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The Associated Press WASH I NGTON » Avera ge U.S. rates on fixed mort- gages fell after three weeks of increases, edging closer to historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan declined to 4.28 percent from 4.37 percent last week. The average for the 15-year mortgage fell to 3.32 percent from 3.39 percent. A report released Tues - day by real estate data pro- vider CoreLogic showed that U.S. home prices rose 0.9 percent in January after three months of declines, as a tight supply of properties likely supported prices de - spite slower sales. Economists say such out- size price gains might not continue much longer, how- ever. The harsh winter weather of recent weeks appears to have kept the economy in check. Sales of existing homes plunged in January to the slowest pace in 18 months, hit by the weather, higher interest rates and ris - ing home prices. Signed con- tracts to buy existing homes have stayed flat for Febru- ary and January, a sign that the weak sales could persist through March and April. Mortgage rates tend to follow the yield on the 10- year Treasur y note. The 10-year note traded at 2.71 p ercent Wed ne s d ay, up from 2.67 percent a week earlier. Mortgage rates have risen about a full percentage point since hitting record lows ro ug hl y a ye ar a go . Th e in - crease was driven by spec- ulation that the Federal Re- serve would reduce its $85 billion-a-month bond pur- chases, which have helped keep long-term interest rates low. Deeming the econ- omy to be gaining strength, the Fed announced in De- cember and January that it was reducing its monthly bond purchases. To ca lcu late avera ge mortgage rates, Freddie Mac surveys lenders across the country between Mon - day and Wednesday each week. The average doesn't include extra fees, known as points, which most bor - rowers must pay to get the lowest rates. One point equals 1 percent of the loan amount. The average fee for a 30-year mortgage was un - changed at 0.7 point. The fee for a 15-year loan declined to 0.6 point from 0.7 point last week. The average rate on a one- year adjustable-rate mort - gage was unchanged at 2.52 percent. The average fee slipped to 0.3 point from 0.4 point. The average rate on a five- year adjustable mortgage fell to 3.03 percent from 3.05 percent. The fee declined to 0.4 point from 0.5 point. ReAl eSTATe Average mortgage rate slips 30-year fixed rate now at 3.28 percent By Candice Choi The Associated Press Safeway has agreed to be acquired by an investment group led by Cerberus Capi- tal Management, the owner of several supermarket chains. The acquisition is worth about $7.64 billion in cash, and pending other transac - tions could top more than $9 billion. The deal, announced late Thursday, will bring to - gether Safeway and Albert- sons, one of the five chains that Cerberus bought from Supervalu Inc. last year. It comes amid ongoing consolidation in the super - market industry, which is facing growing competition from big-box retailers, spe - cialty chains, drug stores and even dollar stores. Kroger Co., a key competi- tor, recently snapped up re- gional chain Harris Teeter. Safeway said in Febru- ary that it was looking into putting itself up for sale. T he Plea s a nt on- ba s e d company has been try - ing to adapt for some time to increased competition and recently shed some of its smaller, less profitable units, such as its Canadian operations and Dominick's stores in Chicago. The company has more than 1,300 U.S. locations un - der banners including Safe- way, Vons, Pavilion's, Ran- dall's, Tom Thumb and Carrs. GROCeRy ACquISITION Safeway sold to Albertsons parent Get Results! Put your ad in Tehama Country Real Estate THIS WEEK www.redbluffdailynews.com Call (530) 527-2151 ext. 103 This Week Tehama Country Real Estate http://redbluff.stromerrealty.com ~ Specializing in residential to ranches ~ 590 Antelope Blvd. Bldg. A, Suites 10 & 20, Red Bluff (530) 527-3100 Stromer Realty 22740 Juanita Court 1,866 sq. ft. $249,000 Dream home, 3 Bd / 2.5 Ba in great Antelope area neighborhood. Well maintained yard with walnut trees, small orchard, solar heated in ground pool and spa. RV parking, garden area, large fenced yard, .73 acres. 8416 Sherwood Blvd., Los Molinos 2.47 Acres $350,000 3 Bd, 2 Ba 2306 sq. ft. spacious home. Barn, corral, outbuildings, shop, Los Molinos Water District. Perfect animal set-up! Lot 4 Parey Ave, Dairyville 1.0 Acres $149,000 Fish out your back yard! Beautiful river frontage with fabulous soil. Plenty of room to build your dream home in a peaceful setting! 