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News
Home Insurance Costs Surge, Deepening Housing Affordability Strain - The MortgagePoint
7+ hour, 13+ 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…...
Homeowners, Developers at Odds in Wake of LA Wildfires - The MortgagePoint
3+ day, 6+ hour ago (1160+ words) Residents of the Altadena neighborhood of Los Angeles are worried that developers’ plans may erase the distinct qualities that defined the neighborhood before it is was ravaged by wildfires in early 2025. Politico reported that after the Eaton fire tore through…...
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, 7+ 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…...