's founder, plus recognition on Travel's biggest stage at Skift Global Forum in New York City. If you've launched a standout campaign, product, experience, or platform in the travel industry, now is your chance to be recognized where it counts. The Skift IDEA Awards celebrate the most forward-thinking work in travel, and winners will be honored live at Skift Global Forum, held this September in New York City. This is more than an award. It's a platform for visibility, credibility, and connection at the industry's most influential gathering. Why the Skift IDEA Awards Matter The Skift IDEA Awards recognize projects that push boundaries and move the travel industry forward. And for winners, the recognition is anything but symbolic. Each award winner receives: ✅ Complimentary tickets to Skift Global Forum in NYC ✅ Recognition live on stage, including an on-stage photo with Skift founder Rafat Ali ✅ Inclusion in experiential showcases and editorial coverage ✅ Visibility in front of 1,000+ industry leaders, including executives from travel, hospitality, tech, and investment ✅ Industry validation from an expert judging panel, comprised of global travel leaders and innovators ✅ A moment to celebrate your team's hard work, creativity, and collective achievement on travel's biggest stage "Skift IDEA Awards accelerate innovation by recognizing ideas that move the industry forward... These awards encourage faster adoption of new ideas, spark collaboration, and help scale innovations that might otherwise go unnoticed." - Peter Durama, Senior Executive Director of Technology and Digital Transformation, Destination Canada 'Skift IDEA Awards are key to showcasing the best of the industry's innovations. During unprecedented challenges, it's crucial we continue to learn from each other and innovate together.' - Stuart Blake, VP of North America, TravelPerk Past winners have landed media coverage, new partnerships, and global exposure directly tied to their IDEA Award win and Forum presence. What Kind of Work Are We Looking For? The IDEA Awards span 31 categories, designed to capture the full spectrum of creativity and progress in travel. Not sure where your project fits? Take our Find Your Category Quiz — it's quick, simple, and helps guide your submission. How to Submit Your Entry It's easy to enter. All you need is: A short written summary of your work and its impact Supporting materials: images, videos, data, or case studies A few minutes to complete the entry form Here's our complete guide - How to enter the Skift IDEA Awards. Deadline: Two weeks remaining. Be Part of the Industry's Defining Moment Skift Global Forum is where leaders come to see what's next. It's where the biggest ideas in travel are unveiled, debated, and celebrated. Winning an IDEA Award means more than being listed in a press release. It means being part of the story and celebrating with your team, your peers, and the global travel community in one of the industry's most prestigious moments. It means standing on stage in New York City, alongside the brightest minds in the industry, and getting the recognition your work deserves. 'For those of you who are considering entering the 2025 Skift IDEA Awards, we highly encourage you to share your work with the world... Take the leap, showcase your achievements and contribute to shaping the future of hospitality.' - Mandy Stum, Senior Director of Business Solutions, Radisson Hotel Group 'I want to learn from the many different solutions that are out there. And I think that's absolutely the role that the Skift IDEA Awards play—shining a light on the projects that are new, unique, and deeply relevant.' - Shannon Guihan, Chief Sustainability Officer, The Travel Corporation Don't want to miss out on the industry's premier thought leadership conference? Buy your ticket to Skift Global Forum now and join travel and hospitality leaders shaping the future of the industry this September in NYC. Get Your Tickets Early Bird price of $2,695 (Solo) and $2,495 (Group) for a limited time only. Full-price tickets are $3,695 (Solo) and $3,245 (Group). 1 Person Solo Ticket $2,695 Buy Now 2-6 People Group Ticket From $2,495 Buy Now
BBC News
3 days ago
- Entertainment
- BBC News
Red Arrows booked in for Guernsey Air Display
The RAF has confirmed the Red Arrows will return later this year for Guernsey's annual air said the aerobatic display team would feature at the Guernsey Air Display in the evening on Wednesday 10 will appear alongside the Dakota from the Battle of Britain Memorial Flight (BBMF) and the Typhoon display Neal, flying display director, said: "The Reds and BBMF are stalwarts of the display, and a highlight for many." He added: "We always apply for the Typhoon but we're rarely successful so that will be a fantastic addition. "Everyone loves a fast and noisy jet."The show was held in June last year, but the Guernsey Air Display Foundation said it had changed the date to September to accommodate the Red Arrows' overseas event is being held between 18:30 and 20:00 BST to make it more accessible, particularly for students and families.
