Latest news with #July23
CBS News
3 days ago
- Business
- CBS News
HELOC and home equity loan rates are falling again. Here's what to do next.
With interest rates on credit cards only slightly lower than a recent record high and rates on personal loans comfortably in the double digits now, many may find themselves looking for inexpensive ways to borrow money. Fortunately, if you're a homeowner, you may have two at your disposal via home equity loans and home equity lines of credit (HELOCs). Rates here have been stagnant in recent months, after ticking up from the low 8% range in the spring. Last week, however, brought positive developments as rates on both declined again. The average HELOC rate declined from 8.27% to 8.26% while the median home equity loan rate fell from 8.28% to 8.25%, according to Bankrate data released on July 23. While those aren't substantial declines, they do represent a step in the right direction for borrowers looking for a cost-effective financing source right now. And if inflation reverses course downward again and interest rate cuts are issued later this summer, they could become even more affordable. Understanding this dynamic, prospective borrowers should consider making some strategic moves now. Below, we'll examine three things they may want to do next. Start by seeing how low a home equity loan rate you could qualify for here. Don't borrow from your home equity carelessly, even with rates declining. With your home functioning as collateral with either product, instead, consider taking these next steps: HELOCs and home equity loans both use your home equity as the funding source, but HELOCs operate as revolving lines of credit with variable interest rates, while home equity loans come as lump sums with fixed rates. You should compare both closely to determine which type fits your unique financial needs right now. For example, if you just want a backup emergency fund that you have no immediate plans to tap into, a HELOC may suffice as it won't require payments unless used. But if you need a large sum of money right away, a home equity loan may be better. With rates on both essentially the same right now, the intended use becomes more of a primary consideration. Compare HELOC and home equity loan rate offers online to learn more. Did you know that you can use a different lender than the one you have your mortgage with when borrowing with a home equity loan or HELOC? While competitors ultimately may have better rates and terms, you won't know which is more favorable before first seeing what your current mortgage lender offers now. So start there before shopping for competitor lenders and rates online. And, if you find a more attractive offer with another lender, consider revisiting your current mortgage lender to see if they're willing to beat it. You may be surprised at how much more affordable your options are by taking the time to shop around. With HELOC and home equity loan rates on the decline and the funding source robust now (the average home equity level sits comfortably above $300,000 now), it can be understandably tempting to borrow more equity than you may need. But that's a risk worth avoiding. With your home functioning as collateral and the potential for it to be foreclosed on if you're unable to make repayments as agreed to, borrowing the right amount of equity is critical. Use this time, then, to determine precisely how much you need versus how much you'd like to use. This will better ensure your ability to make payments in the future and reduce the risks of foreclosure. A new drop in HELOC and home equity loan interest rates offers homeowners an opportunity to borrow against their home equity at a more affordable cost. But that doesn't mean they should do so haphazardly, either. By comparing both products carefully now, shopping for rates from both your current mortgage lender and competitors and crunching the numbers to determine how much equity you require, you can more comfortably position yourself for home equity borrowing success during this decline in rates and, potentially, long-term.
Yahoo
24-07-2025
- Business
- Yahoo
ATOM Sinks 5% Amid Altcoin Weakness, Faces Key Support Test
Cosmos Hub's ATOM token suffered a steep decline over the past 24 hours, falling from $5.08 to $4.82 as institutional participants intensified liquidation activity. The 5.1% drop was accompanied by a surge in trading volume, with a peak of 7.73 million tokens changing hands during a particularly heavy sell-off between 09:00 and 14:00 UTC on July 23. The sharp move reinforced resistance around the $5.07-$5.13 range, while accumulation interest surfaced in the $4.78-$4.88 zone, offering tentative support. However, persistent breakdowns below the $5.00 threshold highlighted ongoing distribution pressure that could challenge recovery attempts without sustained buying momentum. During the final hour of trading on July 23, ATOM experienced pronounced volatility. The price tumbled from $4.90 to a session low of $4.78 before rebounding to $4.81. This recovery, while notable, came on declining volume—potentially signaling exhaustion among short-term buyers. Akash Network (AKT), another Cosmos-based project, continues to show strength in long-term forecasts, with a potential target of $6.19 in 2025, contrasting ATOM's current technical fragility. Technical Analysis Highlights 24-Hour Movement: ATOM fell 5.1% from $5.08 to $4.82 with a total range of $0.35 (6.8%). Peak Liquidation: July 23, 09:00-14:00 UTC saw volumes surge to 7.73M, well above the 1.11M average. Critical Support: $4.78-$4.88 zone showing accumulation on elevated volume. Intermediate Resistance: $4.98-$5.00 level faced multiple rejections. Institutional Pressure: Sustained breakdown below $5.00 signals distribution activity. Intraday Volatility: July 23, 13:10-14:09 UTC saw a sharp dip from $4.90 to $4.78, followed by a rebound to $4.81. Rebound Weakness: Recovery to $4.81 occurred on declining volume, suggesting possible exhaustion. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Kuwait Times
