From the WSJ Real Estate Archives

Starter-Home Index - October 18, 2004


From The Wall Street Journal Online

Here's the average sale price to date in neighborhoods, listed east to west, with high concentrations of young upwardly mobile professionals and executives. The figures are based on average sales of homes in selected ZIP Codes with a median income of $40,000.

Town/Zip Code Jan.-Oct. 2004 Jan.-Oct. 2003 Change
Danvers, Mass. (01923) $358,974 $340,957 4.7%
New York (10128) 807,105 491,249 64.3
Philadelphia (19106) 391,317 334,229 17.1
Alexandria, Va. (22301) 489,424 376,334 30.1
Raleigh, N.C. (27613) 235,463 224,914 4.7
Decatur, Ga. (30033) 245,043 245,812 -0.3
Tampa, Fla. (33647) 230,221 231,592 -0.6
Phoenix (85044) 223,787 206,591 8.3
San Bruno, Calif. (94066) 471,622 450,241 4.7
Kirkland, Wash. (98033) 471,707 398,158 18.5

Source: First American RES

Conforming Mortgage Rates

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

  30-Year Fixed 15-Year Fixed 1-Year ARM
THIS WEEK 5.34% 4.74% 3.23%
LAST WEEK 5.43 4.83 3.27
LAST MONTH 5.36 4.78 3.21
LAST YEAR 5.65 4.95 3.55

Jumbo Mortgage Rates

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

  30-Year Jumbo 5/1-Year ARM
THIS WEEK 5.61% 4.44%
LAST WEEK 5.70 4.53
LAST MONTH 5.66 4.52
LAST YEAR 5.97 4.53

*With 20% down payment.

Source: bankrate.com, as of Oct. 13, 2004

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