ARM rates remain low, but not low enough The adjustable rate mortgage on a 5/1 ARM averaged 3.29% in April 2020.
Jobs move real estate California employment fell in March 2020, decreasing 89,200 jobs from the prior month.
Current market rates The average 30-year fixed rate mortgage remained roughly level in the week ending May 15, 2020, at 3.28%.
form updates this month
Coming soon! A new series of Tenant Protection Act (TPA) forms will be published on the RPI Forms Download page in the coming weeks. The new forms are used by landlords of properties subject to AB 1482 which limits annual rent increases to 5% plus the rate of inflation, and requires “just cause” to evict tenants who have occupied a unit for 12 months or more. An exhaustive article will be published in conjunction with the release of the new forms.
To access all updated forms, view our RPI Forms library
here. Click on Download the Full Forms Library to download our entire catalog.
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form updates this month