Posts from July 2024

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Uncategorized | 818 Posts
July
15

July 1, 2024 

Beverly Hills illegally rejected plan to build 165 new homes, C.A.R.-backed group says in second lawsuit against the city

LOS ANGELES (July 1) – Californians for Homeownership, a nonprofit organization sponsored by the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.)that aims to address California's housing crisis through impact litigation, today announced that it has filed a lawsuit against the city of Beverly Hills over its denial of an application to build a 165-unit mixed-use development in the city's urban core. The lawsuit is the group's second filed against Beverly Hills, after a Los Angeles County Superior Court judge ruled in its favor in another housing lawsuit late last year.

This is the organization's first lawsuit filed under...

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July
15

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July
9

Compare current mortgage rates for today

Jul. 09, 2024

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Mortgage news this week - July 3, 2024

Mortgage rates still above 7% as home prices surge

Frustrated homebuyers continue to grapple with 7 percent mortgages, with the price of a 30-year fixed mortgage averaging 7.09 percent this week, according to Bankrate's lender survey. Hotter mortgage rates have run in tandem with higher home prices. The typical home for sale hit a new record in May at $419,300, the National Association of Realtors recently reported.

Mortgage analyst Jeff Ostrowski covers more on the latest rate movement in our weekly update.

Learn more: Mortgage rates 1970s to present

Mortgage rates to stay put


Ken Johnson

Real estate economist, Florida Atlantic University

"As long as the yield curve for government debt stays inverted, mortgage rates will not fall substantially because an inverted yield curve signals risk in lending. The yield curve has been inverted since July 2022. The average 30-year mortgage rate since then has been around 7 percent. As for next week's long-term mortgage rate prediction, the upward trend for the last three weeks should continue." - July 3

Current mortgage and refinance interest rates

Product Interest Rate APR
30-Year Fixed Rate 7.07% 7.12%
20-Year Fixed Rate 6.82% 6.87%
15-Year Fixed Rate 6.56% 6.64%
10-Year Fixed Rate 6.44% 6.51%
5-1 ARM 6.68% 7.81%
10-1 ARM 7.07% 7.88%
30-Year Fixed Rate FHA 6.90% 6.94%
30-Year Fixed Rate VA 7.07% 7.11%
30-Year Fixed Rate Jumbo 7.23% 7.28%

Rates as of Tuesday, July 09, 2024 at 6:30 AM


Article belongs to Bankrate.com

July
9

CALIFORNIA AVOCADO COMMISSION JUNE MARKETING DIGEST

  • Jun 27, 2024

California Avocado Displays and Signs to Attract Shoppers at Participating Retailers

Whether it's signs developed by the California Avocado Commission or individual retailers, signage in retailer produce departments grab the attention of consumers when they are shopping for California avocados or other produce items. Retailers have shared with CAC retail marketing directors that they like the new California avocado advertising creative campaign with its locally grown and sustainably farmed messaging. Targeted retailers are showcasing the California avocado-branded signage in their stores, as well as on their websites and mobile apps – reaching customers in-store and online where they shop for California avocados.

Myster...

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July
9

Cost of buying a home in America reaches a new high, Redfin says

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