5% Tipping Point for Sellers vs. Locked-In Owners
Best sales prospects are homeowners with current mortgage rates of 5% or more. Those with lower rates don’t want to lose it and are more likely to hunker down.
Bank Plan Could Impact Mortgage Rates
Regulators want to boost capital requirements, but, as proposed, they’re targeting banks that offer mortgages with higher loan-to-value ratios. That could raise rates.
1 in 4 Floridians Would Ignore Evacuation Warnings
Why would a Fla. resident refuse to evacuate? Why don’t some at-risk Fla. owners buy flood insurance? A survey by AAA asked.
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