Home Buyers Get Creative With Cash Deals to Fend Off High Mortgage Rates

Ron Brown, a partner with Heidrick & Struggles, was on the hunt in Colorado’s Arapahoe County for a new primary residence that required less upkeep than the one he was living in. By the time he found a 3,000-square-foot townhouse he wanted to buy in September, mortgage rates were significantly higher than they were a year ago. On Sept. 15, Freddie Mac announced that the average rate that week on a 30-year fixed-rate mortgage topped 6% for the first time since 2008.

To avoid the rising rates, Mr. Brown, 56, said he bought the three-bedroom home in Littleton, Colo., for $965,000 in cash. To access the capital he needed for the purchase, he tapped into his personal savings and took out a loan using his stockholdings as collateral, receiving an adjustable rate based on the federal-funds rate plus a 2.25% margin. On Nov. 7, the federal-funds rate target was 3.75% to 4%.

Healing Journey: A Growing Bible Study at Circle C Ranch

In the heart of Western New York lies a summer camp called Circle C Ranch, nestled in the serene rural landscapes, a unique spiritual movement is taking place. A nationally renowned Bible study program, known as the Healing Journey, is growing at an unprecedented rate. The Healing Journey is a 29-week Bible study program, meticulously […]

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Healing Journey: A Growing Bible Study at Circle C Ranch

In the heart of Western New York lies a summer camp called Circle C Ranch, nestled in the serene rural landscapes, a unique spiritual movement is taking place. A nationally renowned Bible study program, known as the Healing Journey, is growing at an unprecedented rate. The Healing Journey is a 29-week Bible study program, meticulously […]

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A Mid-Century Modern Retreat, A Musical Haven During Coachella

Nestled discreetly amidst the palm-lined streets of Indio, the unassuming home on Helen Ave has become a secret haven for musicians seeking refuge during the renowned Coachella Music Festival. This hidden gem has gained popularity as an exclusive retreat, offering seclusion and comfort away from the festival’s bustling crowds.  As the Coachella Music Festival continues […]

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