Bay Area Weekly Interest Rate Update- Pricing Up, trend to lock
June 5, 2009 | Brian Lebars | Comments: (0)
According to Freddie Mac, the 30-year fixed mortgage rate jumped to an average 5.32% this week, from 4.91% last week. While refinancing activity has been hit by the rising rate, home purchases continue to rise. It looks as though home buyers are jumping in now, in case the rates rise further. Diane Saatchi, senior vice [...]
Bay Area awaits lower purchase and refinance interest rates.
February 2, 2009 | Brian Lebars | Comments: (1)
President Barack Obama signaled in his Saturday radio address that lower mortgage rates should be coming. The new President said that his administration would be “reviving our financial system that gets credit flowing to businesses and families.
We’ll help lower mortgage costs and extend loans to small businesses so they can create jobs. We’ll ensure that [...]
New 4.5% mortgage plan won’t apply to refi’s
December 16, 2008 | Brian Lebars | Comments: (2)
This is a great article by Bloomberg news. I get calls on a regular basis regarding the news on a 4.5% consumer mortgage rate. Its my opinion that interest rates are the best I have seen in years. When the rates drop the window will be short…and we are close. Typically they touch down [...]