06-07-2025
- Business
- Kuwait Times
Kuwait-Egypt ties hailed as model of Arab cooperation
Kuwait's Minister of Municipal Affairs and Minister of State for Housing Affairs Abdul Latif Al-Mashari with Egypt's Ambassador to Kuwait Osama Shaltout. - KUNA KUWAIT: Egyptian Ambassador to Kuwait Osama Shaltout on Thursday described Egyptian-Kuwaiti relations as a model of Arab cooperation rooted in mutual respect and shared interests. Speaking during a reception hosted by the Egyptian Embassy to mark the 73rd anniversary of the July 23, 1952 Revolution, Shaltout highlighted the depth of bilateral ties and ongoing efforts to strengthen cooperation across various sectors. The event was attended by Kuwait's Minister of Municipality and Minister of State for Housing Affairs Abdullatif Al-Meshari, along with senior officials and members of the diplomatic corps in Kuwait. Shaltout pointed to the significant development witnessed in multiple areas of cooperation between the two countries, crowned by the historic state visit of His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah to Egypt in April 2024. He described the visit as a pivotal moment in reinforcing the strong and strategic partnership between Kuwait and Egypt. Reflecting on the significance of the July 23 Revolution, Shaltout said the movement marked a turning point in Egypt's modern history, laying the foundations for national independence, sovereignty, and comprehensive development. He added that the revolution also inspired liberation movements throughout the Arab world and Africa. The ambassador expressed his appreciation to the government and people of Kuwait for their warm hospitality and support during his tenure, reaffirming Egypt's commitment to advancing bilateral collaboration in ways that benefit both nations and further strengthen the bonds between the Egyptian and Kuwaiti peoples. — KUNA
Phone Arena
26-06-2025
- Phone Arena
Top 3 biggest issues with T-Mobile's satellite service for Android (and a big plus for iOS 26 users)
It's now officially less than a month until T-Mobile officially launches T-Satellite (that's set to happen on July 23), and here is what drives some Android users crazy. There are three major issues with the Starlink-enabled cell phone service right now, per the suspence89 Reddit user as laid out in a discussion thread. According to them, the T-Satellite service is "not ready for prime time": Image source – Reddit The user has a solid experience with T-Satellite and has been part of the beta program for over a month, actively providing feedback through surveys and bug reports in the app. However, they encountered several significant issues that made the service difficult to rely on. One major annoyance was receiving frequent, random text messages from T-Mobile stating that their device was connected to " T-Mobile Starlink". These messages often arrived at inconvenient times, including late at night, and became frustrating quickly. For someone who has issues going to sleep or who is sensitive to noises, this can be an awful experience. Another key problem for the user was service prioritization. Although they live in a rural area and depend on Wi-Fi calling nearly all the time, the phone would still frequently default to using the Starlink connection – even when a strong Wi-Fi signal was available. This caused disruptions, such as being unable to send picture messages or complete calls. Another major inconvenience, the way I see it. Fine tuning is needed as soon as possible. Additionally, they noted that T-Mobile 's customer support seemed unprepared to handle issues related to this new feature. Despite calling multiple times, they found that representatives consistently lacked the knowledge to offer meaningful help. Using a Samsung S22 Ultra, the user advised others to hold off on adopting the service for now. In their view, it would be better to wait at least another six months for the company to address these problems. Meanwhile, a fellow iPhone user who is on the iOS 26 beta program reports a win and a serious improvement over the iOS 18: Image source – Reddit Previously, the iPhone user was unable to connect to Starlink satellites on T-Mobile 's beta program, but now, after enrolling in the iOS 26 beta program, managed to. Good to know! Secure your connection now at a bargain price! We may earn a commission if you make a purchase Check Out The Offer
ABC News
24-05-2025
- Entertainment
- ABC News
Hard Quiz: If practice makes perfect, why aren't you acing this yet?
Dearest fans. It's exhausting berating you week after week for another average performance, so your beloved online Hard Quiz is taking a break. I'll be back to spoil your relaxing Sunday mornings when fresh Hard Quiz episodes hit your screens on July 23. Might I suggest you use this opportunity to study up? We both know you need it. Anyway, enough small talk, you know the rules — five points for a correct answer. OK, let's play, HARD! Stream the latest episodes of Hard Quiz on ABC iview and keep your eyes peeled for its return on July 23.
