Local Market Update 

Please email janicelee@bhhscal.com for your report - with subject line "City Report" - if your city is not listed above

Mortgage Rates

U.S. averages as of

March 26, 2015:

 

30 yr. fixed:   3.69%

15 yr. fixed:   2.97%
 1 yr. adj:       2.46
%

Janice Lee
Luxury Properties Director
540 South Lake Ave
Pasadena, CA 91101
 
Email me at:

The national average for the 30-year fixed-rate mortgage last week was 3.69 percent, according to Freddie Mac's most recent survey. Freddie's Deputy Chief Economist Len Keifer believes 2015 will be a great year, with the highest number of housing sales since 2007. The outlook for 2015 is even better, assuring almost instant equity if you purchase now. 

 

Continued...

Good Credit Is Just As Important After Your Home Purchase

 

Everybody knows how important it is to have great credit when you're buying a house. But keeping your credit good after you've purchased is just as critical. Letting your score take a hit after you close escrow can negatively impact you in a few important ways. 

 

Whether you are buying or selling a home, your real estate professional can give you a snapshot of the local market known as the competitive or comparative market analysis or CMA. These are convenient reports that help sellers choose a listing price and buyers to make competitive offers on a given home.
  

Continued...

February 2015 Real Estate Activities for San Marino
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