Articles Filed Under: Real Estate Economics

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Mortgage Rates Inch Up, 30-Year within a Basis Point of 4-Year High

Mortgage Rates Inch Up, 30-Year within a Basis Point of 4-Year High

Having jumped 45 basis points since the beginning of the year, the average rate for a benchmark 30-year mortgage inched up another 2 basis points over the past week to 4.40 percent, which is 24 basis points higher on a year-over-year basis and within 1 basis points of a... Read More »

Mortgage Rates Continue to Rise, Short-Term nearing 7-Year Highs

Mortgage Rates Continue to Rise, Short-Term nearing 7-Year Highs

Continuing a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage ticked up another 6 basis points over the past week to 4.38 percent, which is now 43 basis points higher than at the beginning of the year, 23 basis points... Read More »

Benchmark Mortgage Rate Jumps to an Effective 4-Year High

Benchmark Mortgage Rate Jumps to an Effective 4-Year High

In a move that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage moved up another 10 basis points over the past week to 4.32 percent, which is 37 basis points higher than at the beginning of the year, 15 basis points higher... Read More »

Benchmark Mortgage Rate Continues to Rise, Nearing a 4-Year High

Benchmark Mortgage Rate Continues to Rise, Nearing a 4-Year High

The average rate for a benchmark 30-year mortgage rose up another 7 basis points over the past week to 4.22 percent which is the highest rate in over ten months, 3 basis points higher than the same time last year, 27 basis points higher than at the beginning of... Read More »

Rents in San Francisco and Oakland Slip Versus 2017

Rents in San Francisco and Oakland Slip Versus 2017

Having ended last year lower than where they started, asking rents for apartments in San Francisco inched up 1.1 percent over the past month but remain 1.3 percent lower versus the same time last year. In fact, based on a comparison of roughly 2,500 listings, the weighted average asking... Read More »

Mortgage Rates Jump

Mortgage Rates Jump

The average rate for a benchmark 30-year mortgage jumped 11 basis points over the past week to 4.15 percent which is still 4 basis points below the 4.19 percent rate in place at the same time last year but the highest rate in ten months and 37 basis points... Read More »

San Francisco and East Bay Employment Slip, Santa Clara Gains

San Francisco and East Bay Employment Slip, Santa Clara Gains

While seasonal hiring typically ticks employment up at the end of the year, the number of people living in San Francisco with a job slipped by 500 in December to 556,900 while the unemployment rate held at a record low of 2.3 percent as the size of the labor... Read More »

Benchmark Mortgage Rate Back above 4%

Benchmark Mortgage Rate Back above 4%

The average rate for a benchmark 30-year mortgage inched up 5 basis points over the past week to 4.04 percent, which is 5 basis points below the 4.09 percent rate in place at the same time last year but the highest rate in eight months and 26 basis points above... Read More »

Benchmark Mortgage Rate Hovering Around 4%

Benchmark Mortgage Rate Hovering Around 4%

Having moved in a narrow four basis point range since the end of 2017, the average rate for a benchmark 30-year mortgage is back to 3.99 percent, which is the highest average rate since the first quarter of 2017 and 21 basis points above last year’s low of 3.78... Read More »

Benchmark Mortgage Rate Inching Up, Ending 2017 Around 4%

Benchmark Mortgage Rate Inching Up, Ending 2017 Around 4%

As expected, the average rate for the benchmark 30-year mortgage inched up 5 basis points over the past week to 3.99 percent, which is the highest rate in five months and versus 2017’s low of 3.78 percent but still 33 basis points below the 4.32 percent rate in place... Read More »