For those who follow the affordability levels here in California will notice that house affordability is DOWN 2%…

FAST FACTS

1. median home price: June 2014:
2. Pending Home Sales Index: 
   June 2014: Decreased 2.8 percent from 110.1 in May to 107 in June.
     
   Calif. Traditional Housing Affordability Index: Second Quarter 2014: 30 percent (Source: C.A.R.)

• California: $451,160
• Calif. highest median home price by region/county June 2014: San Mateo, $1.12 million
• Calif. lowest median home price by region/county June 2014: 
  Merced, $158,820

Mortgage rates: Week ending 8/7/2014 (Source: Freddie Mac)

• 30-yr. fixed: 4.14% fees/points: 0.7%
• 15-yr. fixed: 3.27% fees/points: 0.6%
• 1-yr. adjustable: 2.35% Fees/points: 0.5%