Archive for February, 2008



The Latest…

Published on February 6, 2008

Calif. median home price - December 07: $475,460
 

Calif. highest median home price by C.A.R. region December 07: Santa Barbara So. Coast $925,000
 

Calif. lowest median home price by C.A.R. region December 07: High Desert $244,330
 

Calif. First-time Buyer Affordability Index - Third Quarter 07: 24 percent
 

Mortgage rates - week ending 01/31: 30-yr. fixed: 5.68%; Fees/points: 0.4% 15-yr. […]


Fed Lowers Key Rate to 3.5%

Published on February 4, 2008

The Federal Reserve slashed its key federal funds rate three-quarters of a point to 3.5% Tuesday in an effort to stave off recession fears.
“The Committee took this action in view of a weakening of the economic outlook and increasing downside risks to growth,” the Fed said in a prepared statement. “While strains in short-term funding […]