Benchmark Mortgage Rate Hits a 22-Year High of Only 7.23%
The average rate for a benchmark 30-year mortgage ticked up another 14 basis points (0.14 percentage points) over the past week to 7.23 percent, which is 168 basis points higher…
Homebuying Activity in the U.S. Drops to a 28-Year Low
Following a trend that shouldn’t catch any plugged-in readers by surprise, the number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped 7…
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East Bay
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Bay Area Employment Drops on Year-Over-Year Basis, Again
Having dropped in June, the number of San Francisco residents with a job increased by 6,300 in July to 564,200, a seasonally driven increase that could mislead some. In fact,…
Number of Homes on the Market in San Francisco Jumps
Driven by listings for single-family homes, the net number of homes on the market in San Francisco, including condos, jumped over 10 percent over the past week, with the first…
Benchmark Mortgage Rate Just Hit a 21-Year High of Only 7.09%
As projected, the average rate for a benchmark 30-year mortgage ticked up 13 basis points (0.13 percentage points) over the past week to 7.09 percent, which is 196 basis points…
Benchmark Mortgage Rate Poised to Hit 7 Percent
The average rate for a benchmark 30-year mortgage ticked up 6 basis points (0.06 percentage points) over the past week to 6.96 percent, which is 174 basis points higher than…
Average Asking Rent in San Francisco Just Dropped YOY
While the weighted average asking rent for an apartment in San Francisco proper has been holding firm at around $3,600 a month since mid-March, it’s now down nearly 4 percent…
Number of Homes on the Market in S.F. Drops, Prices Too
The net number of single-family homes and condos on the market in San Francisco ticked down 6 percent over the past week and is now 18 percent lower than at…
Inventory Levels Still Above Average in S.F., Prices Ticking Down
Despite a 25 percent drop in new listing activity, the net number of single-family homes and condos on the market in San Francisco only ticked down 1 percent over the…
Benchmark Mortgage Rate Inches Up, Poised to Hold
The average rate for a benchmark 30-year mortgage inched up 3 basis points (0.03 percentage points) over the past week to 6.81 percent, which was 151 basis points higher than…