From the WSJ Real Estate Archives

Luxury-Home Index - September 13, 2004


From The Wall Street Journal Online

Here's the price change in percentage terms for repeat sales of an area's most expensive residences. The figures are in relation to prices in 2000. For example, a Las Vegas home that cost $1.35 million in 2003 is now, on average, valued at $1.53 million.

Town Sept. 2004 Sept. 2003 Change
Washington 171.7 162.7 5.5%
Nashville 113.2 110.7 2.3
Portland, Ore. 128.6 121.9 5.5
Denver 125.0 122.6 2.0
Cleveland 116.3 115.6 0.6
Las Vegas 153.4 134.6 14.0
Atlanta 107.7 107.5 0.2
Miami 155.9 146.1 6.7
Minneapolis 155.7 149.7 4.0
Raleigh, N.C. 108.8 108.1 0.6

Source: First American RES; JAN 2000=100

Conforming Mortgage Rates

Average daily rate for a $165,000 mortgage loan.*

  30-Year Fixed 15-Year Fixed 1-Year ARM
This Week 5.43% 4.83% 3.24%
Last Week 5.37 4.78 3.19
Last Month 5.51 4.94 3.26
Last Year 5.77 5.11 3.73

Jumbo Mortgage Rates

Average daily rate for a $335,000 mortgage loan.*

  30-Year Jumbo 5/1-Year ARM
This Week 5.72% 4.60%
Last Week 5.68 4.53
Last Month 5.81 4.70
Last Year 6.09 4.74

*With 20% down payment.

Source: bankrate.com, as of Sept. 8

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