Home insurance premiums soar 55% – here's how you can mitigate rising costs [FOX Business Network]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: FOX Business Network
In 2023 alone, insurance rates jumped 19%, the Guaranteed Rate Insurance report said. Prices are forecasted to keep rising as the increased frequency of natural disasters builds and inflation impacts home replacement costs. Those living in Florida, Texas and California have been hardest hit by the increased costs and nonrenewals as some carriers pulled out of those markets. "One of the most evident market trends in 2023, which will continue into 2024, is continued volatility, particularly as it relates to the presence of top in-state carriers and the availability of insurance," the Guaranteed Rate report said. "In some areas, top carriers are no longer offering new policies. These exits, however, have not caused 'vacuums' as there is evidence of new carriers, especially surplus lines, in select states entering the market due to the ability to offer policies at higher premiums." Whether your concern is hurricane damage, tornado damage, wind damage or flood damage, it's best to obt
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News
- Here's how much you need to earn to afford a home today [FOX Business Network]FOX Business Network
- Homes are overvalued in most of the US – and the problem is worse in these 5 states [FOX Business Network]FOX Business Network
- Saluda Grade Awarded both RMBS Issuer of the Year and RMBS Deal of the Year at the 2024 GlobalCapital US Securitization Awards [Yahoo! Finance]Yahoo! Finance
- The lock-in effect is keeping homes off the market. How long will it last? [Yahoo! Finance]Yahoo! Finance
- Mortgage Interest Rates Today, May 20, 2024 | Rates Hold Steady After Dropping Last Week [Business Insider]Business Insider
FMCC
Analyst Actions
- 2/26/24 - Keefe, Bruyette & Woods
FMCC
Sec Filings
- 5/9/24 - Form ABS-15G/A
- 5/9/24 - Form ABS-15G/A
- 5/9/24 - Form ABS-15G/A
- FMCC's page on the SEC website