Articles Filed Under: Real Estate Economics

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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 »

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 »