Archive for October 2009

Obama announces plan to boost small businesses

Oct 27th, 2009 | By Gregory Arzumanov | Category: Financial News

WASHINGTON Oct. 23, 2009 President Barack Obama announced new small-business lending initiatives Wednesday that aim to expand loan amounts and make more capital available to small banks.
Small businesses fuel the economy and have been hardest hit by the recession, losing 2.4 million jobs from the middle of 2007 to the end of 2008, [...]



Florida’s existing home, condo sales up in September 2009

Oct 27th, 2009 | By Gregory Arzumanov | Category: South Region

ORLANDO, Fla. Oct. 23, 2009 Floridas existing home sales rose in September, which marks more than a year (13 months) that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors. Septembers statewide sales also increased over sales activity in August in both the existing [...]



Florida home insurance rates on rise again

Oct 5th, 2009 | By Gregory Arzumanov | Category: Housing News, South Region

The respite from rapidly rising insurance rates is ending for Florida homeowners.
State regulators approved an average 19 percent statewide increase for Federated National Insurance. The insurer, a subsidiary of 21st Century Holdings in Lauderdale Lakes, has 30,889 policies in Florida.
Northern Capital Group was approved for a 10 percent hike on the policies it has taken [...]



Mortgages rates dip below 5 percent

Oct 5th, 2009 | By Gregory Arzumanov | Category: Financial News

Oct. 2, 2009 Rates on 30-year home loans dropped below 5 percent for the first time in four months, but still remained above this years record low, Freddie Mac said Thursday.
The average rate on a 30-year fixed mortgage was 4.94 percent, down from 5.04 percent last week, Freddie Mac said. The last time the [...]