Patrick Carlisle, Compass Chief Market Analyst Nor Cal
Interest rates for new home mortgages had come down into the mid 5%-6% range. The big news is the sudden jump back up of about .5% in interest rates due to the unexpectedly strong jobs report on Friday, October 4th. Hopefully, this will turn out to be an anomalous short-term fluctuation amid the general trend of substantial interest rate declines seen in recent months. The next big report will be September's inflation reading, due to be released on Thursday, October 10th.
For the entire report in Flipbook format:
San Francisco Real Estate Market Report