South Livermore Neighborhoods and Pleasanton Luxury Demand

• Mortgage rates saw a dip from 3.06% to 3.03% for a 30-year fit mortgage

• Applications for a loan to purchase a home increased 3%, however they were 16% lower than one year ago this week.
• Refinance applications were 1% higher for the week and were 3% higher than one year ago this week.

After a few weeks of rates increasing we saw a little breather last week as rates back down. Applications for loans increased 1.5% last week compared to the previous week.

“Treasury yields fell last week, as investors continue to anxiously monitor if the rise in COVID-19 cases in several states starts to dampen economic activity. Mortgage rates slightly declined as a result,” said Joel Kan, an MBA economist.

In areas like South Livermore Neighborhoods and highly sought after communities in Pleasanton, CA the demand is strong and inventory still very low. Demand for quality homes in the South Pleasanton Luxury market is high, Ruby Hill or Kottinger Ranch for example have next to no inventory.

South Livermore homes are also seeing a high demand and homes receive multiple offers, sell off market and are drawing a lot of attention from buyers.