Which president has been the best for the housing market in California? Also, home refis are soaring, LA and SF go head-to-head on total home value, two of the nation’s best mid-sized markets are in California and the home flipping craze has slowed.
What pandemic or recession? Home prices reach a new record, thanks to the lowest-ever mortgage rates.
Long-term rates inched up slightly but remain below 3% for the seventh straight week for the week ending Sept. 17.
30-year: 2.87% vs. 2.86% a week ago
15-year: 2.35% vs. 2.37% a week ago
Source: Freddie Mac