Bank: Housing slowdown won't seriously impact California - 2006-01-06
The California economy is expected to continue growing at a healthy pace in 2006, despite a probable slowdown in the housing market. The state is forecasted to follow the national growth rate of approximately 3 1/4 percent.
The Californian economy generates over 13 percent of the national output.
Read the full story at Central Valley Business Times

Refinance mortgage and mortgage rates flat - 2006-01-06
Freddie Mac released its weekly nationwide survey that rates on 30-year, fixed-rate mortgages and refinance mortgage loans decreased to 6.21 percent this week from last week's of 6.22 percent. Borrowing rates on 15-year, fixed-rate mortgages were the same at 5.76 percent. One-year adjustable rate mortgages nudged up to 5.16 percent from 5.15 percent.
Read the full story at San Diego Union Tribune