Mortgage rates sunk to record lows again this week.
The average rate on the 30-year fixed mortgage fell to 3.94%, matching the all-time low hit in early October, according to Freddie Mac’s weekly mortgage rate survey. Meanwhile, 15-year fixed-rate loans hit a new record low of 3.21%, surpassing the record set on October 6.
Five-year adjustable rate mortgages also plumbed new depths, hitting 2.86% for the week. (more…)
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La Jolla, CA—The number of homes sold in Southern California rose modestly last month from both October and a year earlier as investors and first-time buyers targeted homes priced below $400,000. Sales above $500,000 fell nearly 16 percent from a year earlier amid a troubled market for larger home loans, a real estate information service reported. (more…)
Here are few facts and history on Irvine, California. Are you looking to move? Contact me as the area expert!
Irvine is one of the nation’s largest planned urban communities and encompasses more than 65 square miles. It was incorporated on December 28,1971 with about 10,000 population. The population had grown to 212,375 in 2010.
How did the population grow so fast? What made them decide to move to Irvine? Here are a few reasons: (more…)
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