Mortgage Rates Hover Near All-Time Lows

The 30-year fixed-rate mortgage inched up slightly this week to average 3.26%, but remains near its record low.

“Mortgage rates stayed at or near record lows for the fifth straight week and homeowners are taking advantage with refinance activity remaining high,” says Sam Khater, Freddie Mac’s chief economist.

Freddie Mac reports the following national averages with mortgage rates for the week ending May 7


Ralene Nelson, REALTOR®

JUST SOLD – 16073 Totem Drive Rio Vista

Live in a resort, Vieira’s, one of the prime locations on the Delta, located on the Sacramento River. This clean 2 bedroom, 2 bath has new laminate flooring & paint, new gas stove, dishwasher and garbage disposal and new light fixtures. Don’t miss this great opportunity to live in a resort setting. Washer/Dryer hookups. Roof is 5 yrs new. Room for a smaller boat & car parking, and has shed for your fishing gear. Walk to the river & resort has boat launch. Just bring your furniture. READ MORE

FOR SALE – 14310 State Hwy 160 Road Ryde, CA 4bd/2.5bth 3,494sf, 6.2ac

Located on the Sacramento River, this premier Equestrian retreat has it all, updated Victorian 3 story home built in 1900. Private boat dock, 2 swimming pools, spa, equestrian riding arena with barn, 4 stalls, grazing area, & fruit trees (pears, walnut, plums & apple) Top floor has 3 bedrooms and bath, 2nd floor is living room, dining room, den, kitchen & nook. Lower floor has entertainment area, bedroom & laundry. Dual controlled HVAC. Crown molding, Douglas Fir hardwood on 2nd floor & footed tub. Kitchen has oak cabinets, granite counters, gas stove top. Some new dual pane windows. Home is landscaped & completely fenced with paved driveway. READ MORE

Things to do from home this week!

Take a virtual trip at home

With travel basically at a standstill, it’s time to embrace a new way to see the world — virtual travel and virtual tours. Thanks to the World Wide Web we can go pretty much as far as desired — all without a passport. Below we’ve rounded up the very best ways to experience the world outside our homes from the comfort of our couches, all broken down by different activity types to make it easier to get going.
Galleria degli Uffizi in Florence, Italy

Go sightseeing around the world with these virtual destinations


Explore museums, art, theater, and culture at home


Get “outside” while stuck at home


Things to do at home with kids


A Light at the End of the Tunnel

More Than a Quarter of Properties Are Equity-Rich

Many homeowners have a lot of money in their homes. During the first quarter of this year, 26.5% of residential properties or 14.5 million were considered equity rich, meaning the owner had at least 50% equity in their home, ATTOM Data Solutions reports Thursday.

“Homeowners’ balance sheets generally remained strong in the first quarter of 2020 across the U.S.,” says Todd Teta, chief product officer with ATTOM Data Solutions. “In the latest marker of the ongoing housing market boom, mortgage payers were four times as likely to have homes worth considerably more than what they owed on their loans than considerably less.


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