Bay Area Home Prices May Level Off - 2005-03-28
Real estate experts say Bay Area home prices could soon be cooling off. Higher mortgage rates are the culprit.
The average rate on a 30-year mortgage rose above six percent last week for the first time since last summer. Will it affect us locally?
Home prices in Menlo Park are up 60-percent from a year ago. And while rising mortgage rates usually translate to lower prices, that's not necessarily the case in the Bay Area.
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