Tag Archives: Real Estate Agents in Campbell

Mortgage Rates Dip Below 3%

Courtesy: Realtor Magazine

Incentive for Home Buyers . . National Mortgage Rates for the week Ending July 16.
Courtesy: Realtor Magazine

The 30-year fixed-rate mortgage averaged 2.98% this week, the lowest rate in Freddie Mac’s records dating back to 1971.“The drop has led to increased home buyer demand and, these low rates have been capitalized into asset prices in support of the financial markets,” says Sam Khater, Freddie Mac’s chief economist. “However, the countervailing force for the economy has been the rise in new virus cases which has caused the economic recovery to stagnate, and this economic pause puts many temporary layoffs at risk of ossifying into permanent job losses.”

Freddie Mac reported the following national averages with mortgage rates for the week ending July 16:

  • 30-year fixed-rate mortgages: averaged 2.98%, with an average 0.7 point, falling from a 3.03% average last week. A year ago, 30-year rates averaged 3.81%.
  • 15-year fixed-rate mortgages: averaged 2.48%, with an average 0.7 point, falling from last week’s 2.51% average. A year ago, 15-year rates averaged 3.23%.
  • 5-year hybrid adjustable-rate mortgages: averaged 3.06%, with an average 0.3 point, rising slightly from last week’s 3.02% average. A year ago, 5-year ARMs averaged 3.48%.

Freddie Mac reports average commitment rates along with average fees and points to reflect the total upfront cost of obtaining a mortgage.

The City of Campbell List to Sales Price still Average Over-asking

What to ask? What to offer? The City of Campbell residential housing still is averaging slightly “over-asking” prices, posted within the past 30 Days, according to the MLS listings.

Campbell Sold to List Price Mar-April 2016

Campbell Sold to List Price Mar-April 2016

The Sold price to Original List price averages 104% for Residential Single Family homes and Condominiums, located in the City of Campbell CA from March 21 – April 18, 2016. The average sales price of a Single Family home is $1,280,780 and $622,400 for a Condominium. The average  sales price of a townhome is $837,000, 102% of the original list price.

If you would like additional information regarding any of these listings, please contact Agent Jeni Pfeiffer at 408-813-4256. CaBre# 01709666