The average single-family home in Lafayette sold 14 percent over the list price last month. The average sales price was $2.33 million which correlated to $933 average sales price per square foot.
Mortgage Rates Up Significantly
Mortgage rates rose across all mortgage loan types today with the 30-year fixed-rate mortgage increasing by nearly one-quarter percent from last week, according to Fannie Mae. This was due to the prospect of a faster than anticipated tightening of the monetary policy by the Federal Reserve in response to continued inflation. The 30-year fixed-rate now …
Walnut Creek Home Prices Rise
Here’s a look at the single-family home market last month in Walnut Creek. The sales price/list price ratio was 109 percent with the average sales price at $789 per square foot.
30-Year Mortgage Rate Now At 3.2 Percent
The 30-year fixed mortgage now averages 3.2 percent, indicating robust growth in demand and expectations for the year ahead, according to the National Association of Realtors and loan company Freddie Mac. The 15-year fixed rate reached 2.43 percent this week compared to 2.16 percent a year ago. Last summer the 30-year fixed rate slipped to …
Pending Home Sales Slip
Pending home sales nationally dipped slightly in November, according to the National Association of Realtors. Each of the four regions of the country saw a decline in transactions month-over-monty. Year-over-year transactions also retreated as three regions reported declines with only the midwest showing an increase. “There was less pending home sales action this time, which …
Mortgage Rates Continue To Move Sideways
Rates inched up this week to 3.11 percent for the 30-year fixed mortgage, reported Freddie Mac today, noting that despite the increase in new COVID cases the rates effectively have been moving sideways. The reason, it continued, is due to incoming economic data which suggests the economy remains on firm ground, particularly in cyclical industries …
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