Louisiana homeowners insurance costs lead more seniors to reverse mortgages

Homeowners insurance costs are higher now than they have typically been, which has the potential to hit those living on a fixed income particularly hard. This could be one reason why a local NBC-TV affiliate in New Orleans is reporting that more of the community’s seniors are turning to reverse mort
Read MorereAlpha gets into the mortgage brokerage biz, acquires Be My Neighbor

Publicly traded real estate software firm reAlpha Tech Corp. added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. reAlpha agreed to pay Be My Neighbor an aggregate purchase price of up to $6 million. This consists of $1.5 million in cash paid on
Read MoreThe cost of homeowners insurance skyrockets in Upper Midwest states

Why is homeowners insurance so expensive in the Upper Midwest? The growing prevalence of extreme weather events and the high cost of construction are pushing property insurers to significantly raise their prices, even in places you might not expect. This is according to an article published by the F
Read MoreCan mortgage rates go even lower?
Mortgage rates have made almost a 2% move lower from the highs of 2023. Now that the jobs week data is in, the question is: can mortgage rates go even lower? The answer is yes, but we will need more economic weakness, better spreads and a more dovish Fed. While the Fed can be old and slow, the bond
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