Silicon Valley Real Estate and Community News

Dec. 5, 2021

Sell Your Home For Top Dollar With Compass Concierge

Posted in Selling Your Home
Dec. 5, 2021

Current Market Rates

The average 30-year fixed rate mortgage (FRM) rate remained level at 3.11% in the week ending December 3 , 2021. The average 15-year FRM rate decreased to 2.39%.

In 2021, FRM rates have slowly risen from historic lows reached during the 2020 recession/pandemic and will continue to move upward heading into 2022 as the Federal Reserve (the Fed) cuts back its purchase of mortgage backed bonds (MBBs), a policy which set rates to encourage a significant increase in mortgage borrowing.

In contrast to the Fed policy, non-government investors in the MBB market demand higher yields than the Fed maintained purchasing MBBs during the pandemic. For a seamless transition of mortgage rates up to levels the bond market will support by purchasing MBBs in the future, the Fed’s actions in 2022 will gradually adjust rates as they taper their purchases of what are essentially home mortgages.

Fundamentally, the setting of FRM rates is tied to the bond market, moving in tandem with the 10-year Treasury Note (T-Note) rate. Historically, the spread between the 10-yr T-Note rate for setting the FRM rate is a premium of 1.5%.

The 10-yr T-Note rate is 1.36% as of December 3, 2021. However, the spread between the 10-year T-Note and 30-year FRM rate is 1.75%, a greater premium than the historical rate spread of 1.5% the Fed maintained during the recession. Combined, current mortgage rate pressures reduce the amount of money a homebuyer can borrow without huge pay raises.

The average monthly rate on ARMs has recently increased, averaging 2.5% in November 2021. In a crossover, the 30-year FRM rate rose above the average ARM rate in February 2021, making these riskier mortgage products more appealing to homebuyers seeking to increase their borrowing capacity. This inversion will inch ARM use higher. 

To further disrupt the now-ending pandemic home sales market, the government in September 2021 ended their injection of cash which stimulated consumer spending by stabilizing personal income in the face of 2020’s historic job losses. At the same time, foreclosure and eviction moratoriums which maintained the status quo in home occupancies came to an end.

Finally, California is still just over one million jobs below the pre-recession peak as of September 2021. While lost income from lost jobs normally results in reduced sales volume and prices as in a recession, reduced sales value and pricing did not happen during the pandemic. What prevented recession conditions from enduring in the housing market were the concurrence of historically low home inventory for sale, an unparalleled mortgage interest rate reduction, massive cash disbursements to consumers, and foreclosure and eviction moratoriums. As these events collectively reverse course in 2022, expect to see downward pressure on home sales — and eventually prices — through 2023-2024.


Posted in Mortgage Rates
Nov. 7, 2021

2021 November San Mateo County Market Report


Posted in Market Report
Oct. 25, 2021

Another Happy Seller!


From a very happy client !!! I'm glad I chose Maya to represent me with selling my home in the South Bay Area. It's been 20 years since I sold a home. My DD paid off, I read multiple outstanding reviews from many sources, however what stood out was when we met, Maya was prepared with her strategies on how she was going to best show my home and eventually seal the deal which she did!!! 

Maya has old school real estate savvy and knowledgeable with the new internet way of selling homes, which comes in handy during the Pandemic ! The final price my home sold for was way above my expectations! We received 9 offers !!! 

Maya is very energetic and a honest person. Hope to have Maya represent me on my next home purchase. I Highly recommend Maya !!! Thanks Maya!


 ~ Jose G. / Seller of 489 Singley Dr. 

June 20, 2021


June 19, 2021

My New Listing: Stunning North-East Facing Townhome in Milpitas

Stunning luxurious North-East facing townhome located in the sought after Terra Serena community. This tastefully upgraded home features a 3 BD, 2.5 BA, 1,810 SqFt, high ceilings, open & spacious floor plan. Largest townhome model in complex. Bright & airy with views of mountains. Overlooking John McDermott Park. Spacious living room with custom cabinets & hardwood floors. Recessed lighting throughout. Newly painted interior. Granite kitchen countertops & SS appliances. Master suite w/walk-in closet & dual sink vanities. Dual-pane windows. Central A/C & heating. Large indoor laundry room can be used as an exercise room or office. 2 car side-by-side garage. Community pool, SPA , clubhouse, playground. Low HOA & optional high speed Gigabit internet service. Top rated schools. Adjacent to 6 acres of park w/ BBQ area, tennis & basketball courts. Minutes away from Great Mall shopping, dining, light rail, BART station.

For 2D & 3D Tour, visit

Open House: 6/19 Sat. & 6/20 Sun. 1:30-4:30 PM


Posted in Selling Your Home
July 31, 2017

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