Afternoon Contrast at Butterfly by local artist Chris Potter
This year’s mortgage rates are the lowest in more than 40 years.
Some analysts predict that the Federal Reserve will raise interest rates later this year, but they should still be at their lowest levels since many of today’s homebuyers were born. That’s according to Freddie Mac’s September 2016 Outlook, which projects the 30-year fixed mortgage will average 3.6 percent for the year, down from 3.9 in 2015. The company is also optimistic about the housing market, upwardly revising its home price appreciation forecast to 5.6 percent this year and 4.7 percent in 2017. “The housing market remains a bright spot for the U.S. economy,” says Freddie Mac’s Chief Economist Sean Beckett. He predicts that mortgage originations will spike in the third quarter to reach their highest levels in four years.
“Practicing the Fine Art of Real Estate”
March 19, 2025: Home sales are down in California, and prices are rising, with a…
Southern Santa Barbara, stretching from Carpinteria to Gaviota, offers a unique blend of coastal charm…
The southern Santa Barbara's real estate market offers a fascinating glimpse into the dynamic interplay…
In 2024 the southern Santa Barbara real estate market saw a 16% increase in inventory.…
The 40th Annual Santa Barbara International Film Festival is rolling out the red carpet Tuesday,…
The Santa Barbara real estate market in 2025 is quite dynamic and continues to attract…