Bay Area Mortgage & Market Update for August 10th

By
Real Estate Agent with Tucker Associates Real Estate Services Broker, CalBRE 01165309

Mortgage and Market Update for August 10th


Economic News: The “Dog Days of Summer” are here and as described by Wikipedia...”are the hottest, most sultry days of summer...” and that is exactly what we are in for this weekend in the Bay Area. As far as economic news goes this was a quiet week. Nothing to report so...

Have a Great Weekend and head toward the coast to stay cool!


Mortgage Markets: The 10 Year Note is currently trading at 1.649% which is just a tick higher than the 1.566% close last week. Mortgage rates have been under moderate pressure this week.

Next Week’s Reports: Tuesday: Producer Price Index, Retail Sales Wednesday: Consumer Price Index, Industrial Production, Housing Market Index Thursday: Housing Starts, Jobless Claims Friday: Consumer Sentiment

While I do not originate loans I make it a habit to keep abreast of mortgage & market conditions. If you are thinking of purchasing a home the first step is to meet with a mortgage professional. I will gladly provide several top-notch Bay Area advisers for your review if you are in need of a referral.

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Thinking of Buying, Selling or would just like to discuss what's going on in your neighborhood?

 Call...

Doug Anderson

Doug Anderson An Independent Real Estate Broker - Executive Brokers, sm

 800.900.2634 Toll Free...925.974.1171 Direct...925.570.0611 Mobile

 

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Any statistics were compiled from Public Records and other industry sources and are deemed reliable but not guaranteed. Any square footage quoted is approximate and requires buyer verification. It is illegal to discriminate against any person because of race, color, religion, sex, handicap, family status or national origin.

 

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Comments (2)

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Doug - Even here in Tahoe, it's hot.  Stay cool and out of the heat this weekend!

Aug 11, 2012 04:35 AM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Great advice Laura....

Sep 03, 2012 07:59 AM