MORTGAGE RATES
Rates on 30-year mortgages, which had been rising for five straight weeks, posted a decline this week to 6.35 percent as signals from the Federal Reserve eased worries about imminent interest rate increases.
MY SAFE FLORIDA HOME
Florida’s Chief Financial Officer announced today that the My Safe Florida Home program will end this weekend, when it’s expected to meet its goal of 400,000 free wind inspections.
HOMEOWNERS INSURANCE
Florida homeowners may get hit with a 2.5 percent hike in their property insurance bills, thanks to a state plan announced yesterday to shore up the Catastrophe Fund that helps cover insurance company losses after major hurricanes.
FORECLOSURES
Hope Now, the group backed by the Bush administration to help stem the mortgage crisis, said Wednesday that about 169,000 borrowers received help in May, but that number is down from 177,000 a month earlier, and the number of foreclosures continues to rise.
HURRICANES
Scientists say the jury is still out on whether rising sea temperatures will cause more hurricanes to hit U.S. coastlines – but some insurance companies are boosting premiums based on assumptions that they will.
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