Gizmodo
4 days ago
- Business
- Gizmodo
DC and Marvel Are Smashing Together Batman and Deadpool
It will probably never happen on the big screen but in the comic book shops, Marvel and DC are ready to team up once again. The two biggest comic book companies just announced that two of their most popular characters, Batman and Deadpool, are going to show down across splash pages later this year. Entertainment Weekly broke the news of the crossover, which will mainly consist of two separate one-shot comics. On the Marvel side, Zeb Wells (Deadpool and Wolverine) is writing Deadpool/Batman with art and cover by Greg Capullo (Wolverine: Revenge) which will be out September 17. Over at DC, Grant Morrison (All Star Superman) is writing Batman/Deadpool with art by Dan Mora (Batman/Superman), which will be out in November. The Marvel comic will tell a story about Wade Wilson being hired to do a job in Gotham City, which doesn't sit well with Batman. DC wouldn't say what its story would be about, but both revealed in addition to these one shots, there will be some 'backup adventures' with other 'exciting Marvel and DC character match-ups.' All of that, however, is being kept under wraps, as is another set of crossovers coming in 2026. 'I don't do many comics these days but there was no way I could turn down the chance to work with Dan Mora again, one of my all-time favorite artistic collaborators—and definitely no way I could turn down Batman and Deadpool!' Grant Morrison said in a statement to EW. 'Expect 4th wall-busting mayhem, owls, blood, blades, and at least one giant typewriter!' 'After writing Amazing Spider-Man for 60 issues, I told Marvel I needed a break,' Wells said. 'Marvel told me I could do that or I could write a comic starring Deadpool and Batman with the best Batman artist of our generation. I no longer needed a break. In Batman we've found someone who has even less time for Deadpool's antics than Wolverine, but a city-wide threat from the Joker makes strange bedfellows (literally, if Deadpool had his way). It's been a blast letting Deadpool loose in Gotham City and watching what happens.' For those wondering, this is not the first time Marvel and DC have teamed up for something like this, it's just been over 20 years Previous crossovers and seen Spider-Man and Superman together, as well as the Justice League and Avengers. Jim Lee, the iconic artist turned CCO and Publisher at DC, explained why it's taken so long to do it again. 'It happens kind of once every generation of readers,' Lee said. I'll leave you to draw your own conclusions as to why. The timing has to be right in that you don't want to do these too often. You want them to feel special. It is sort of finding that right moment for both companies to come together because it is complex. There's a lot more coordination, collaboration, approvals that have to be done. And, obviously, from the business side, you're sharing revenue, but it's going to be a big deal. So you want the story, creatively, to warrant the hype of it all.' Here are the two covers of the comics and you can read more over at EW. Are you excited to check these out? Do you think this could ever happen on the big screen?
Auto Car
4 days ago
- Automotive
- Auto Car
The Volvo XC70 is BACK - and now it's a PHEV SUV with 112 miles of EV range
The new Volvo XC70 plug-in hybrid has been outed ahead of its official debut, courtesy of new images published by China's Ministry of Industry and Information Technology (MIIT). Earlier preview images gave a good idea of the reborn XC70's design, confirming that it would morph from high-riding estate into full-blown SUV, but these new images show just how closely it will be related to the larger XC90. It measures 4815mm long and 1890mm wide, making it roughly the same size as the Volkswagen Tayron, Hyundai Santa Fe and Peugeot 5008, but unlike those cars – and its larger sibling – it is being offered from launch with five seats. The MIIT filing also reveals some of the XC70's technical specifications for the first time, confirming that it will be offered exclusively as a plug-in hybrid, with either a 21.2kWh battery giving 62 miles of range, or a 39.6kWh pack which bumps that up to 112 miles - both according to China's generous CLTC cycle. That larger pack, for reference, is about the same size as that fitted to the pure-electric Abarth 500e, and larger than the battery in the Mazda MX-30 EV. The XC70 will be available with front- or four-wheel drive, in both instances with a 160bhp 1.5-litre petrol engine working in collaboration with an EV motor of undisclosed capacity. Further details will be given closer to the XC70's China-market launch in September, where Volvo could announce plans to sell the new PHEV globally in response to sustained strong demand in certain markets for hybrid cars. Volvo CEO Håkan Samuelsson believes extended-range plug-in hybrids could play an important role in Europe's electrification transition, particularly, strengthening the possibility of the new XC70 being sold here. Speaking at the Financial Times Future of the Car conference earlier this month, he said: "In certain regions in Europe, the charging network will be developed later. If you look into the south and east of Europe, it will be slower. "The ones leading are Norway all the way in the west. There, there will be faster transition to electrification. But in other regions, it's really a good solution to have a long-range hybrid, because if you look into the environmental aspect, if you have a long-range hybrid, the absolute majority of the transport work will be done with electricity. And so in that way, it will be an 'electric car'. "If you have a very short range, a large part of the transport work will be done with the petrol. And then, of course, it's not fossil-free anymore. So a long-range plug-in hybrid, I would argue, is an electric car with a back-up engine when the battery is flat, which will happen not so often.
