Pmi rates california
PMI- The Truth about Private Mortgage Insurance- and why homeowners should drop it. Mortgage loans without mortgage insurance. California First Time Home Buyer Information and Pre-Qualification California Law. In 1998, California began requiring lenders to automatically cancel PMI on certain mortgages when the loan-to-value ratio had reached 75 percent as long as the borrower was current on payments. However, the law didn't require lenders to obtain new appraisals to see if homes have risen in value. Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec; 1977: 5.770: 5.660: 5.660: 5.650: 5.760: 5.850: 5.930: 6.050: 6.090: 6.090: 6.610: 6.730: 1978: 6.920: 7.050: 7.140