Articles Filed Under: Real Estate Economics

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Mortgage Rates Tick Up, Probability of a Rate Hike Hits 100 Percent

Mortgage Rates Tick Up, Probability of a Rate Hike Hits 100 Percent

The average rate for a benchmark 30-year mortgage has ticked up 7 basis points over the past two weeks to 4.47 percent, which is the highest rate so far this year, 50 basis points higher than at the same time last year (3.97 percent), and within 11 basis points... Read More »

Mortgage Rates Slip, Odds of a Rate Hike Hold

Mortgage Rates Slip, Odds of a Rate Hike Hold

The average rate for a benchmark 30-year mortgage slipped 4 basis points over the past week to 4.40 percent but remains 30 basis points higher than the average rate in place at the same time last year (4.10 percent) and within 18 basis points of a 5-year high (4.58... Read More »

Mortgage Rates Hold, Fed’s Next Rate Hike Expected in June

Mortgage Rates Hold, Fed’s Next Rate Hike Expected in June

With the impact of the Fed’s predicted rate hike last week having already been priced in, the average rate for a benchmark 30-year mortgage has been holding around 4.44 percent, which is 30 basis points higher on a year-over-year basis, an increase of 51 basis points since the beginning... Read More »

Employment Ticks up to (Mostly) Record Highs as Growth Slows

Employment Ticks up to (Mostly) Record Highs as Growth Slows

Having dropped by a downwardly revised 3,700 at the beginning of the year, the number of people living in the city of San Francisco with a job increased by 2,900 in February to a near record 557,000 and the unemployment rate dropped from 2.7 to 2.6 percent. And as... Read More »

San Francisco and Oakland Rents Inch up but Remain below Peak

San Francisco and Oakland Rents Inch up but Remain below Peak

Having ended last year lower than where they started, asking rents for apartments in San Francisco have inched up around one (1) percent over the past two months, in part due to the typical seasonality in rents. And in fact, based on a comparison of roughly 2,600 listings, the... Read More »

The Fed Institutes Another Rate Hike, Signals Seven More to Come

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for two more quarter-point increases in 2018, three in 2019 and another two in 2020. The Fed dropped the benchmark rate five... Read More »

Mortgage Rates Slip, Odds of a Rate Hike Rise

Mortgage Rates Slip, Odds of a Rate Hike Rise

Having ticked up 51 basis points since the beginning of the year, the average rate for a benchmark 30-year mortgage slipped 2 basis points over the past week to 4.44 percent but remains 14 basis points higher on a year-over-year basis and within 14 basis points of a 5-year... Read More »

Mortgage Rates Continue to Inch Up, Nearing 5 and 7-Year Highs

Mortgage Rates Continue to Inch Up, Nearing 5 and 7-Year Highs

The average rate for a benchmark 30-year mortgage inched up another 3 basis points over the past week to 4.46 percent, which is 25 basis points higher than at the same time last year (4.21 percent) and within 12 basis points of a 5-year high (4.58 percent), according to... Read More »

Bay Area Employment Slips from Record Highs

Bay Area Employment Slips from Record Highs

A refinement to the State of California’s analytics increased the estimated number of people living in San Francisco with a job to a record 557,800 at the end of 2017 while the city’s unemployment rate was raised from 2.3 to 2.4 percent (the estimated size of the labor force... Read More »

Benchmark Mortgage Rate Approaching a 5-Year High

Benchmark Mortgage Rate Approaching a 5-Year High

The average rate for a benchmark 30-year mortgage ticked up another 3 basis points over the past week to 4.43 percent, which is 33 basis points higher versus the same time last year (4.10 percent) and within 15 basis points of a 5-year high (4.58 percent), according to Freddie... Read More »