San Francisco Real Estate - Residential

Mortgage Weekly Update - Last Week in Review

Foster Weeks publishes a weekly mortgage report which is updated every Monday morning. How is this affecting the San Francisco real estate market? Read our weekly and monthly market reports. Here’s what Mr. Weeks says about last week’s activity:

“DON’T TOUCH THAT DIAL.” That familiar broadcasting statement certainly applied to the markets last week, as the volatility continued and the markets changed direction quickly.

Take a look at the chart below (chart may be seen on our blog), which shows how home loan rates have climbed dramatically over the last several weeks. In fact, home loan rates are at their highest levels since the Federal Reserve announced their Mortgage Backed Security purchase plan at the end of 2008. While the chart below is just a rough indicator of present rates that require points and fees to be paid, it’s clear to see the dramatic climb rates have taken in recent days.

Read the entire report on our website.

posted by SFResidence.com @ 8:57 AM