At a time when homeowners are installing new roofs and paying for impact windows, many are now finding out their credit report is also determining what they pay for insurance. Insurance companies use a specialized tool called a credit-based insurance score—derived from your credit report—to help decide if they will insure your home and how much to charge for your premium. Insurers do not look at the exact three-digit score you use to get a mortgage or a credit card. Instead, specialized data vendors (like LexisNexis or FICO) analyze your credit report specifically to predict the likelihood that you will file an insurance claim.
Source: Experian+1
Tampa Bay Market In Contrast to National Market
The National real estate market is signaling a balanced environment in which buyers and sellers operate on a roughly level playing field. However, regional markets including the Tampa Bay Metro are currently in the buyer’s market column. Active inventory has risen significantly, giving buyers more negotiating power. Over half of active listings have experienced price cuts, and days on market has increased.
Source: REALTOR.com
Mortgage Rates
Hold Steady
Mortgage rates changed little this week averaging 6.66%. The economy remains resilient, demonstrated by steady consumer spending and rising household incomes. More homes coming on the market and slower price growth in many areas are giving buyers better options and helping create a more balanced housing market.
The 30-year fixed-rate mortgage averaged 6.66% as of August 27, 2026, slightly up from last week when it averaged 6.65%. A year ago at this time, the 30-year FRM averaged 6.56%.
The 15-year fixed-rate mortgage averaged 5.98%, up from last week when it averaged 5.95%. A year ago at this time, the 15-year FRM averaged 5.69%.
