Fast Facts for the week...

Calif. median home price - April 07: $597,640 (Source: C.A.R.)

Calif. highest median home price by C.A.R. region April 07:Santa Barbara So. Coast $1,475,000 (Source: C.A.R.)

Calif. lowest median home price by C.A.R. region April 07:High Desert $317,420 (Source: C.A.R.)

Calif. First-time Buyer Affordability Index - First Quarter 07:25 percent (Source: C.A.R.)

Mortgage rates - week ending 5/31:
30-yr. fixed: 6.42%; Fees/points: 0.4%
15-yr. fixed: 6.12%; Fees/points: 0.4%
1-yr. adjustable: 5.57%; Fees/points: 0.6%
(Source: Freddie Mac)

**Taken from the California Association of Realtors Bulletin, dated June 6th, 2007.