Christopher D. Marrs

Mortgage interest rates play a significant role in the housing market and homeownership affordability. They determine the cost of borrowing and impact monthly mortgage payments. In this article, we'll take a journey through time and explore the historical trends of mortgage interest rates in the United States since 1930. Understanding these trends can provide valuable insights into the factors that have shaped the housing market over the decades. 1930s - The Great Depression and Fixed Rates: The 1930s were a time of economic turmoil due to the Great Depression. Mortgage interest rates during this period were generally fixed and relatively high, averaging around 5 to 6%. The availability of mortgage credit was limited, making homeownership a challenge for many. 1940s to 1950s - Post-War Boom and Stability: Following World War II, the U.S. experienced an economic boom. Mortgage interest rates remained stable and relatively low, averaging between 4% and 5%. The 30-year fix...

Understanding Probate Sales and Disclosure Requirements in California Introduction: When it comes to selling a property that is part of a probate estate, it's important to understand the intricacies of the process and the specific disclosure requirements. Probate sales can present unique challenges and legal obligations for both the estate executor and potential buyers. In this article, we will explore what a probate sale is and delve into the disclosure requirements in California. What is a Probate Sale? A probate sale refers to the sale of a property that is part of an estate in the probate process. Probate is the legal process that occurs after a person passes away, during which their assets, including real estate, are distributed to beneficiaries or sold to settle outstanding debts. In a probate sale, the court oversees the transaction to ensure it is conducted properly and fairly. Disclosure Requirements in California Probate Sales: In California, the disclos...