Sign in Subscribe

mortgage

6.1M American Homeowners Are Without Home Insurance, Report Finds | Insurify

It’s no secret that Florida and California are in the middle of home insurance crises. But a new report from the Consumer Federation of America (CFA) suggests home insurance woes are much more widespread across the country. More than 7% of homeowners — about 6.1 million people — don’t

Senate Lawmakers Butt Heads Over Cause of Home Insurance Crises | Insurify

Home insurance premiums keep rising, but U.S. legislators are divided over what’s causing the insurance crisis. Party lines seemed to divide lawmakers at a June U.S. Senate Budget Committee meeting on “how climate is already challenging insurance markets.” Democrats argued climate change is the driving force behind

‘Everything Has Gone Up’: Retirees Feel Burdened by Inflation as Home Insurance Costs Surge | Insurify

Despite their reputation as a financially privileged generation, millions of baby boomers are slipping through significant cracks in the U.S. retirement system. A new source of financial strain on retiree budgets is homeowners insurance premiums, which have skyrocketed by 20% between 2021 and 2023. Between 2024 and 2030, 30.

The Most ‘Affordable’ Cities for First-Time Homebuyers Redefine Affordability | Insurify

Many would-be homebuyers have heard of the 30% rule, which advises them not to spend more than 30% of their gross income on housing. But in today’s housing market, rising values and nearly stagnant household incomes have made achieving that ideal impossible for many buyers. Insurify’s analysis

Weekly Mortgage Rates Rise as Fed Preps for a New Era

Mortgage rates ended last week on an optimistic note, as markets were encouraged by news of peace talks between Washington and Tehran. The conversation this week is much more dour. On Wednesday, the Senate blocked efforts to end the war, the seventh such measure put forth by Democrats. Tuesday saw

Mortgage Rates Dip in Hope of War’s End

Mortgage Rates Dip in Hope of War’s End

If you've seen contradictory headlines about mortgage interest rates today, that's because rates are in an unusual spot. Where rates have been, where they are right now, and where they could go are three separate, but related, stories. Let's start with where rates have

May Mortgage Outlook: Rates Stable but Braced for Shocks

May Mortgage Outlook: Rates Stable but Braced for Shocks

Mortgage rates are likely to remain relatively stable in May. There's no doubt that we'll have daily ups-and-downs, but a major dive is unlikely to happen. (My apologies to anyone hoping 5% rates would be back on the table anytime soon.) On the plus