Interests Rates Take A Dip

Long-term mortgage interest rates were down again Friday with the benchmark 10-year Treasury bond yield dipped to 3.87 percent.
The 30-year fixed-rate average sank to 5.57 percent, and the 15-year fixed rate slid to 5.11 percent. The 1-year adjustable rate was down at 5.38 percent.

If you have a loan with an adjustable rate, it may be a good time to look at refinancing.

If you are looking to purchase a home, rates are still historically low.

As always do your homework with a good mortgage broker to look at your particular situation.

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Is Real Estate In California a Good Investment?

This article on Zillow provides some perspective when evaluating your return on investment in California Real Estate. Even though values in the state have declined somewhat this past year, a property purchased 5 years ago can see as much as a 56% increase in value and a home property purchased 10 years ago can see as much at 110% increase in value.

Some food for thought if you are considering purchasing property or if you already have.

Here is the link to the article on Zillow: California Real Estate