California Association of Realtors just released its report for September real estate activity.

Calif. median home price - September 08: $316,480 (Source: C.A.R.) (note: compared to $350,140 last month)

Calif. highest median home price by C.A.R. region September 08: Santa Barbara So. Coast $935,000 (Source: C.A.R.) (note: compared to $930,000 last month)

Calif. lowest median home price by C.A.R. region September 08: High Desert $159,720 (Source: C.A.R.) (note: compared to $169,200 last month)

Calif. First-time Buyer Affordability Index - Second Quarter 2008: 48 percent (Source: C.A.R.) (note: compared to 44 percent First Quarter 2008)

Mortgage rates – week ending 10/23:

• 30-yr. fixed: 6.04%; Fees/points: 0.6% (note: compared to 6.09% and 0.7% points last report)
• 15-yr. fixed: 5.72%; Fees/points: 0.6% (note: compared to 5.77% and 0.6% points last report)
• 1-yr. adjustable: 5.23%; Fees/points: 0.5% (note: compared to 5.16% and 0.5% points last report)

- California Association of Realtors & Freddie Mac