Most home buyers don’t realize the true impact interest rates have on their buying power aside from the higher/lower payment they lock in for the foreseeable future. The fact is, mortgage rates have taken a sharp upturn now near 4% compared to 3.25% just a few months ago.
CA Housing Fast Facts
March 7, 2013 by
California median home price: January 2013: $337,040 California highest median home price by region/county January 2013: Marin, $799,110 California lowest median home price by region/county January 2013: Madera, $98,330 California Pending Home Sales Index: December 2012: 82.3 , down 20.5 percent from November’s 103.5. California Traditional Housing Affordability Index: Fourth quarter 2012: 48 percent (Source: C.A.R.) Mortgage rates: Week ending 2/28/2013 30-yr. fixed: 3.51% fees/points: 0.8% 15-yr. fixed: 2.76% fees/points: […]
CA Housing Fast Facts
February 21, 2013 by
California median home price: December 2012: $366,930 California highest median home price by region/county December 2012: Marin, $796,880 California lowest median home price by region/county December 2012: Lake County, $127,500 California Pending Home Sales Index: December 2012: 82.3 , down 20.5 percent from November’s 103.5. California Traditional Housing Affordability Index: Third quarter 2012: 49 percent (Source: C.A.R.) Mortgage rates: Week ending 2/14/2013 30-yr. fixed: 3.53% fees/points: 0.8% 15-yr. fixed: 2.77 […]
Headlines in Real Estate for week ending October 6th 2012
October 6, 2012 by
Real estate market correction, how wrong are sites like Trulia & Zillow, another low for mortgage rates & refinances go through the roof. Here are the headlines in real estate you may have missed this week: When will the housing market be “corrected?” (via San Diego Union Tribune) The housing recovery in California is expected to […]
How Long Will Mortgage Rates Stay This Low?
July 16, 2010 by
Can you imagine interest rates at 18%? That’s where they were in 1981. That’s a $2,260 monthly payment on a $150,000 home. Wow! The same home today would cost about $800 a month. What a difference the interest rate makes. A key concern for economists right now is interest rates and how long they will […]
THE REAL ESTATE BUSINESS HAS LESS TO DO ABOUT SELLING PROPERTIES AND EVERYTHING TO DO ABOUT HELPING PEOPLE.
