The Petalumahomes.com Realty WebLog

Housing Industry Overview - Existing Home Sales in November Trend Lower; No Signs of Stabilization Yet
Regional existing home sales continue downward trend in November. The National Association of Realtors reported existing home sales rose 0.6% sequentially in November 2006, although they fell 10% YOY. In Florida, existing home sales fell 31% YOY, in the Southwest […]

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Rarely has there been such an advantageous time to refinance into a 30-year fixed-rate mortgage if you have an adjustable-rate loan. But homeowners’ love affair with ARMs is still strong. The average rate on the 30-year loan has fallen more than three-quarters of a percentage point since July, and it is near its lowest level […]

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Mortgage Update:
Mortgage rates dropped to the lowest level since Jan. 25, with the average 30-year fixed rate now 6.24 percent. The average 15-year fixed rate mortgage, popular for refinancing, dipped back beneath the 6 percent barrier, to 5.98 percent. On larger loans, the average jumbo 30-year fixed rate slid to 6.47 percent. […]

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Fast Facts
October 18, 2006
Calif. median home price - August 06: $576,360 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region August 06: Santa Barbara So. Coast $1,190,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region August 06: High Desert $332,900 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - Second Quarter 06: 23 percent (Source: C.A.R.)
Mortgage […]

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Fast Facts
October 11, 2006
Calif. median home price - August 06: $576,360 (Source: C.A.R.)
Calif. highest median home price by C.A.R. region August 06:
Santa Barbara So. Coast $1,190,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region August 06:
High Desert $332,900 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index - Second Quarter 06:
23 percent (Source: C.A.R.)
Mortgage rates - week […]

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