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Mortgage Rates Jump Up

March 25, 2021

Since January mortgage rates have moved up half a percentage point reaching 3.17 percent for the 30-year fixed rate mortgage, according to today’s report from Fannie Mae. The 15-year fixed rate now stands at 2.45 percent. While these rates still are at historic lows, the rate increases nonetheless leave potential home buyers with less purchasing …

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Tagged With: Covid-19, Fannie Mae, Home buyers, Mortgage Rates

Housing Market Report

March 21, 2021

Tagged With: Covid-19, East Bay Real Estate, East Bay San Francisco Home Sales, Lafayette Real Estate, Moraga, Moraga Real Estate, Orinda, Orinda Real Estate, Real estate, Real Estate Trends

Homeowners Staying In Homes Longer

January 22, 2021

Homeowners are staying in their homes longer. And that’s a problem for potential home buyers as it’s a big reason why the inventory of homes for sale is a record lows and prices are near or at record highs.  The typical homeowner in 2020 had stayed in place for 13 years, up slightly from 12.8 …

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Tagged With: Covid-19, Home Inventory, Home Prices, Home Sales, Interest Rates, Pandemic

Home Prices Surge

December 29, 2020

Home prices in October rose at their fastest pace in more than six years nationally as the surge of buyers out of city centers resulted in the fewest properties listed for sale on record.  Home prices rose 8.4% year over year in October, according to the national Case-Shiller index, the highest since March 2014. Prices …

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Tagged With: Covid-19, Home Prices, Home Sales

New Home Sales Surge

August 28, 2020

Sales of new single-family homes in the country increased to their highest level in 13 1/2 years in July as the housing market continues to show strong immunity to the Covid-19 pandemic which has plunged the economy into recession. The U. S. Commerce Department says new homes sales rose 13.9 percent to a seasonally adjusted …

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Tagged With: Covid-19, Home Sales, Housing Market, Housing Starts, New Home construction, New Residential construction, U. S. Department of Commerce

Mortgage Rates Tumble Below 3 Percent

July 16, 2020

Mortgage rates in the U.S. tumbled to historic lows in the week ended July 16, according to Freddie Mac.  The rate on a 30-year fixed mortgage dropped to 2.98 percent, falling below the 3 percent level for the first time since record-keeping began in 1971. Meanwhile, the 15-year fixed mortgage rate slid to a fresh …

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Tagged With: Covid-19, Federal Reserve, Freddie Mac, Mortgage Rates

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CA BRE #01211313

Coldwell Banker Residential Brokerage
CA BRE #00616212

5 Moraga Way
Orinda, CA 94563

info@lamorindahomefinder.com

Office: 925-923-4600
Mobile: 925-878-2334
DRE: #01211313

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