Posts from June 2023
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14
Current mortgage interest rates in California
Current mortgage interest rates in California
As of Wednesday, June 14, 2023, current interest rates in California are 7.09% for a 30-year fixed mortgage and 6.47% for a 15-year fixed mortgage. After hitting record lows in 2021, mortgage rates rose sharply in 2022. So far, in 2023, they've plateaued somewhat in the 6 percent range. Still, the seemingly here-to-stay higher rate environment means housing affordability, already a challenge in California's high-priced real estate market, presents an even higher hurdle.
One silver lining: Rates on jumbo mortgages have been below rates for co...
14
Help your clients get tips to find homeowners insurance in fire-prone areas
With State Farm and Allstate announcing they will no longer sell new home insurance policies in California because of wildfire risks and an increase in construction costs, it will become increasingly harder for homebuyers to find affordable homeowners insurance in fire-prone areas.
Keeping Your Home Protected When Insurance Options are Limited and Expensive
Friday, June 9, 2023
Noon
Register here:
Attend a webinar by United Policyholders, a non-profit organization whose mission is to be a trustworthy and useful information resource and an effective voice for consumers of all types of insurance in all 50 states to learn:
- What to do if your insurer non-renews you.
- Is it safe to insure your home through a company you've never heard of?
- Wha...
8
The 2023 California Avocado Season Is Officially Here
The 2023 California Avocado Season Is Officially Here
The California Avocado Commission shares tips on how to maximize enjoyment of in-season California avocados
California Avocad...
8
State Farm, Allstate stop selling home insurance to new customers in CA
State Farm and Allstate have announced they will no longer sell new home insurance policies in California because of wildfire risks and an increase in construction costs. Here are some facts:
- State Farm and Allstate are not leaving the California Insurance Market: State Farm and Allstate will continue to service and renew policies of existing clients in the state and will continue to offer new auto insurance policies. However, they will not be issuing any new property insurance policies for the time being in California.
- What are the implications of the decision for prospective homebuyers? In certain high-risk areas of the state, there are very few insurance companies willing to write new policies. In some higher risk areas, State Farm was the last private insurance company writing policies. In those areas, unless the Insurance Commissio...