Freddie Mac’s March 5 Primary Mortgage Market Survey showed that rates have moved lower for the first time in four weeks. The 30-year fixed-rate mortgage fell 5 basis points from last week’s 3.80 percent to 3.75 percent. In the first week of March 2014 the 30-year fixed averaged 4.28 percent.
The 15-year fixed-rate mortgage stood at 3.03 percent on March 5, down 4 basis points from Feb., 26, when it averaged 3.07 percent. A year ago at this time, the 15-year fixed averaged 3.32 percent.
A quality or "golden" tenant represents the norm in my experience as the owner of a real estate property management company for 28 years.
A quality tenant is someone who pays the rent on time, immediately notifies an owner or manager of any maintenance issues, follows the house rules, gets along with the other tenants and enjoys living in your property. They are the gold for an investment property owner.
A strong employment report has helped send mortgage rates higher. Freddie Mac’s Feb. 19 Primary Mortgage Market Survey showed that the 30-year fixed-rate mortgage rose 7 basis points from last week’s 3.69 percent to 3.76 percent. In the third week of February 2014 the 30-year fixed averaged 4.33 percent.
The 15-year fixed-rate mortgage stood at 3.05 percent on Feb. 19, down 6 basis points from Feb. 12, when it averaged 2.99 percent. A year ago at this time, the 15-year fixed averaged 3.35 percent.
California’s housing market started the New Year still bearing the scars of 2014’s tight housing inventory and low housing affordability. Statewide home sales not only fell from December 2014, but from January 2014 as well, the California Association of Realtors (C.A.R.) recently announced.
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 351,890 units in January, according to information collected by C.A.R. from more than 90 local Realtor associations and their multiple listing services statewide.
Oakmont of Mariner Point, a luxury senior living community, invites the community to view model homes specifically designed to serve Alameda County’s aging population. The community, located at 2400 Mariner Square Dr., is scheduled to open for move-ins this spring and is now accepting reservations. Onsite walk-in and scheduled appointments are welcome from 9 a.m. to 5 p.m., seven days a week.