Here’s what lenders are saying about the state of appreciating values.

Today we’re talking with Brian McKim from House America to hear what is happening with appreciation in the market.

There's a company called Case-Schiller that tracks housing prices across the nation. Their data shows that values in Los Angeles have appreciated by 16% to 17% over the past 12 months. That’s very high compared to a normal rate of appreciation.

People who bought homes last year and put in a low down payment can quickly get a good rate and drop their mortgage insurance because the value of their home has increased. Over the last 12 months, we've seen an incredible opportunity for people to buy and realize this appreciation. It's a great market in Los Angeles.

If you put less than 10% down on an FHA loan, we might be able to help you refinance your PMI.  If you have any questions, don’t hesitate to reach out to us. We look forward to hearing from you.