Insurance

U.S. mortgage rates tumble further

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U.S. mortgage rates fell to their lowest levels in nearly two years. That’s the word from Freddie Mac, which released its latest data. Freddie Mac reports the 30-year fixed mortgage rate averaged 6.20% for the week ending Sept. down from 6.35% last week. A year ago, mortgage rates averaged 7.18%. Mortgage rates factor into home … Read more

Hurricane Francine Expected to Cost Insurers Almost $1.5 Billion

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Hurricane Francine — which made landfall in Louisiana on Sept. 11 with Category 2 winds — is expected to cost insurers close to $1.5 billion, according to an early estimate from catastrophe modeling firm Karen Clark & Company. Winds reaching 100 miles per hour triggered a power failure that affected more than 400,000 homes and … Read more