California Home Prices & Mortgage Rates

Home Mortgage Rates Inch Up

The average contract interest rate for 30-year, fixed-rate mortgages increased to 6.22 for the week ending Dec. 29 from 6.12 percent, with points decreasing to 0.92 from 0.96 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans. The average contract interest rate for 15-year, fixed-rate mortgages increased to 5.93 percent for the week ending Dec. 29 from 5.84 percent, with points decreasing to 1 from 1.06 (including the origination fee) for 80 percent LTV loans.     San Diego downtown condos  [tags] home mortgage rates, home loans, mortgage market, home loan rates, interest rates [/tags]

2.2 million American households will lose their homes

A new study by an industry watch group claims that 2.2 million American households will lose their homes and as much as $164 billion due to foreclosures in the subprime mortgage market. The group goes on to claim that one in every five subprime loans outstanding will result in a foreclosure.  Considering buying or selling San Diego real estate, Bob Schwartz, (619-286-5604) certified residential real estate broker can insure that you get the best possible deal!  [tags] foreclosures, home foreclosures, housing market, San Diego real estate agent, mortgage loans, home loans, real estate market [/tags]