Existing-Home Sales Climb 2.0% in July
Existing-home sales rose 2% on a seasonally adjusted annual rate from June to July, with no sales declines showing in any regions. The inventory of unsold homes increased 7.3% to 1.32 million from June to July – equivalent to 2.6 months of the monthly sales pace. The...November 2020 – Monthly Real Estate Statistical Update
Up-to-date data on crucial California real estate trends from RPI (Realty Publications, Inc.). Interest rates hit historic lows for mortgages. Plummeting interest rates send refinances soaring. The Yield spread forecasts the long recovery ahead. View the Full Report...What Drives Mortgage Rates Up and Down?
Ever wonder what causes mortgage rates to go up and down? Watch this short video!Mortgage rates remain steady, rise to 2.81%
The average U.S. mortgage rate for a 30-year fixed loan remained steady this week, gaining one basis point to 2.81%, Freddie Mac said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.32%, falling from last week’s 2.33%. After this week’s...What is Mortgage Forbearance?
As the coronavirus began sweeping through the country in March, many states issued shut-down orders for businesses, putting as many as 40 million people out of work by May. On March 27, Congress passed the CARES Act to offer economic relief to those affected by the...
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