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News
Home Insurance Costs Surge, Deepening Housing Affordability Strain - The MortgagePoint
7+ hour, 39+ min ago (175+ words) Since the start of 2025, premiums have surged an additional 7%, as reported by the Bureau of Labor Statistics’ producer price index. Although this index does not directly indicate consumers’ out-of-pocket expenses, it serves as a useful indicator of premium trends over…...
Bucking the Trend: Fire-Prone Parts of Rural Northern California Losing Residents - The MortgagePoint
1+ week, 3+ day ago (521+ words) More residents are leaving fire-prone parts of rural Northern California than are moving in, bucking the national trend of Americans moving into fire-prone parts of the nation, according to a new report from Redfin. Roughly two-thirds of the fire-prone counties…...
Underinsured Homeowners May be at Risk as Mortgage Rates Surge
4+ mon, 8+ hour ago (631+ words) In March, mortgage rates increased by 16 basis points—the biggest increase in a single week in over a year—putting further strain on buyers who are already navigating a difficult market. According to Freddie Mac data, the three-week increase is…...
Millions of Owner-Occupied Homes Remain Uninsured Nationwide
5+ mon, 4+ day ago (666+ words) Some 12.2 million of the 86.6 million owner-occupied residences nationwide lack insurance. That represents 1 in 7 households, or 14.1% of all residences. Lindsay Bishop, a LendingTree home insurance specialist, believes that homeowners could not have insurance because it’s not necessary. “Many people who go…...
U.S. Home Insurance Gap Widens as Natural Disasters Expose Undercoverage
6+ mon, 3+ week ago (607+ words) In order to recover from a natural disaster, home insurance is crucial. However, payments might not be sufficient to rebuild, as more and more homeowners are realizing., according to a new report from Bloomberg. Many survivors of the Los Angeles…...