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Mortgage Refinance Not Worth It for Most Homeowners

Falling interest rates are expected to bring additional declines in mortgage rates, but most homeowners are unlikely to benefit significantly from a mortgage refinance,...

50-Year Mortgage Cuts Payments but Doubles Total Interest

The idea of a 50-year mortgage has been floated, pitching it as a way to make homeownership more affordable. But a closer look at...

Crypto Mortgage Opens New Path to Home Buying

Buying a home with cryptocurrency is no longer just a concept—it’s becoming a viable reality.   On June 25, the Federal Housing Finance Agency (FHFA) issued...

Homeownership in California Costs Second Highest in US

California homeowners are paying more than $32,000 a year in hidden ownership costs, the second highest in the nation, according to a new Bankrate...

Hundreds of California Condos Face Mortgage Hurdles

Fannie Mae has added thousands of condos to its blacklist, making mortgage approvals difficult for affected properties. The list, which now includes 5,175 complexes...

LA ranks among most expensive U.S. cities for renters, yet buying a home is even harder

Three of the five most expensive rental markets in the U.S. are in California, including Los Angeles, but data showed that purchasing a home...

Only 28% of aspiring homebuyers successfully secured a home last year

Amid rising interest rates and soaring home prices, fewer than three in ten prospective buyers succeeded in purchasing a home last year. According to a...

Wildfire victims urged to contact mortgage servicers for payment relief

Homeowners in Los Angeles County whose properties have been damaged or destroyed by recent wildfires are being advised to contact their mortgage servicers to...

Rising prices and high demand in Korean-favored areas impact real estate market

Asking prices and actual transaction prices are on the rise, particularly in favored Korean American neighborhoods. According to the real estate industry, properties in LA...

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