Mortgage Rates Influenced by China Economy Slowing, Obama Administration Restrictions In the last week, China’s announced that it will endeavor to slow its economic growth; at the same time the Obama Administration’s proposed new restrictions on the activities of financial institutions, as originally proposed by economic adviser and former Federal Reserve Chairman under the Reagan Administration, Paul Volker.  […]

Fixed mortgage rates followed bond yields lower For the third consecutive week, pushing 30-year mortgages below 5 percent once more. Similarly, ARM rates eased along with shorter-term rates, as the federal funds futures market indicates no increase in the Federal Reserve’s target rate following its upcoming committee meetings on January 26th and 27th. Because of reduced […]

Santa Monica Homes 2008-2009 Number Sold – 191 Number Sold – 188 Median Sales Price – $1,900,000 Median Sales Price – $1,505,500 Median Days on Market – 40 Median Days on Market – 45 Current Inventory Supply (as of 1/11/10) – 2.44 Months (71 Active vs. 29 in escrow) Inventory Supply at the Same Time Last Year […]