Mortgage rates fall to historic lows

Another week, another round of historically low mortgage rates. A weekly survey by Freddie Mac saw fixed mortgage rates drop again. Fixed rates hit a new record low while 5-year adjustable rates tied its previous low. Here is how the rates breakdown: A 30-year fixed rate averaged 4.36 percent. That’s down from 4.42 from last [...]

This Week in Real Estate

Bad news — Sales in July dropped off.San Diego County housing sales plummeted 19.4 percent from July 2009 — making it the slowest July since 1995. On the, sort of, bright side, the overall median prices inched up (a whole $2,500) from June to $338,000. Good news – California market has some of the best price [...]

Has worst of housing crisis passed?

Highest percentage of homes with default/ foreclosure filings: Filing change / market pct. from ’09 Las Vegas 6.6% / 9.0% Fort Myers, Fla. 5.0% / 30% Modesto 4.6% / 14% Merced 4.5% / 35% Riverside/ San Bernardino 4.4% / 23% Lowest percentage of homes with default/ foreclosure filings Utica, N.Y. .02% / 12% Burlington, Vt. .03% [...]