Worried About Interest Rates? Just Be Glad It’s Not the 1980s

Rising interest rates are a real concern today, but a recent blog post on Freddie Mac’s website helps put the topic in perspective. The average interest rate on a 30-year, fixed-rate mortgage this week was 4.4 percent, up from 4.32 percent last week … Continue reading

Home Prices in Three Bay Area Counties Near the Million-Dollar Mark

If home prices in certain parts of the Bay Area continue their steady rise, even more buyers will find themselves staring at seven-figure price tags in the near future. Strong appreciation over the past year has pushed the median single-family … Continue reading

Mortgage Rates Will Top 5 Percent in 2014, Bankers Say

Look for mortgage rates to rise above 5 percent next year and average 5.5 percent by the end of 2015, according to the latest forecast from the Mortgage Bankers Association. Those rates are low when compared with historical levels – which averaged … Continue reading

The Federal Reserve Board Meeting

Important information from one of my trusted mortgage brokers, Jill Carothers at All California Mortgage: jill@thecarothersgroup.com, 415-686-0699. The Federal Reserve Board (the Fed) is holding the first of its eight scheduled meetings for the year, which takes place at approximate … Continue reading

Historical Mortgage Rates April – August 2011