Monthly Archives: April 2009

South Bay and Palos Verdes Peninsula 1st Quarter Real Estate Market Report

The mortgage meltdown and huge volatility in the stock markets has obviously had a significant impact on the sale of homes. The average price per sq. ft. for homes sold in the¬†first quarter 2009 compared to the first quarter 2008, … Continue reading

Posted in Uncategorized | 2 Comments

Interest Rate Update

The following are general levels of interest rates for various loan terms for both conforming and Jumbo loans as provided by Al Hermann at al@american-california.com . Conforming 30 Yr Fixed up to $417,000 4.875% Rate 5.015% APR Pricing based on … Continue reading

Posted in Uncategorized | Leave a comment

Jumbo Interest Rates Too High??

Jumbo mortgage rates (those in excess of $729,750) are now in the 6.25% to 6.5%range, which many people consider to be too high, when compared to the extremely low rates for conforming mortgages (those less than $417,000) which are¬†below 5%. … Continue reading

Posted in Uncategorized | 1 Comment