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Property News for 5 February 2024
Mortgage rates jump back over 7% as stronger economic data rolls in
CNBC - 5 Feb 2024 20:05
Mortgage rates crossed over 7% for the first time since December, making homes less affordable just ahead of the spring housing market.
Insurers such as State Farm and Allstate are leaving fire- and flood-prone areas. Home values could take a hit
CNBC - 5 Feb 2024 13:02
Insurance companies are reducing coverage in climate-dangerous markets, leaving many homeowners without affordable property insurance options.
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