Interest Rates Resume Rapid Rise
After a steep decline in mortgage interest rates from November through the end of January, rates have quickly returned to the up-side in February with the 10-year treasury yield rising over 50 basis points during that time. Following this rise in treasury yields, the average 30-year fixed conforming loan rate …
Why New LA Area Transfer Taxes are Dangerous and Will Not Last
Recently, voters passed two new measures in the cities of Los Angeles and Santa Monica to establish additional transfer taxes on the sale of real estate. These taxes kick in for sales over a certain price with the additional revenue going to curb homelessness. In Los Angeles, this measure is …