Blog
What is a Homestead and What Does it Do? In California, a homestead gives protection against involuntary claims against an owner’s home. If a money judgment is rendered against you in court, the person who won the judgment against you may try to collect the monetary damages by garnishing your wages, bank accounts, or having your automobile or home sold to pay off that judgment. The homestead law...
Mortgage rates were lower again this past week. Freddie Mac announced that for the week ending January 23, 30-year fixed rates decreased to 4.39% from 4.41% the week before. The average for 15-year loans fell slightly to 3.44%. Adjustable rates were mixed with the average for one-year adjustables falling slightly to 2.54% and five-year adjustables rising to 3.15%. A year ago 30-year fixed rates were at...