Interest Rate Update

The September 24, 2020, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 2.90%, unchanged from 2.87% last week. The 15-year fixed was 2.40%, unchanged from 2.37% last week. The 5-year ARM was 2.90%, down from 2.96% last week.

West Hills Hospital will close its obstetrics program effective Nov. 1

The hospital’s Neonatal Intensive Care Unit; Mother/Baby; Labor and Delivery; and Nursery sections will be removed, with 35 beds and 55 staff members impacted. Management will work with program staff to offer career development training options within the hospital system. Leadership reached the decision to close the facilities after observing a “significant decline” in the

Interest Rate Update

The September 10, 2020, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 2.86%, down from 2.93% last week. The 15-year fixed was 2.37%, down from 2.42% last week. The 5-year ARM was 3.11%, up from 2.93% last week.

Mortgage Rate Update

Mortgage rates – The August 20, 2020 Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 2.99%, almost unchanged from 2.96% last week. The 15-year fixed was 2.54%, up from 2.48% last week. The 5-year ARM was 2.91%, unchanged from 2.90%

Woodland Hills Post Office Moving Again

After several years at the Westfield Promenade shopping center, the Woodland Hills Post Office will be moving to 21200 Oxnard Street. The new location will open Aug. 24, near Oxnard Street and Variel Avenue. Medical device company Thermo Fisher Scientific was the previous tenant of the 52,581-square-foot, single-story commercial building. The Promenade site, one of

Real Estate & Interest Rate Update

Existing home sales rebound in June – The California Association of Realtors announced that existing home sales surged 42.4% in June from May‘s sales totals. Existing home sales totaled 339,910 on a seasonally adjusted annualized rate in June. That was down 12.8% from June 2019. Fortunately, pending sales have also increased dramatically. The California Association