Fast Facts for Feb 2

Fast Facts
Calif. median home price: December 2010: $301,850 (Source: C.A.R.)

Calif. highest median home price by C.A.R. region December 2010: Santa Barbara So. Coast $778,500 (Source: C.A.R.)

Calif. lowest median home price by C.A.R. region November 2010: High Desert $125,480 (Source: C.A.R.)

Calif. First-time Buyer Affordability Index - Third quarter 2010: 64 percent (Source: C.A.R.)

Mortgage rates: Week ending 1/27/2011 30-yr. fixed: 4.80 Fees/points: 0.7% 15-yr. fixed: 4.09% Fees/points: 0.7% 1-yr. adjustable: 3.26% Fees/points: 0.6% (Source: Freddie Mac)

In addition to the Affordability Index showing in at 64%, Trulia put together a Rent vs. Buy Index and showed that it's more affordable to buy a home in 72% of the 50 largest US cities.