Today's Current News, Opinion & Advice

After Recent Gains, Mortgage Rates Head Back Down

Getty Images WASHINGTON — Average U.S. long-term mortgage rates edged lower this week, approaching their lows for the year. The benchmark 30-year loan rate hovered near 4 percent. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage slipped to 4.01 percent from 4.02 percent last week. The 30-year rate, which stood…

When Renting Is Better Than Buying

ShutterstockWhen deciding whether to rent or own, it’s easy to fall prey to myths such as “If you rent, you’re throwing money away.” To buy, or not to buy? The answer to that question isn’t always easy. While there’s plenty of advice out there on the topic — much of it from friends and family…

Reverse mortgages: Are they worth it?

Biggest retirement mistakes NEW YORK (CNNMoney) I’ve seen a lot of commercials on TV about reverse mortgages. How do they work and who should consider a reverse mortgage, if anyone? — Judith Y., New York It’s hard to miss those commercials. They typically feature some B-list celebrity with an avuncular demeanor touting the advantages of…

Clippers Coach Doc Rivers Buys in the Hollywood Hills

The four-bedroom home has a pool and spa, a lavish outdoor entertaining area and spectacular ocean and city views. Doc Rivers Los Angeles Clippers coach Glenn “Doc” Rivers has just snapped up an $8.2 million nest in the “bird streets” of the Hollywood Hills. Before he took the helm of the Clippers, Rivers was a…

Shaker Simplicity Also Dovetails With Modern Design

By Laura Gaskill Shakers viewed simplicity and careful work as a form of prayer, which led to the design of beautifully pared-down furniture, revered to this day by modern and traditional design lovers alike. Officially called the United Society of Believers in Christ’s Second Coming, the Shakers in 1774 broke away from the Quakers in…

As Rates Tick Up, Applications for New Mortgages Fall

Getty Images By Caroline Valetkevitch NEW YORK — Applications for U.S. home mortgages fell last week as interest rates rose, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, declined 0.9 percent in the week ended Nov. 7.…

Teresa Giudice Gives Mansion a $500,000 Haircut

ZillowTeresa and Joe Giudice’s property hit the market about two months ago, not long before the reality stars were sentenced to prison time Getty ImagesJoe Giudice (left) and wife Teresa Giudice arrive for sentencing at federal court in Newark in October. The hits just keep coming for Teresa and Joe Giudice of “Real Housewives of…

Zillow: 30-Year Fixed Mortgage Rate Falls Under 4% Yet Again

The weekly mortgage rate chart illustrates the average 30-year fixed interest in six-hour intervals. By Lauren Braun Mortgage rates for 30-year fixed mortgages were unchanged this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.90 percent, the same as this time last week. The 30-year fixed mortgage rate fell early in…

Report: Iggy Azalea and Nick Young Buy Selena Gomez's House

ZillowThe last time that Selena Gomez’s house changed hands it was rumored that Jonah Hill was the buyer. APNick Young, left, and Iggy Azalea By Catherine Sherman Australian rapper Iggy Azalea and L.A. Lakers player Nick Young have purchased Selena Gomez’s Tarzana home for $3.45 million, according to the Los Angeles Times and Variety. Gomez…

Robert Pattinson Reportedly Returns to Los Feliz

Zillow Robert Pattinson’s new Los Angeles home should afford him ample privacy. APRobert Pattinson By Catherine Sherman Life is good for “Twilight” star Robert Pattinson. The English actor has a new girlfriend and he’s the owner of a 2-bedroom home in the Hollywood Hills, according to Variety. The house was purchased under a trust for…

Guess What This Steamy Video Is Really Selling

Talk about a teaser. The first 30 seconds of the YouTube video above are all sexy shots of a leggy brunette in a black bikini and stilettos. The camera lingers on her, um, assets; music swells and drowns out the narrator saying something about a “beautiful queen,” “stature over the sand,” yadda, yadda, yadda. Just…

24 Uses For a Dead Tree

Before turning a dead tree into firewood, check to see if woodworkers might want to pay you for the lumber. Sooner or later, every homeowner will likely face the problem of having a dead tree on their property. Whether it’s insects, over- or under-watering, a raised soil level impairing oxygen to the tree or a…

Pros and Cons of a Phased Home-Construction Project

By Eric Reinholdt Squaring a project’s goals and budget — often two very different things — is a common problem architects and homeowners confront in a project’s earliest planning stages. The two almost never align when we begin. Working to reduce the size of the overall project is the best way to affect the cost…

Debra Messing Scoops Up East Side Co-Op for $5.45 Million

TruliaDebra Messing’s new apartment is in a 1928 Art Deco building near the Metropolitan Museum of Art and Central Park. APDebra Messing There’s nothing like new digs to keep your mind off old boyfriends. Actress Debra Messing, who reportedly has split from long-time boyfriend Will Chase, has bought herself a fabulous, four-bedroom, four-bath co-op on…

Christina Ricci Unloads Los Feliz Bungalow at a Loss

ZillowChristina Ricci’s bought her bungalow in Los Angeles’ trendy Los Feliz neighborhood back in 2008 and recently has been renting it out. APChristina Ricci Petite actress Christina Ricci, who started the “Riccing” trend of squeezing into small spaces last year, has now exited another relatively small space — her 1,891 square foot Los Feliz bungalow…