High-priced housing costs hurt Californians in many markets, but benefits those in the lower-priced Central Valley. Also, luxury home prices slide, the Golden State is far from the best place to retire, and a new CalHFA home program helps Native Americans.
Long-term mortgage rates remained steady for the period ending Aug. 15, as consumers continue to enjoy the lowest rates in three years.
30-year: 3.60%, no change from a week ago
15-year: 3.07% vs. 3.22% a week ago
Source: Freddie Mac
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