Calif. median home price – January 07: $559,640 (Source: C.A.R.)(note: compared to $567,690 last month)

Calif. highest median home price by C.A.R. region January 07:Santa Barbara So. Coast $1,150,000 (Source: C.A.R.)(note: compared to $1,250,000 last month)

Calif. lowest median home price by C.A.R. region January 07:High Desert $317,380 (Source: C.A.R.)(note: compared to $324,560 last month)

Calif. First-time Buyer Affordability Index – Third Quarter 06:24 percent (Source: C.A.R.)

Mortgage rates – week ending 2/22:

• 30-yr. fixed: 6.22%; Fees/points: 0.5%(note: compared to 6.25% and 0.4% points last report )
• 15-yr. fixed: 5.97%; Fees/points: 0.5%(note: compared to 5.98% and 0.4% points last report )
• 1-yr. adjustable: 5.49%; Fees/points: 0.7%(note: compared to 5.49% and 0.5% points last report )

- California Association of Realtors & Freddie Mac*Note: Surprisingly, interest rates have not changed all that much. Be sure and take the time to review tomorrow’s February San Francisco numbers which will be posted in our blog and compare them to these numbers for all of California!