California Median Price - Affordability - Mortgage Rates - December 2007

February 26, 2008

Calif. median home price - December 07: $475,460
Calif. highest median home price by C.A.R. region December 07: Santa Barbara So. Coast $925,000
Calif. lowest median home price by C.A.R. region December 07: High Desert $244,330
Calif. First-time Buyer Affordability Index - Fourth Quarter 07: 33 percen
(Source: C.A.R.)
Mortgage rates - week ending 02/14: 30-yr. fixed: 5.72%; Fees/points: 0.4% 15-yr. fixed: 5.25%; Fees/points: 0.4% 1-yr. adjustable: 5.00%; Fees/points: 0.5%
(Source: Freddie Mac)

Posted in Lending, Real Estate