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…
Benchmark Mortgage Rate Drops, Hike Priced In
Having jumped 15 basis points (0.15 percentage point) to within 12 basis points of its 21-year high last week, the average rate for a benchmark 30-year mortgage dropped 18 basis…
Another 2 Million Square Feet of Vacant Office Space in San Francisco
The effective office vacancy rate in San Francisco ticked over 27 percent in the second quarter of this year, representing over 23 million square feet of vacant office space spread…
Benchmark Mortgage Rate Jumps, Still Below Average
The average rate for a benchmark 30-year mortgage jumped 15 basis points (0.15 percentage point) over the past week to 6.96 percent, which is 145 basis points higher than at…
Inventory Levels Tick Up, Asking Prices Down
Having dropped the week prior, in conjunction with the holiday week(ends), the net number of single-family homes and condos on the market in San Francisco ticked back up a (1)…
Average Asking Rent in San Francisco Didn’t Budge in Q2
The weighted average asking rent for an apartment in San Francisco effectively held at $3,600 a month in the second quarter of 2023, which is one (1) percent higher than…
Benchmark Mortgage Rate Inching Up, Another Hike Looms
The average rate for a benchmark 30-year mortgage inched back up 4 basis points (0.04 percentage point) over the past week to 6.71 percent, which is 101 basis points higher…
Homebuying Activity Inches Up but Drops Year-Over-Year. And…
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. inched up 0.1 percent over the past week in the absolute and 2…
Benchmark Mortgage Rate Inches Down, Odds of an Easing Drop
The average rate for a benchmark 30-year mortgage inched down 2 basis points (0.02 percentage point) over the past week to 6.69 percent, which is 91 basis points higher than…
Mortgage Credit Availability Drops to a Lower Decade Low
Having slipped 0.9 percent in April to a 10-year low, mortgage credit availability, as indexed by the Mortgage Bankers Association, dropped 3.1 percent last month to its lowest level since…