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420 Montgomery Street
San Francisco, California 94163
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer a ... more
Single-family homeowners here are faring much better... | Mason McDuffie Mortgage
It's also reflected in the relatively low percentage (one-quarter) of transactions involving short sales (where the home is worth less than the owner owes) and bank-owned foreclosed properties.
This is based on data from the BayEast Realtors Association.
Looking ahead, Brebner expects mortgages rates to continue to edge up as the economy improves.
That trend should be a call to action for people considering whether to buy now or wait to see if home prices continue to slip.
BayEast statistics over the past three years show the median price falling to $654,000 in 2009 from a $798,500 in 2008.
For 2010, it climbed to nearly $700,000.
"Particularly if a couple is looking to buy and stay in a home for a number of years, paying one-half or a full point of interest is going to be significantly costlier than waiting and hoping a price may drop another $20,000 or $30,000," said Brebner.
For the refinance market,
Todd Brebner (925) 998-1269 firstname.lastname@example.org
Pleasanton Office | Mason McDuffie Mortgage
Bankers Life and Casualty Company