Lila Afshar

Open House Sunday 8/12/18 12-3 PM

Tips for Sellers

Mortgage Rates down this week The July 5, 2018 Freddie Mac Primary Mortgage Survey reported that the 30 year fixed mortgage rate average was 4.52%, down from 4.55% last week. The 15 year fixed was 3.99%, down from 4.04% last week. The 5-year ARM was 3.74% down from 3.87% last week.

Open House Saturday 6/30 1 PM - 4 PM

Mortgage Rates higher this week - The April 19, 2018 Freddie Mac Primary Mortgage Survey reported that the 30 year fixed mortgage rate average was 4.47%, slightly above last week’s 4.44%. The 15 year fixed was 3.94%, up from 3.87% last week. The 5-year ARM was 3.67%, up from 3.61% last week. Rates were higher at the end of the week, so next week’s rates will be higher. California home sales up slightly - Home prices show year over year double digit increases in Los Angeles... - The California Association of Realtors reported that Existing, single-family home sales totaled 423,990 in March on a seasonally adjusted annualized rate. That represented a 1.6% increase from last March’s sales pace. The median price of a home in March in California was $565,830, up 8.9% from March 2017. The median price in Los Angeles County rose 13.6% year over year from last March. It was the fourth straight month of double digit year over year increases. Ventura County showed the smallest year over year increase in the state with the median price growing just 1.8%. Inventory levels statewide remained at historic lows. The unsold inventory index dropped to a 2.9 month supply in March, down from a 3 month supply in March 2017. This historic low inventory is pushing prices higher. See more