Fast facts on home prices and mortgage rates

Fast Facts from the C.A.R. Newsline (Wed. May 2, 2007):


Calif. median home price - March 07: $580,090 (Source: C.A.R.)

Calif. highest median home price by C.A.R. region March 07: Santa Barbara So. Coast $1,200,000 (Source: C.A.R.)

Calif. lowest median home price by C.A.R. region March 07: High Desert $320,830 (Source: C.A.R.)

Calif. First-time Buyer Affordability Index - Fourth Quarter 06:25 percent (Source: C.A.R.)

Mortgage rates - week ending 4/26:30-yr. fixed: 6.16%; Fees/points: 0.5%
15-yr. fixed: 5.87%; Fees/points: 0.5%
1-yr. adjustable: 5.43%; Fees/points: 0.7%(Source: Freddie Mac)

Lorraine
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