As wildfire risk continues to rise, securing affordable, comprehensive homeowners insurance coverage has become a major challenge for many California residents. But in a move that some interpret as a positive shift, Farmers Insurance has announced it will eliminate the cap on the number of homeowners insurance policies it offers in the state. Since July 2023, … Read more
Mortgage rates climbed on Thursday after four straight weeks of declines as markets adjusted their expectations following Federal Reserve Chair Jerome Powell‘s remarks on the likelihood of future rate cuts. The average rate on 30-year fixed home loans increased to 6.22% for the week ending Nov. 6, up from 6.17% the week before, according to … Read more
Blinded by a data blackout during the government shutdown and deeply divided on the correct path forward, top Federal Reserve officials are meeting again to decide their next move on interest rates. Fed Chair Jerome Powell is joining other members of the Federal Open Market Committee (FOMC) in Washington, DC, on Tuesday for the two-day … Read more