HOMEOWNERS INSURANCE - Allstate insurance companies can keep writing new policies in Florida under an appeals court ruling late Wednesday that rejected the state’s attempt to stop them, but which also potentially sets up a quick resolution to the standoff.
MORTGAGE RATES - Rates on 30-year mortgages rose for the first time this year, to an average of 5.68 percent, after four straight weekly declines, according to Freddie Mac. Economists attributed the slight increase to the rebound in rates that occurred in Treasury bond markets this week.
ECONOMIC STIMULUS - The United States Senate hasn’t embraced one provision of an economic stimulus package that’s important than to increase in the loan limits backed by Fannie Mae and Freddie Mac. An increase would allow home buyers to qualify for higher-priced homes without relying on higher-rate jumbo mortgages. In addition, it will assist with the refinancing of higher priced properties without the jumbo rate mortgages.
Source : http://www.adeltarealty.net/
MORTGAGE RATES - Rates on 30-year mortgages rose for the first time this year, to an average of 5.68 percent, after four straight weekly declines, according to Freddie Mac. Economists attributed the slight increase to the rebound in rates that occurred in Treasury bond markets this week.
ECONOMIC STIMULUS - The United States Senate hasn’t embraced one provision of an economic stimulus package that’s important than to increase in the loan limits backed by Fannie Mae and Freddie Mac. An increase would allow home buyers to qualify for higher-priced homes without relying on higher-rate jumbo mortgages. In addition, it will assist with the refinancing of higher priced properties without the jumbo rate mortgages.
Source : http://www.adeltarealty.net/
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