Record Low Mortgage Rates Helping S. Fla Economy

Record low mortgage rates are giving a burst of energy to the sluggish South Florida economy with new homebuyers spending money on furniture, appliances and remodeling jobs while refinancing homeowners have extra money in their pockets with their lower monthly payments, economists said.

  • FLA Finance & Leasing Association : Second charge mortgage repossessions fall to a record low
    Commenting on the figures, Fiona Hoyle, Head of Consumer and Mortgage Finance at the FLA, said: 'Helping customers in financial difficulty to get back on track is a priority for the second charge mortgage market. This is reflected in the low number of ...
    02/7/2018 - 9:07 pm | View Link
  • Congressional votes for the week of Dec. 1
    helping low- and moderate-income families buy their own homes. A bill opponent, Rep. Maxine Waters, D-Calif., said there was already ample credit availability, and weakened regulations would spur sellers of mobile homes to charge excessive interest rates ...
    12/9/2017 - 11:01 pm | View Link
  • Rising rent payments taking up record amounts of income
    It also makes it harder to get out of debt, or save for retirement. But there is a bright spot. Low mortgage rates are making it easier to buy or pay off a home. So check your finances and budget. Who knows, a move may be in your future.
    06/29/2016 - 9:34 am | View Link
  • Former ‘Donkey Kong’ record holder’s cartoon suit tossed
    The Hollywood, Fla., man has had a long, successful career in video games and is known for his long, dark hair and beard, and wardrobe of a black shirt and pants and American flag tie. “The television character does not match the plaintiff in appearance ...
    11/23/2015 - 4:59 am | View Link
  • Car prices hit record as buyers load up on options
    Since bank interest rates run as low as 2 percent and automakers offer no-interest financing, buyers now have a choice between a lower payment or a nicer car. Unlike rising mortgage rates ... demand for cars also is helping to drive up prices.
    10/9/2013 - 5:30 pm | View Link
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