Citizens Policies Could Go Below 900,000
State regulators have approved as many as 649,000 policies for private insurers in October and November, another sign Florida’s insurance market is recovering.
Inflation Gauge Eases, Raising Chance of Rate Cut
Cooling inflation is good news for future interest rate cuts in the coming months and years. Interest rates are tied to mortgage rates.
Redfin: Buying More Affordable Since 2020
Housing affordability is improving for the first time in four years, an economist said. Buy now because it’s unlikely to become markedly cheaper in the near future.
10 Things About the Mortgage, Housing Market Today
Growing home equity is helping homeowners build financial buffers, and mortgage delinquencies have dropped, according to CoreLogic.
Hurricane Helene Resources: What You Need Now
Member resources include property insurance information, housing help, legal support and financial aid for those in need.
Pending Home Sales Edged Up 0.6% in August
Month over month, contract signings rose in the Midwest, South and West but dropped in the Northeast.
Mortgage Demand, Home Tours Up
Mortgage-rate locks rose 68% from a month earlier in the days after the Fed announced its interest-rate cut. Many house hunters had been waiting for the cut.
August New Home Sales Fall
Expectations of the Federal Reserve beginning the first in a series of rate reductions kept potential home buyers in a holding pattern in August.
U.S. Homebuilder Stocks Surge
Homebuilder stocks have surged as investors expect these companies to thrive from lower mortgage rates and a boost in building activity.
Average 30-Year Rate Slips to Lowest in 2 Years
The rate on a 30-year mortgage dipped to 6.08% from 6.09% last week. The rate averaged 7.31% a year ago. Rates on 15-year fixed rose to 5.16% from 5.15%.