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Weekly Mortgage Rate Update

The Freddie Mac Primary Mortgage Survey released on June 18, 2020, reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.13%, down from 3.21% last week. The 15-year fixed was 2.58%,...

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L.A. City Council Votes to Put Vacancy Tax on Ballot

The Los Angeles City Council on Tuesday adopted a vacancy tax measure for consideration on the November 2020 ballot, potentially creating an additional tax on unoccupied residential units. If the tax framework is approved, council members pl...

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Mortgage rates dropped again last week

The Freddie Mac Primary Mortgage Survey released on May 28, 2020, reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.15%, down from 3.24% last week. The 15-year fixed was 2.62%, ...

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Governor Newsom Creates Hotline for Seniors

Governor Gavin Newsom launched a statewide hotline on Tuesday, March 31 to help the state’s 5.3 million residents older than 65 connect with state and local services during the novel coronavirus outbreak. The number for the hotline is ...

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L.A. County Offers $10,000 Business Grants

To help businesses during the coronavirus pandemic, Los Angeles County on Monday announced it will launch a $500,000 fund for grants to companies with two to 50 full-time employees. Called the Employer Assistance Grant Fund, the state-fund...

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