Thursday, August 22, 2013

Mortgage Rates Hit 2 Year High

Secret Property: I have a 3 bed 2 bath plus bonus room single family home coming on the market near the intersection of Blossom Hill and Snell in San Jose. Will be coming on the market in mid-October, and the price will be around $600,000. If you are interested CALL ME. The seller is highly motivated and the home will be move in ready.

Just Sold: 921 Barbara Ave in Mountain View $1,305,000. Won the bid against 9 other bidders but wasn’t the highest price!
603 Easton Dr in San Jose $349,000. 35 Offers! Sold to my buyer for OVER $430K!
1446 Arundel Ct in Lodi $415,000. Won the bid and then brought the price down $10K!

Just Closed:
450 Halsey Ave in San Jose $755,000. Won the bid but not the highest price!
835 Bing Dr #29 in Santa Clara $271,500. Sold UNDER asking!
7350 Crawford Dr in Gilroy $535,000. 1st offer I wrote for my clients!
*My Listing* 425 Costa Mesa Terrace #E in Sunnyvale $320,000 sold for $380,000. SOLD $60,000 Above!

MUST READ: Mortgage rates hit two-year high
The average weekly rate for a 30-year fixed-rate mortgage jumped to a two-year high, Freddie Mac said on Thursday. The rate is now 4.58%, up from… (To read this article please visit my Facebook Fan Page


  • Negotiated a discount of $10,000 on a sales price when an appraisal came in low.
  • Put a road map together for a seller who needed to understand all of her options.
  • Advised a seller on which improvements to make to maximize her return.

In case you didn’t see from my last email, finding a home might have just gotten easier. Use this
link to search for properties with keywords like “open floorplan” or “big backyard”.

Selling before buying can be really tricky in a market like this, but you do have options. Let me help by first
filling out this form so I can get started on pricing your current home, and then we can discuss options to prevent a double move, or worse, not being able to buy the replacement!

FORECAST: Use this market to get your home sold if you think it may have a negative like a less than ideal floorplan or a large amount of car/train traffic. I can help get a buyer into your home so you can move up to a better property.

Interest rates are taking their toll. The chart below shows that cities east of highway 880 are beginning to slow down ever so slightly. It could be seasonal, although it is too early to know for sure.

For Comparison: For the 6th month in a row new listings outpaced sales for properties located WEST of 880. We are finding that different neighborhoods are experiencing a slowdown while others are still in very high demand. CALL ME IF YOU NEED ANY SPECIFIC INFORMATION.


The table represents aggregated values based on MLS data for the specified date.

If the table above does not appear, you can click
here to view it over the web.

As always I welcome referrals from friends, co-workers or family members looking to buy a piece of property.  I am also happy to provide unbiased sound advice at any time. You can rely on my integrity and follow-through.

* Mortgage rates were collected from publicly available sources ( on the date stated. The accuracy of the information and the availability of these rates are not guaranteed by the publisher. Rates are provided for informational purposes only and are subject to change without notice. Actual market interest rates may vary.

Applying Cutting Edge Systems and Strategies to Find the RIGHT Buyer or Seller in ANY Market.

Warm regards,
Nathan Nahouraii
Direct: (408) 404-6444
Direct: (650) 352-5322
Direct: (415) 236-3826