Financial/Mortgage Update


Mortgage rates are down for a 30-year fixed compared to last month for the Palos Verdes real estate market. These rates are as of April 3, 2009.

Also of note, the California Association of Realtors announced “a new program designed to provide peace of mind to first-time buyers who are hesitant to enter he housing market due to concerns about potential job loss, and subsequently being unable to met their monthly mortgage obligations.” This Mortgage Protection Program is free for the first year to eligible applicants who meet the following guidelines:


Click here for more information and for an application. Above mortgage rates for Palos Verdes homes are provided by Jim Kurata, Peninsula Mortgage/Chase (310-994-2769).

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