The financial markets didn't have a Trump presidential win built into the numbers. The dust hasn't settled yet, but the 10 year note and mortgage interest rates jumped hard this morning. After several mid-day rate hikes, some lenders have stopped locking loans, until the market settles ... » Learn More about Trump Wins – Rates Jump!
Tesla’s Solar Roof – I Want One
Elon Musk gave a presentation the other day on his vision of a Tesla solar roof tiles, battery storage, and the electric car trifecta. Technology is upgrading at light speed. The solar roof tiles are based on a Solar City design. Obviously the presentation is to tease the shareholders of Tesla on ... » Learn More about Tesla’s Solar Roof – I Want One
Mortgage Rates – Up Up and Away
Ever since the interest rates dropped in July because of the international paranoia about what the economy was going to do after Great Britain voted to leave the European Union (BREXIT), the interest rates have gone up substantially. 30 year mortgage rates most closely correlates with the ... » Learn More about Mortgage Rates – Up Up and Away
California Real Estate Market at a Glance
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage ... » Learn More about California Real Estate Market at a Glance
Condo HOA Special Assessments Possible Due to Mandatory Earthquake Retrofitting
Condominiums or townhouses built pre-1978 may require structural modifications to meet the City of Los Angeles mandatory retrofit ordinances. The seismic retrofit ordinance became law February 2016, and requires the retrofit of pre-1978 wood-frame soft-story buildings and non-ductile concrete ... » Learn More about Condo HOA Special Assessments Possible Due to Mandatory Earthquake Retrofitting