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Florida Real Estate | Beach Road Realty Blog

Tuesday, January 23, 2024   /   by Richard Eimers

New Mortgage Applications Jump More Than 10%

New mortgage applications increased 10.4% from one week earlier, according to the Mortgage Bankers Association.

WASHINGTON — Mortgage applications increased 10.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 12, 2024. Last week’s results included an adjustment to account for the New Year’s holiday.

The Market Composite Index, a measure of mortgage loan application volume, increased 10.4% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index increased 26% compared with the previous week. The

The Refinance Index increased 11% from the previous week and was 10% higher than the same week one year ago. The seasonally adjusted Purchase Index increased 9% from one week earlier. The unadjusted Purchase Index increased 28% compared with the previous week and was 20% lower than the same week one year ago.

“Mortgage r4 ...

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Wednesday, October 4, 2023   /   by Richard Eimers

Florida Getting New Private Flood Insurance Company

By Kerry Smith

An AI-based, NextGen cloud platform, Titan Flood, plans to offer private flood insurance policies with the ability to provide quotes “in seconds.”

TAMPA, Fla. – K2 Insurance Services (K2) announced a strategic investment in Titan Flood Inc., a new Managing General Agent (MGA) specializing in the private residential flood market. K2 is making an equity investment in Titan Flood and will participate on its board of directors.
Florida is slowly expanding its private flood insurance market and policies that often offer different levels of coverage than the federal government’s standardized National Flood Insurance Program (NFIP) does. That’s a benefit to homeowners who want flexibility in coverage amounts and deductibles, though mortgage lenders don’t always accept private policies as a substitute for NFIP coverage – an issue for those homebuyers who need flood insurance to secure a mortgage.
According to a company release ...

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Beach Road Realty
Richard Eimers
17 Roundwood Drive
Inlet Beach, FL

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