Marin Real Estate Pulse

Mortgage rates dropped again during the week ended August 3 and August 4, and with the announcement on August 8 that the Federal Reserve has, for the moment at least, stopped its regular lock step quarter-point increases in the federal funds rate, there is reason to hope that home mortgage rates will continue to ease.

In a press release on Tuesday, the Federal Reserved stated that "Economic growth has moderated from its quite strong pace earlier this year, partly reflecting a gradual cooling of the housing market and...