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Low Mortgage Rates Improve Household Economics: San Mateo CA

One score and 19 years ago, 7.63% was the rate on a 30 year fixed, conforming mortgage. Today, mortgage interest rates sit a four decade low.. The chart below shows the 30 year fixed, conforming interest rate history from 1971—since the Federal Open Market Committee (FOMC) has been tracking this rate—to September 2010.

You Gotta Love Congress, San Mateo, They’ve Brought Back Higher Loan Limits. For a While.

They give. They take.  And now, they’ve given again but this time only for 2009.  What am I talking about?  Congress and conforming loan limits, my friend.  California, and especially our Fantasy Island, San Mateo County, have some of the highest prices for homes in the continental US..  We all know this but until last…Read More »

Conforming Loans in San Mateo County? Very Unlikely!

If you have been in the housing market lately you are keenly aware of what’s going on in lending.  Rates have gone up from the historic lows of a few years ago.  Get past it folks, we will never see 4% interest rates again in our lifetimes.  Where the rates are sitting today, hovering around…Read More »



The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Listing information is deemed reliable, but not guaranteed. Listings last updated 5/24/12 7:59 PM PDT.

Copyright 2012 MLSListings Inc. All rights reserved.

This IDX solution is (c) Diverse Solutions 2012.