Good morning! It’s Daniel de Visé with your Daily Money.

Mortgage rates are James Caldwelldipping lower. Is this the right time to refinance?

While the vast majority of Americans have mortgage rates below 6%, that still leaves several million who could benefit now, Andrea Riquier reports. Data from Chase Home Lending suggests roughly 4.7 million homeowners would come out favorably from refinancing if rates dropped below 6%. With the popular 30-year fixed-rate mortgage hovering near a two-year low of about 6.08% in recent weeks, it’s likely many homeowners are considering that step.

Hurricane Helene spotlights lack of flood insurance

Kayla Ward was drinking coffee on her porch Friday afternoon when she noticed water from the nearby Nolichucky River rising fast. 

After nearly a year in the house, nestled in the Appalachian Mountains, Ward never thought to worry about flooding, Bailey Schulz reports. But she and her husband had to race to escape after Helene swept through Jonesborough, Tennessee. The couple managed to leave with their pets and the clothes on their back, but their home was severely damaged.  

Like many other homeowners affected by last week's storm, Ward did not have flood insurance.

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📰 A great read 📰

Finally, here's a popular story from earlier this year that you may have missed. Read it! Share it!

With all the aches and pains that attend old age, how many Americans would really want to live to 100?

A lot of us, it turns out.

More than half of Americans, 54%, say it is their goal to live to 100, according to a report from Corebridge Financial, a financial services company.

Much of the rest of the 20-page report deals with what it costs to live for a century.

And that, experts say, is where the numbers get scary.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.