Insurance bill in Texas Senate aims to make it easier for insurers to deny claims citing abuse of lawsuits after big disasters. Insurance companies are in the business of not paying claims. Guess who sponsored this bill, Sen. Larry Taylor, R-Friendswood, owner of Taylor Truman Insurrance Agency of Southeast Texas.
Month: April 2015
MCLEAN, VA–(Marketwired – Apr 30, 2015) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®)
Steve Brown of the Dallas Morning News reports Dallas Area Home prices are up 8.6% year-over-year. Dallas had the 4th highest gain in the nation and only two cities, Dallas and Denver have achieved new highs to claim full recovery status surpassing 2006 levels.
Interesting analysis on the effect of interest rates on mortgage loan payments. Here in Texas, it might take a very large increase in rates to slow down the increase in DFW housing prices. As long as employment growth is strong, competition will continue to be fierce for houses.
Housing prices are up 13% in the first quarter year-over-year and supply is at its lowest level in decades. Strong demand for anything costing less than new construction or investment grade. Increases in mortgage interest rates are not expected to be enough to balance the market