interest rate

The term usury refers to the act of charging an interest rate over the statutorily mandated minimum. California law restricts non-exempt lenders to charging the greater of ten percent annual percentage rate, or five percent plus the Federal Reserve Bank of San Francisco’s discount rate on money used for personal or household purposes. Usury laws …

Unconscionability and Usury: Where Do You Draw the Line? Read More »

The Federal Reserve’s increase of interest rates a few weeks ago has spurred many homebuyers into action for fear that the continuous lowering of interest rates may have come to an end. Even so, borrowing costs for banks is at the lowest level since 2008, and even mortgage rates for borrowers with damaged credit have …

Home Buying Demand Increases Due to Interest Rate Fluctuation Read More »