East Bay Listing Agent

Reimagined 4 Bed Rockridge Craftsman! OPEN Sat/Sun 2-4

5701 Keith Ave., Oakland CA 94618

4 Bed | 2.5 Bath | 1978 SF | Garage

Offered for $1,495,000

OPEN HOUSE

Sat 3/17 & Sun 3/18 | 2-4pm 

Welcome to 5701 Keith, A quintessential reimagined 2 Story Craftsman home, blending modern elegance and traditional detail in the heart of Rockridge. Beautiful home design with a "modicum of charm" and recent remodel. 

What we LOVE:

The spacious size of ALL of the rooms, 4 bedrooms on the upper level, great for a family. The larger than normal Craftsman footprint with beautiful and updated original architectural details. And...recent designer updates and revamped systems. The flat and fabulous yard perfect for entertaining, 2 car garage and long driveway for plenty of guest parking! 

For Gallery and Details > 

Next Level East Bay Real Estate Representation!

Listed by PATTY ROGERS | The Grubb Company | Broker Associate Lic #00669968


Just Listed! Oakland Historic Firehouse Conversion Condo

HISTORIC TOP FLOOR FIREHOUSE LOFT CONVERSION! A COMPLETE WOW!

1095 59th St # 4 Oakland 94608

1 Bed | 1 Ba | 2 Parking | 1460 SF

Offered for $865,000

OPEN HOUSE

Sat 3/3 & Sun 3/4 | 2-4PM

Showstopper top-floor historic brick loft conversion of an 1892 Oakland Firehouse. This condo is a complete WOW!

The main level features a grand, open space for living and dining. Soaring ceilings and full walls of oversized windows offer abundant natural light.

A high end, no-expense-spared renovation has been completed within the past year. The kitchen and Carrera marble bath could be featured in a design magazine.

Upper level large loft bedroom features a skylight, custom closet and extra small room for office/yoga/possible 2nd bath?

What we LOVE:

The original features and sense of history in the gracefully arching windows, high ceilings and warm brick walls. The light in the home is incredible at all hours with magnificent sunsets and Oakland City views through to Mt. Tamalpais!! and PARKING!!!

Gallery & Details>

Next Level East Bay Real Estate Representation!

Listed by PATTY ROGERS | The Grubb Co | Broker Associate Lic #00669968

 

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Fed hikes rates 1/4 point on June 14! What does it mean?

On June 14, 2017 the Federal Reserve implemented a 1/4 point rate hike with a benchmark target of between 1% to 1.25%.

This is the fifth hike since December 2015, when the Fed began to raise rates post our financial crisis after an eight-year hiatus.

Beginning in March 2017, the Federal Reserve governors voted to raise interest rates by .25% with a benchmark range of .75% to 1% due to the strengthening labor market and with inflation below 2%. The June hike was prompted by the unemployment rate at 4.3%, which may possibly fall to 3% by end 2017. 

The Federal Reserve sets the rate for the overnight exchange of money by banks: governors adjust the rate to help curb inflation or stimulate growth, depending on the assessment of what would be best for the economy.

How this affects mortgage interest rates on home loans is determined by the up or down movement of the Fed rate, which can put pressure on mortgage interest rates. Mortgage rates usually follow the 10 year Treasury note ("long bond").

National Association of Realtors (NAR) CEO Lawrence Yun states, "However the Federal Reserve should be mindful of the lower than expected rate of inflation and the consequent low interest rates on long-dated bonds, like 10-year Treasury and 30 year mortgage rates."

The direct impact on mortgages will be minimal for now. Rates had jumped 20 basis points right after the Presidential election during that wacky post-election bond market, raising the 30-year-fixed-rate mortgage (FRM) from 3.77% to 3.95%. According to some real estate agents, their clients reacted to increases with urgency by locking in rates and resuming negotiations and entering the market in earnest.

According to Freddie Mac, the 30-year-fixed-mortgage (FRM) rate is at an historic low, averaging 3.89% and the 15-year FRM is at 3.16%. A year ago the 30-year FRM was 3.6% and the 15-year FRM was at 2.87%.

MORE HIKES TO COME?

The Fed will assess economic conditions relative to it's 2% unemployment and inflation objectives. Included in the assessment will be labor market conditions, inflation pressures and expectations, plus financial and international developments.

The overall expectation is that rates will remain stable after the recent hikes and may even fall. Low mortgage rates mean more buyers in the market, with an already brisk home shopping season.

Excerpts for this post credited to Article by Caroline Feeney, Staff Writer for Inman News.

Brought to you By:

Next Level East Bay Real Estate

Patty Rogers, Broker Associate

Insight | Intelligent Counsel | Expertise

"Selling Homes with a Modicum of Charm"

510-910-7229 

PATTY@ABIOPROPERTIES.COM