Traditional & Non-Traditional Mortgage Solutions

🏡 Los Angeles Mortgage & Housing Update

1. Fed Hints at a September Cut
Federal Reserve Chair Jerome Powell signaled that a rate cut could be on the table in mid-September. While mortgage rates haven’t moved yet, a cut would be especially impactful here in LA, where every bit of buying power matters in a high-cost market.

2. New Law Targets Spammy Mortgage Calls Congress just passed a bipartisan bill to curb “trigger leads”—the practice that floods buyers with calls after their credit is pulled. Once signed into law, this should bring some much-needed peace of mind for borrowers.

3. Wildfire Risk in California
A new report shows more than 1.3 million homes statewide face extreme wildfire risk. In LA, that means higher insurance costs and tighter lending requirements in hillside and fire-prone neighborhoods.

4. LA Still Among the Priciest Markets
With average home prices around $1.34M, Los Angeles ranks among the nation’s top five most expensive markets—behind only places like Manhattan and San Jose. Creative strategies and the right loan structure remain key to competing here.

 
🔎 What to Watch This Week
Updates from the Fed as September approaches.
Rollout of the new privacy law banning trigger leads.
Shifts in insurance and underwriting for fire-risk areas.
Continued focus on affordability in one of the country’s costliest housing markets.

 

📊MORTGAGE RATES: WEEK OF 08/25/2025

🏠 FHA (3.5% down)  ~5.375% ARM

*7-year ARM is locked for 7 years, then adjusts. Apposed to a 30-year fixed, which has slightly higher rates right now. 

📄 Conforming  ~6.125% ARM

*Conforming loans allow as little as 3% down up to $806k loan amount or 5% down up to a $1.2M loan amount. 

🏦 Jumbo  ~5.875%  ARM

*A jumbo loan is required for any loan amount above $1.2M. 

🧾 Bank Statement Loan  ~6.625%   

*This is for the self-employed who can't use tax returns to qualify. 

NMLS #1233953 | Licensed in CA | Equal Housing Lender