530-529-2700 • 314 Washington St, Red Bluff, CA 96080 www.TehamaCountyRealEstate.com BEAUTIFUL HOME ON 3.18 AC. New Gunite pool and landscaping. Home sits off the road and features a circle drive. Plenty of room to add a shop behind the house. $374K 4/2 WITHIN WALKING DISTANCE OF SCHOOLS. Fenced yard and 2 car garage. $169K 3/2 ON OVER 1/2 ACRE IN TOWN. Great starter, lots of upgrades, nice patio, fenced backyard. $129K 39+ ACRES, FENCED, POND. Just minutes to town and I-5, several beautiful building sites, plenty of trees, nice views, large pond. Owner financing available. $150K RIVERFRONT HOME IN CUL-DE-SAC. Spacious and open home with great views of the river. Oversized 3 car garage with storage room. Doc on the water's edge. $295K Lic# 01042134 REDUCED RE/MAX American Dream Robert Thayer, Owner / Realtor 1704 Solano St, Corning CA, 96021 Call me at (530) 515-3367 for any information on any listing, or listing your own home/business/property. Email rthayer@remax.net License # 01486553 Serving all of Tehama County, Northern Glenn County & Southern Shasta R1-2 city lot with water and sewer connections $21,900 1.97 acres 2 bed, 1 bath with shop and single wide mobile and barn ..............$167,900 1510 sq. ft.� 2 bed, 1 bath home with detached garage.................................... Pending 900 sq. ft. 2 bed, 1 bath on a corner lot............................................................$105,000 1560 sq.ft. 2 bed, 2 bath with bonus room on 10 acres detached garage, corner lot............................................................................... Pending 3400 sq. ft. 4 bed 3 bath on 38.5 acres with 32 acres +- irrigated. Large hay barn and several Large free standing building. Owners may carry ...................$999,000 3/2 1698 sq. ft. home on 2 acres, with large shop............................................$175,000 3/2 2317 sq. ft. on a corner lot..........................................................................$185,000 2 acres with power along the road.................................................................... SOLD! 20 acres with well and septic, and power along road .......................................$100,000 10.75 acres with a shop, power, well and septic...............................................$129,900 Two river front lots zoned multi family ............................................................ $65,000 ea 15.31 acres with power and community water, several out buildings and year round creek......................................................................................... Pending 5.9 acres with power along the road................................................................. SOLD! 5500 sq. ft. Commercial Building That has two suite offices, apartment and warehouse................................................................................. $190,000 60 acres 45 + - plant-able acres, two 5 H.P AG wells and one domestic, 2500 sq. ft. 3/2 with in ground pool, 8 horse stall barn with tack room, several other large outbuildings, fenced and crossed fenced .......................................................... $675,000 1958 sq. ft. 4 bed 2 bath with attached garage and detached work shop. .......$235,000 1510 sq. ft. 3 bed 2 bath one 1 acre in Adobe area.......................................... SOLD! 1770 sq. ft. 3/2 on 2.37 acres. $260,000 RE/MAX American Dream 1704 Solano St. Corning, CA. 96021 (530) 824-8100 Serving all of Tehama County, Serving all of Tehama County, Northern Glenn County & Southern Shasta Northern Glenn County & Southern Shasta 1 acre lot, Rancho Tehama Rd. $15,000 20.13 acres, Ashton $74,900 17.87 acres, Ranchette $74,000 3 bedroom, 1 bath, Corning-Colusa $179,500 3 bedroom, 2 bath remodeled, Corning, 4th St. $149,500 3 bedroom, 2 bath in Red Bluff, Jennifer Lynn $349,000 WESTERN REAL ESTATE MINCH PROPERTY MANAGEMENT 760 Main St. • 530-527-5514 Commercial Properties For Sale: • 1870 Montgomery (Industrial) ...................................................................... 2 Acres • 13545 Saint Marys Ave. (Or lease).................................................. 40,000 sq/ft • 728 Rio St. 1/4 Acre Parcel (Rare downtown river front lot)........ $98,000 • 330 Walnut Street .................................................................................... 15,000 sq/ft Commercial Properties For Lease: • 750 Main Street (Retail/Professional) ............................................. 1,825 sq/ft • 124 S. Jackson (Fenced Shop, Storage) ............................................... 700 sq/ft • 731-741 Main St. (Upstairs).................................................... various size suites • 955 Main St. (Suite inside Bank of America building)........................ 2,995 sq/ft • 560 Diamond Avenue (Vacant Pad)..................................................... 8,000 sq/ft • 1040 Monroe Street (Commercial/Industrial)............................... 1,000 sq/ft • 717 Pine Street (Office Space)........................................................ 1,700 sq/ft • 330 Walnut Street .................................................................................... 15,000 sq/ft • 22686 Antelope Blvd. ........................................................................... 13,760 sq/ft Corning Adult & Family Park 2 Bedroom, 1 Bath From $14,900 OWC Space Rent $340-$350 a month (530) 824-1500 OPEN HOUSE ALL WEEK Monday thru Sunday 9am to 5pm 2 bd, 1 ba #124 $28,900 528-2371 Owner Will Carry Rio Vista Estates Adult park on the river 2 bd, 2 ba #92 $28,900 Friday, March 7, 2014 rEdBLUFFdaiLyNEWS.cOM | NEWS | 7 A