Tag Archives: Mortgage Rates

Housing recovery rides rate roller coaster

“Last week mortgage rates retreated from a 23-month high as the Fed sought to reassure markets that the wind-down of the stimulus program would be gradual, and contingent upon strong improvement in economic fundamentals,” said Erin Lantz, director of Zillow … Continue reading

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Local Home Prices among Highest in Bay Area

Written by Jim Welte and Jacob Bourne: San Mateo County saw a $135,000 jump in median home price in just one year, according to numbers released Thursday by DataQuick. As of June, the median local home value was $705,000, up … Continue reading

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Corelogic: There is no housing bubble

Rising mortgage rates will help to temper the possibility of a bubble as well, but they will not cut into demand dramatically, as some have predicted, according to Fleming. “Buyers buy based upon payment, and those payments are still highly … Continue reading

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Median Bay Area Home Prices Jump At Record Rates As Inventory Remains Tight

SAN FRANCISCO (CBS/AP) – The real estate tracking firm DataQuick said Thursday that the median price for homes in the nine-county San Francisco Bay area reached $555,000 in June, an increase of 6.9 percent over the previous month. The real … Continue reading

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Home price gains not enough for a ‘bubble’ say economists

Rising mortgage rates will help to temper the possibility of a bubble as well, but they will not cut into demand dramatically, as some have predicted, according to Fleming. “Buyers buy based upon payment, and those payments are still highly … Continue reading

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