Market Overview – March 2017 In Santa Barbara South County, the year to date average and median price levels have slightly declined- Average price of homes has dropped 2.3 % from this time last year, and the median price point has declined only 2.1%. In SB South County for the previous year, we have seen… more
Mortgage Rates
Santa Barbara South County Market Overview
Santa Barbara South County Market Report Data Feb 2016/2017 Given the year over year average and median price trends for the month of February , majority of the numbers show a downward trend in List Prices & Sold Prices from this time last year. Continuing to look into the year over year comparison of 2016… more
California Mortgage Rates Rising
California Mortgage rates increase Several key mortgage rates cruised higher today. The average rates on 30-year fixed and 15-year fixed mortgages both moved higher. The average rate on 5/1 adjustable-rate mortgages, meanwhile, also climbed. Mortgage rates change daily, but they remain much lower overall than they were before the Great Recession. If you’re in the… more
Mortgage Rates Moving Down
Mortgage Rates Tick Down for Second Straight Week Mortgage rates on average ticked down for the second straight week, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®), with the average 30-year fixed-rate mortgage posting 4.15 percent with a 0.5 point. The trend, says Freddie Mac Chief Economist Sean Becketti, is off-track… more
Buying VS. Renting in California
The advantages of buying a home instead of renting in various parts of California.