Quick Facts, Long Beach

California median home price as of June 06 is $575,800 according to C.A.R.
California highest median home price by C.A.R. region as of June 06 is still Santa Barbara with $1,300,000 according to C.A.R.
California lowest median home price by C.A.R. region as od June 06 is still High Desert $334,790 according to C.A.R. (Nice price!)

Mortgage rates – week ending 7/27:

30-yr. fixed: 6.72%; Fees/points: 0.3%
15-yr. fixed: 6.34%; Fees/points: 0.4%
1-yr. adjustable: 5.78%; Fees/points: 0.7% (Source: Freddie Mac)