Mortgage rates slightly lower this week

The November 7, 2019 Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.69%, down from 3.78% last week. The 15-year fixed was 3.13%, down from 3.19% last week. The 5-year ARM was 3.39%, down from 3.43% last week. Unfortunately, rates

North Hollywood Arts District to See 60 New Live/Work apartments

The Art Set Apartments will go up about a half mile from Metro’s North Hollywood Station, according to an Urbanize.LA report. Summerland Partners and Hankey Capital are partners on the project at 11525 W. Chandler Blvd. Architect Kamran Tabrizi designed the contemporary low-rise complex. The four-story structure will offer 60 live/work studio apartments, including six

Mortgage rates higher this week

The October 31, 2019 Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.78% almost unchanged from 3.75% last week. The 15-year fixed was 3.19%, unchanged from 3.18% last week. The 5-year ARM was 3.43%, almost unchanged from 3.40% last week.

Mortgage rates higher this week

The October 17, 2019 Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.69%, up from 3.57% last week. The 15-year fixed was 3.15%, up from 3.05% last week. The 5-year ARM was 3.35%, almost unchanged from 3.35% last week.

September Unemployment Steady in L.A. County

L.A. County’s unemployment rate was unchanged at 4.4 percent in September as education-related hiring offset declines in several other sectors, according to state figures released Friday. The unemployment rate has held in the mid-4 percent range for the past six months, Employment Development Department data shows. That’s slightly above the record low of 4.2 percent

California’s New Rent Control Law May Have Limited Effect on Apartment Investors

California’s new rent cap and eviction protection law may have a limited effect on the Golden State’s surging apartment market following some uncertainty and disruption for investors, according to sales brokers and rental housing industry executives. The legislation signed last week by Gov. Gavin Newsom is one of the nation’s strongest tenant protection laws, capping