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Mortgage Rates Hit Three Percent

March 5, 2021

Since reaching a low point in January, mortgage rates have risen by more than 30 basis points, according to Freddie Mac. While purchase activity remains high, it has cooled off over the past few weeks and currently is on par with early March 2020, it reports. “However, the rise in mortgage rates over the next …

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Tagged With: Freddie Mac, Home Prices, Home Sales, Mortgage Rates

CA Home Prices Expected To Continue To Rise In 2021

October 23, 2020

Homes prices and sales are expected to continue to rise next year, according to the 2021 California Housing Market Forecast recently released by the California Association of Realtors.  While it is likely they will continue to increase, it should be at a more modest rate, the report noted. The problem remains lack of inventory. So …

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Tagged With: California Association of Realtors, California Home Prices, California Housing Shortage, California Real Estate, Freddie Mac, Mortgage Rates

Migration From Cities Continues

October 6, 2020

My Take: The two major trends impacting real estate continue. First, the 30-year fixed mortgage rate ticked down last week to 2.88 percent, again at historic lows.  Mortgage rates that have stayed under 3 percent since July have given the housing market a strong upward trajectory during these uncertain times. Although Freddie Mac cautions that …

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Tagged With: Concord Real Estate, Contra Costa Real Estate, Freddie Mac, National Association of Realtors, Orinda Real Estate, San Francisco, San Francisco Real Estate, San Francisco Rentals, Zumper

Real Estate Remains A Bright Spot In The Economy

August 7, 2020

Real estate remains a bright spot in the economy with mortgage rates dropping to another historic low yesterday–for the eighth time this year. Freddic Mac, the mortgage buyer, reported the 30-year fixed mortgage now stands at 2.88 percent while the 15-year fixed fell to 2.44 percent. These historically low rates have been driving purchase demand …

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Tagged With: CoreLogic, East Bay San Francisco Home Sales, Freddie Mac, Interest Rates, Lamorinda Home Prices, Lamorinda Real Estate, National Association of Realtors, Real estate, Real Estate Trends

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

Mortgage Rates Again Fall To Historic Lows

July 9, 2020

For the third consecutive week 30-year mortgages have fallen to record lows as inflation remains muted in a weakened economy, even in the face of persistent demand from homebuyers. Freddie Mac, mortgage buyer, reported today that the average rate on the key 30-year fixed-rate mortgage declined to 3.03 percent, down from 3.07 percent last week …

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Tagged With: Freddie Mac, Inflation, Mortgage, Mortgage Rates, National Association of Realtors

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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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