Average long-term mortgage rates rose to 3.38% in Freddie Mac’s weekly survey – the first FRM increase in almost two months. Source: Florida Realtors
FHA allows transactions to proceed with immediate reinspection
FHA loans require a post-disaster inspection in declared catastrophe areas, but a rule that could delay closings is waived. Source: Florida Realtors
Irma's Fla. insurance claims already near $2 billion
State officials say Hurricane Irma has already exceeded claims and losses (335,000 claims, $1.9B in property losses) from the two Fla. hurricanes last year. Source: Florida Realtors
NAR: Student debt delays millennial homeownership by 7 years
Despite being in prime home-buying years, a majority of millennials with student debt currently don’t own a home – and many believe student debt is the reason. Source: Florida Realtors
Houston's market proves resilient post-Harvey
Hurricane Harvey’s catastrophic flooding doesn’t appear to deter housing demand. Redfin agents say 45 buyers are ready to purchase homes where the storm hit. Source: Florida Realtors
National flood insurance extended for three months
NAR’s Call for Action ended Friday. While it initially hoped to pass a comprehensive flood bill that lasted years, Harvey aid and Irma’s impending threat last week convinced Congress to postpone any major changes. NFIP now expires in December. Source: Florida Realtors
What to do if board pres. makes use of HOA resources
Real estate QandA: All board members have a fiduciary responsibility to the community. Review HOA docs – but board can also remove or replace him. Source: Florida Realtors
What to do after a disaster hits your home, mortgage
If you’re affected by a natural disaster, what does it mean for your mortgage? Here are frequently asked questions and answers. Source: Florida Realtors
Scott declares emergency as hurricane threatens
All of Fla. will soon get a taste of Hurricane Irma, and it’s likely that a few areas will face a direct impact. Bolster your home and business defenses now. Source: Florida Realtors
Will weak inflation slow Fed's interest rate increases?
All signs point to healthy economic growth but one: inflation. The Fed wants to see 2% before it boosts interest rates, but inflation remains stubbornly stagnant. Source: Florida Realtors
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