What to know about tapping into your home equity as interest rates drop

The latest interest rate cut by the Federal Reserve may have created an opportunity for homeowners to explore options for their home equity. Here’s what you need to know.

Feds cut rates: What this means for home ownership
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Arizona Realtor Bobby Lieb is chatting with FOX 10's Ellen McNamara after the much-awaited news of the Federal Reserve cutting rates, giving more people the possibilty of home ownership. He says, as far as buying and selling, that inventory has been the highest its been post-COVID.

Will the Fed's rate cut bring down mortgage rates?

While the federal funds rate is not what consumers pay directly, it affects borrowing costs for home equity lines of credit, auto loans and credit cards. Mortgage rates are linked to moves in the 10-year Treasury yield.

Study finds only 9 cities where childcare is cheaper than rent

Parents are facing the financial challenges of managing high childcare expenses that surpass what they pay for rent in most U.S. cities, according to a new study.

Nearly a third of homeowners say they are ‘house poor’ in new survey

The financial strain of having a house has led some homeowners to sacrifice paying for other critical expenses, a recent survey finds.

San Francisco 1st in U.S. to ban AI rent price-fixing software

San Francisco is putting a stop to automated price-setting for rent, arguing that software has scammed renters out of good prices for housing units.

More than 50% of Americans opting for 'rent-first' lifestyle, survey finds

A recent survey by Credit Karma reveals that over 50% of Americans are choosing a 'rent-first' lifestyle, prioritizing flexibility and savings over traditional ownership in various aspects of life, from housing to cars and fashion.

NAR settlement: What's changing about buying, selling a house?

“This is definitely changing our industry forever," Daniel De La Vega, president of One Sotheby's International Realty told FOX TV Stations.

San Francisco 1st in U.S. to ban rental-price software

San Francisco is now the first city in the nation to ban the use of a type of software that large landlords use to set rental prices.

Home prices hit another record in June even as sales fall: What to know

U.S. home prices hit another all-time high in June, even as sales of existing homes fell, according to data shared by the National Association of Realtors.

Evictions are rising fastest in these 5 American cities

Eviction filings are on the rise in several major cities as Americans grapple with the ongoing cost-of-living crisis and expensive rent costs.