Wednesday, January 18, 2006

Fast Fact

According to the California Association of Realtors, the minimum household income needed to purchase a median-priced home at $548,400 in California in November was $133,390, based on an average effective mortgage interest rate of 6.26 percent and assuming a 20 percent downpayment. No wonder adjustable rate mortgages are so popular!

www.HopeGoss.com

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