Current market rates
Where are mortgage rates now? Check out our weekly interest rate update to track the latest market rates.
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Category: Finance and Mortgages
DBO Bulletin Digest January 2020
The first DBO Bulletin Digest of 2020 gets right to business with a DBO overhaul and fintech initiatives.
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Mortgage rates drive buyer purchasing power
How will home prices change over the next 20 years? The answer is in the Buyer Purchasing Power Index, which demonstrates how interest rate changes affect buyer funds, and in turn home pricing.
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More subprime mortgages issued in 2019
When subprime mortgages are originated in large numbers, they can be a danger to the housing market.
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Buyer Purchasing Power Index rises in Q4 2019 with falling interest rates
first tuesday’s 2020 forecast shows buyer purchasing power decreasing in the coming months.
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2019 California legislative round-up
This article digests the bills relevant to real estate that passed and were signed into law in California during 2019.
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DBO Bulletin Digest December 2019
Editor’s note — The California Department of Business Oversight (DBO) supervises, licenses and...
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How homebuyers are saving up to buy
55% of homebuyers reported making at least one type of financial sacrifice to save.
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LIBOR phaseout approaching
What will happen when the LIBOR expires in 2021?
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California mortgage loan originators down in 2019
The trend for state-licensed MLOs is down in 2019.
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Refinances oppose interest rate movement
As refinances slow, mortgage originators are getting nervous.
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DBO Bulletin Digest November 2019
Editor’s note — The California Department of Business Oversight (DBO) supervises, licenses and...
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Mortgage lenders report rising profits in Q2 2019
Mortgage loan originators (MLOs) reported net gains in the second quarter (Q2) of 2019.
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Mortgage Concepts: What are the elements of nontraditional mortgage risk?
This Mortgage Concepts video reviews the risks identified in the Guidance on Nontraditional Mortgage Product Risks.
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Homebuyers pay more when they don’t mortgage shop
Homebuyers who don’t mortgage shop are leaving a lot of money on the table. Just how much money could they save?
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DBO Bulletin Digest October 2019
This month’s DBO Bulletin Digest features an investment fraud case, public bank law and a cannabis banking guidance.
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Change the law: Phase in a Qualified Residential Mortgage requirement for a 20% down payment
first tuesday proposes to phase in a graduated down payment requirement for the qualified residential mortgage (QRM).
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FHA smooths the path for condo approvals
The FHA is now processing approvals for individual units in unapproved projects.
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California’s annual mortgage report card is out
Some noteworthy mortgage data is now available from the Home Mortgage Disclosure Act (HMDA).
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Is it a Section 32 loan?
The Home Ownership and Equity Protection Act (HOEPA) protects consumers against potential abuses in connection with high-cost home loans.
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