Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes
A rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.
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A rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.
Whirlpool Corp., the owner of the Maytag and Amana appliance brands, is cutting about 1,000 salaried positions worldwide to reduce costs as slow US home sales limit demand.
Chicago Bears officials alongside Mayor Brandon Johnson unveiled plans for a $4.7 billion project to build a publicly owned, enclosed stadium and enhanced lakefront area.
Eleven hotels earned the top three-key distinction, in a list that focused on major markets rather than being truly comprehensive.
Blackstone Inc. and KKR & Co. mortgage real estate investment trusts are grappling with deteriorating office loans as higher interest rates and weak demand drive down property values.
Jul 22, 2021
Bloomberg News
,(Bloomberg) -- Mortgage rates in the U.S. plunged to the lowest level in more than five months.
The average for a 30-year loan was 2.78% down from 2.88% last week, Freddie Mac said in a statement Thursday. It was the fourth straight weekly decline, pushing rates down to the lowest since Feb. 11.
“Concerns about the Delta variant, and the overall trajectory of the pandemic, are undoubtedly affecting economic growth,” said Sam Khater, Freddie Mac’s chief economist. “While the economy continues to mend, Treasury yields have decreased, and mortgage rates have followed suit.”
Mortgage rates have been below 3.1% since mid-April after hitting a record low of 2.65% in January. Cheap borrowing costs have have given homebuyers more purchasing power, driving the hot housing market. A shortage of homes to buy has pushed up prices and made it difficult for buyers to find affordable properties.
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