Sacramento Mortgage Rate Update

By
Mortgage and Lending with Big Valley Mortgage

So what are mortgage rates doing?

That’s an interesting question.  The conforming 30 year fixed rate has actually been falling.  That is the bright star in a dark sky.  But, it helps pull FHA, VA, CalHFA and any agency 100% programs down with it. 

Freddie Mac last week reported the average 30 year fixed rates in the West at around 6.5% at half a point.  And although things are bouncing around a bit, conforming rates continue their gradual decline.  That makes it a great time for borrowers who can cobble together a down payment and document income.

Jumbo rates–and pretty much everything else–are a different story.  The customary 25 basis point spread between the conforming (under $417k) and jumbo rates has widened in recent weeks to at least 100 basis points, putting the best jumbo 30 yr rates in the low 7% range. 

A good alternative is...

read the rest 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Tags:
mortgage
rates
refinance

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the printer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the flag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
23,640

Marc Brinitzer

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the camera to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: