30 fixed mortgage rate averaged 3.98 percent – with an average .07 point for the week ending this last June 13, 2013.
Reporting on the 15 year – 3.10 was up .07 from last week.
However, there was an uptick in the unemployment rate to 7.6 percent – However it was due to an increase of 420k in the size of the labor force in the USA. May also reported the “underemployment” force rate fell from 13.9 to 13.8.
May, the month of my birth had some good news apparently.
However, we are watching as the prices are continuing to rise throughout most of the Santa Clarita Valley Cities.
On Today’s video I talked about the issues with looking at real estate websites talking about “Santa Clarita”. You need to ask yourselves where the data they are using is coming from.
There are specific Cities in the Santa Clarita Valley. Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch and Valencia.
Santa Clarita is not a choice given to the local agents when they are entering real estate listings into the local Multiple Listing service with the Board of Realtors.
This is good intel to know because the “data you may be looking at” maybe inaccurate.
Make sure you are looking at local Realtor Websites equipped with the IDX - internet Data exchange feed. Those are feeds the Major Real Estate syndication websites cannot obtain because they are not “licensed realtors” under a real broker.
Be safe – search well and also check out the bit I did on Santa Clarita Open houses being held this weekend and the best ways to search for those.
Talk with you tomorrow and thanks for watching and reading our Santa Clarita REMAX Realtor update for Friday.