Real Estate and Mortgage Market News
By Alberto Pacheco, Experience and Trust
(Home Smart Evergreen Realty)
The Dow Jones Closed at 11,092 Points California Unemployment Rate is at: 12.4 % Mortgage Interest Rates 30 Year Fixed 4.55 % Last Week 4.55 % 15 Year Fixed 3.92 % Last Week 3.95 % 5 Year Fixed 3.43 % Last Week 3.42 % Foreclosure Market and Sales in California 32, 669 Resale and new homes and condos were sold statewide in October 2010. That was down 1.5 % from 33, 176 in September and down 20.9% from 41,280 in October 2009. California sales for the month of October have varied from a low 25,382 in 2007 to a high of 70,152 in 2003, white the average is 43,938. Southern California home sales dropped to their lowest level in 3 year amid doubts about the drown-out market, recovery, tight mortgage lending policies and expired government inc...
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