How spooked is California's housing market? 12 factors to watch – Fort Bragg Advocate-News
The most ghoulish factoid of these spooky times is that most Californians can't afford to buy a home in the state.
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The most ghoulish factoid of these spooky times is that most Californians can't afford to buy a home in the state.
Homebuyer demand for mortgages inched up slightly last week, as rates climbed to the highest level in more than two decades.
Demand for purchase mortgages fell for a fourth consecutive week last week as rates continued to climb, an MBA lender survey shows.
The average rate for a 30-year fixed-rate mortgage dropped to 6.71% for the week ending June 8, according to Freddie Mac's Primary Mortgage Market Survey.
Applications for purchase mortgages rose 5 percent last week, but a strong jobs report and ongoing bank instability are pushing mortgage rates back up.