Jeri Graydon Real Estate

Fast Facts

Thu, 12 Jan 2012 20:01:24 -0500

Calif. median home price: November 2011: $280,960 (Source: C.A.R.)
Calif. highest median home price by region/county November 2011: Marin: $736,410 (Source: C.A.R.)
Calif. lowest median home price by region/county November 2011: Madera: $103,330 (Source: C.A.R.)

Calif. Pending Home Sales Index: November 2011: 109.8, an increase of 11 percent compared with the prior year.

Calif. Traditional Housing Affordability Index: Third quarter 2011: 52 percent (Source: C.A.R.)

Mortgage rates: Week ending 1/5/2012 30-yr. fixed: 3.91% fees/points: 0.8% 15-yr. fixed: 3.23 fees/points: 0.8% 1-yr. adjustable: 2.80% Fees/points: 0.6% (Source: Freddie Mac)

Mortgage Applications Increase as Low Mortgage Rates Remain Steady

Wed, 14 Dec 2011 18:44:30 -0500

While economic data being reported for the U.S. has been on the positive side, global markets continue to react to European financial problems. The housing and mortgage markets are showing signs of recovery as mortgage applications increased 12.8% for the week ending December 2nd. Mortgage refinance applications were up 15.3% and purchases were up 8.3%. Freerateupdate.com’s survey of wholesale and direct lenders show that for the past week mortgage rates, except jumbo 30 year fixed mortgage rates, remained steady bringing in a surge of borrowers. 30 year fixed mortgage rates are at 3.750%, 15 year fixed mortgage rates are at 3.125% and 5/1 adjustable mortgage rates are at 2.500%.

Turning your dreams into realty...

Tue, 13 Dec 2011 14:21:00 -0500

When you’re looking to buy or sell a home in the Central Valley you want someone who knows the market and who is professional and experienced.

But real estate can be a daunting process. Your agent is a guide who should also be able to keep your adventure safe and fun.