A Quick Note

What's in store for the housing market in 2012? According to an article published by U.S. News & World Report last week, pieces for a housing rebound this year are beginning to fall into place.

Obstacles remain of course, but the report suggests that home prices will bottom out nationally after a final decline of 4 or 5 percent in some markets. (Contrast that with San Francisco, where prices appreciated in many neighborhoods last year and are likely to gain further in 2012.)

U.S. News predicts more foreclosures, continued low interest rates and rising rents.The report suggests that all of this will contribute to an increase in home sales across the nation.

Market Update for San Francisco*
12/19/2011 - 12/26/2011

Mortgage Rates

Mortgage Rates as of  Wednesday, January 4, 2012
Conforming Loan Rates
30 Year Fixed	4.090%	« calculate mortgage at this rate
15 Year Fixed	3.393%	« calculate mortgage at this rate
10/1 Year ARM	3.559%	« calculate mortgage at this rate
Jumbo Loan Rates
30 Year Fixed	4.468%	« calculate mortgage at this rate
15 Year Fixed	3.863%	« calculate mortgage at this rate
10/1 Year ARM	3.995%	« calculate mortgage at this rate
Rates change daily and vary by product. They are provided here to give you a general sense of current average California rates. Your rate will vary and depends on credit and other factors. Rates are not published on weekends. Source: Topix.com