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A Quick Note

Realty Times is an admittedly upbeat industry website. But that doesn't mean everything it reports is coming out of left field. This week Realty Times quoted top economists as saying that positive signs on employment and national economic growth should start being felt in the housing market in the coming several months.

The Labor Department reports that there were 2.7 million job openings last month -- 200,000 more than in the same survey the month before. Meanwhile, the consensus forecast among private and government economists for gross domestic product or GDP growth in the first quarter is a very solid 3 percent.

This is all hugely important for real estate because expanding employment created by a growing national economy is essential for a return to robust housing demand and sales.

Market Update for San Francisco*
03/01/2010 - 03/08/2010

Mortgage Rates

Mortgage Rates as of  Tuesday, March 16, 2010
Conforming Loan Rates
30 Year Fixed	5.035%	« calculate mortgage at this rate
15 Year Fixed	4.428%	« calculate mortgage at this rate
10/1 Year ARM	5.137%	« calculate mortgage at this rate
Jumbo Loan Rates
30 Year Fixed	5.829%	« calculate mortgage at this rate
15 Year Fixed	5.323%	« calculate mortgage at this rate
10/1 Year ARM	5.841%	« calculate mortgage at this rate
Rates change daily and vary by product. They are provided here to give you a general sense of current average California rates. Your rate will vary and depends on credit and other factors. Rates are not published on weekends. Source: Topix.com