Bay Area Mortgage & Market Update for March 29th

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

Enjoy the Easter Weekend Bay Area!

Economic News...We had a fair amount of housing data for the week. The Case-Shiller Home Price Index continued to move sharply higher. New Home Sales for February, while slightly less than expected, followed a very strong January. Pending Homes Sales were mostly flat as increasing portions of the country are experiencing inventory issues. This is good news for housing overall as more regions come to the party California started over a year ago. Interesting news on the consumer front: Consumer Confidence tumbled which was mostly attributed to increased payroll taxes and higher fuel prices while Consumer Sentiment increased to one of the highest points of the recovery??? FHA PREMIUMS TO RISE APRIL 1ST. This is not an April Fools joke! The increase is .1% and is the third such rise in the last two years.

Mortgage Markets...Mortgage rates trended slightly lower this week. Bond Markets are closed today and the 10 Year Note finished the week at 1.855% versus 1.931% versus last week.

Next Week’s Market Moving Reports...Monday: ISM Manufacturing Index, Construction Spending Tuesday: Factory Orders Wednesday: ADP Employment Report Thursday: Jobless Claims Friday: Employment Situation, International Trade

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.

Posted by

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


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


Alamo Homes For Sale          Blackhawk Homes for Sale


San Ramon Home Search          Danville Homes for Sale


Walnut Creek Homes for Sale          Contra Costa Bank Owned Homes


Twitter          Tri-Valley Living          LinkedIn

California Bureau of Real Estate Broker Licenses 01165309 and 01190879 

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.


Equal Housing Opportunity

© J. Douglas Anderson 2010-2013 All Rights Reserved

Comments (4)

Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

Doug Contra Costa County is a very hard market to buy a home in right now.  Buyers in your area would be smart to get your help.

Mar 29, 2013 04:17 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Doug - Thank you for the very good information about Bay Area mortgage & market update for March 29th.

Mar 29, 2013 05:58 AM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Doug - You do a great job with your Bay Area Mortgage and Market Update.  You're one of the few agents that general US economic information on a regular basis.  Well done! 

Mar 29, 2013 07:12 AM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Thanks Gene....that applies to you as well! :)

You bet John

Thanks Laura!

Apr 01, 2013 08:35 AM