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Local Market Update 

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SGV Market Overview

Mortgage Rates

U.S. averages as of

July 25, 2013:


30 yr. fixed:   4.31%

15 yr. fixed:   3.39%
1 yr. adj:        2.65%

Janice Lee
Luxury Properties Director
540 South Lake Ave
Pasadena, CA 91101

Email me at:
Homebuyers Locking In Affordability 


Fully aware both home prices and mortgage interest rates are on the rise, home buyers are hedging their bets with fixed rate mortgages (FRMs) and sizable down payments to lock in affordable housing.



Most Consumers Misunderstand Budgeting  


Budgeting goes hand-in-hand with planning to buy a home, but many consumers don't make the connection.  


A survey by the National Foundation for Credit Counseling (NFCC) revealed 57 percent of those who responded believe incorrectly that a budget is a restriction on how they choose to spend money



Time To Buy Real Estate?  Potential Buyers Think So 


It seems many buyers who've been sitting on the sidelines may finally get in the game, according to Fannie Mae's June 2013 National Housing Survey. The reason? The fear and expectation of both mortgage interest rates and housing prices going up.