Mortgage Rates Slip, Odds of a Hike in June
The average rate for a benchmark 30-year mortgage has slipped 8 basis points over the past week to 4.12 percent. While the average remains 20 basis points above the 3.92…
Benchmark Mortgage Rate Dips but Begins the Year above 4 Percent
Having hit a 32-month high at the end of 2016, the average rate for a benchmark 30-year mortgage slipped 12 basis points over the past week to start the year…
Inventory of Homes for Sale in SF Starts 2017 at a Four-Year High
Depleted by listings which were withdrawn from the MLS over the holidays, many of which are likely to soon return to the market as “new,” perhaps with unofficial price reductions…
Benchmark Mortgage Rate Hits a 32-Month High
As we foreshadowed within a basis point, the average rate for a benchmark 30-year mortgage jumped another 14 basis points over the past week to 4.30 percent, the highest average…
Pace of Existing Home Sales in the U.S. Nears a Ten-Year High
Having ticked up 2.0 percent in October, the seasonally adjusted pace of existing-home sales in the U.S. inched up another 0.7 percent in November to an annual rate of 5.61…
Unemployment Rates Drop but Employment Slips in SF and East Bay
While the unemployment rate in San Francisco ticked up to 3.4 percent in October, it was driven by an increase in the size of the labor force and the number…
Mortgage Rates Tick Up to a 26-Month High, Poised to Move Higher
Measured prior to yesterday’s rate hike, the average rate for a benchmark 30-year mortgage ticked up another 3 basis points over the past week to 4.16 percent, the highest average…
The Fed Institutes a Rate Hike, Signals Three More in 2017
As predicted, the Federal Reserve has just raised interest rates for the first time since December of last year, upping the target federal funds target rate by 0.25 percent (25…
Shrunken Development Newly Rendered and Rationalized
Plans for a pair of residential towers to rise up to 27 stories in height at 325 Seventh Street, on an S-shaped site extending from the corner of 7th and…
Mortgage Rates Hit Two-Year High, Probability of a Hike: 97%
The average rate for a benchmark 30-year mortgage ticked up another 5 basis points over the past week to 4.13 percent, the highest average rate in over two years and…