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Mortgage

Real Estate
Home Sales Tumble As Prices Set Records: Here's Why Home Sales Tumble As Prices Set Records: Here's Why
Home Sales Tumble As Prices Set Records: Here's Why US home sales dropped more than expected in June as buyers pulled back amid record-high prices and mortgage rates that have stayed high. Sales of previously owned homes fell 2.7% in June to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS. Analysts had predicted just a 0.7% drop, CNBC reported. The median sales price nationwide rose 2% from June 2024 to $435,300, setting a new record. The report reflects contracts likely signed in April and May, when the average 30-year mortgage rate hovered above 6.8% and briefly topped 7%, according to M…

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by Chris Spiker
Police & Fire
Maryland Firefighter Dies A Hero — Now His Family’s Mortgage Is Paid For Life Maryland Firefighter Dies A Hero — Now His Family’s Mortgage Is Paid For Life
Maryland Firefighter Dies A Hero — Now His Family’s Mortgage Is Paid For Life The family of fallen Baltimore firefighter Rodney Pitts III is receiving a powerful act of support following his line-of-duty death: their mortgage is being paid in full. The Tunnel to Towers Foundation announced it has paid off the mortgage on the Baltimore home where Pitts lived with his fiancée, Natasha, and their three children: Harper, Arianna, and Hendrix. Pitts, 31, was killed in the line of duty while battling a rowhouse fire on Oct. 19, 2023, in Baltimore City.  He was one of two firefighters who lost their lives that day.  The original incident drew citywide mourning a…

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by Zak Failla
News
Feds Finalize Rule Erasing $49 Billion In Medical Debt From Credit Scores, CFPB Says Feds Finalize Rule Erasing $49 Billion In Medical Debt From Credit Scores, CFPB Says
Feds Finalize Rule Erasing $49 Billion In Medical Debt From Credit Scores, Cfpb Says About 15 million Americans will see their credit reports cleared of medical debt under a new rule approved by the Consumer Financial Protection Bureau. The CFPB has finalized a landmark rule that removes $49 billion in medical debt from credit reports, the bureau said in a news release on Tuesday, Jan. 7. The regulation also prohibits lenders from using medical information in lending decisions when evaluating loan applications. The rule is expected to raise credit scores by an average of 20 points and enable the approval of 22,000 additional mortgages annually. "People …

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by Chris Spiker
Lifestyle
Maryland Woman Hits Lottery Jackpot Twice In One Night With Same Numbers Maryland Woman Hits Lottery Jackpot Twice In One Night With Same Numbers
Maryland Woman Hits Lottery Jackpot Twice In One Night With Same Numbers Charlotte Mattison turned a cold Baltimore evening into a sizzling success story on last week when her two identical Pick 5 tickets each hit the jackpot.  The secret to her double win? Strategy, persistence, and a little luck, she said after playing the numbers 3-1-4-1-3 twice, on separate $1 straight bets, and struck gold. The winning tickets were purchased at Parkside Liquors on Sinclair Lane, where Charlotte braved the chill to cash in on numbers inspired by a previous winning drawing. “I was shocked! I left that store with the biggest smile on my face after getting my tickets veri…

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by Zak Failla
Business
Winning $100K Scratch-Off Ticket Sold At Maryland Royal Farms Winning $100K Scratch-Off Ticket Sold At Maryland Royal Farms
Winning $100K Scratch-Off Ticket Sold At Maryland Royal Farms A Maryland man knew he won on a Lottery scratcher, but he didn't realize he was in for a six-figure windfall. The random purchase of a Bingo X10 scratcher landed a Cecil County man - who chose to remain anonymous - a $100,000 jackpot, though he didn't realize it right away. According to officials, during a trip to Royal Farms on Jacob Tome Memorial Highway in Port Deposit, the scratch-off ticket caught his eye, and after picking it up on a whim, scanned it at the store, when he was instructed to head to Lottery Headquarters to claim his prize. He said that he knew it would be a "substantia…

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by Zak Failla