Posted by ft Editorial Staff | Aug 7, 2020 | Charts, Economic Factors, Interest Rates, Latest Articles, Market Watch | 22 The average 30-year fixed rate mortgage (FRM) rate decreased again in the week ending August 7, 2020, now at 2.88%. The 15-year FRM rate also decreased to 2.44%. FRM rates have descended to historic lows due to efforts to stimulate lending during today’s unstable economic times. Beginning in March, the Federal Reserve (the Fed) dropped their benchmark inte
By Carrie B. Reyes | Jul 27, 2020 | Feature Articles, Tax | 15 This article examines the unequal property taxes paid by Black and Latinx homeowners and the implications for homeownership rates in California. Everyone pays taxes, but how much?
Nationally, the average Black household has a 13% higher property tax burden than the average White household. That’s mainly due to the unbalanced assessed values of homes in non-White neighborhoods. Homes in Black and Latinx neighborhoo