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2017-10-27 12:16:54
San Diego Weekend Rates!

The average fixed rate 30-year mortgage, the most popular mortgage product, held steady this week at 4.09% and the 15-year rate also held steady at 3.36%.

30 Year FRM      Today 4.09%
15 Year FRM         Today 3.36%
FHA 30 Year Fixed     Today 3.75%
Jumbo 30 Year Fixed     Today 4.26%


With mortgage rates below 5.00% and Fannie Mae and Freddie Mac to allow some first-time homeowners to obtain a mortgage while putting down just 3% of the price of the home.  This could be the time to talk to a lender, Click here to view a few of San Diego's best mortgage lenders.

The Last 30 Years of Interest Rates

Interest Rate lows are at historic levels. Since the early 80's the average rate on a home loan was 8.75%. If you were to obtain a loan from Freddie Mac for $500,000 today, you could get an interest rate around the mid to high 3's. That is less than half of the average rate for the last three decades!

Most experts agree that interest rates cannot much further and recommend people who are thinking about buying a home or refinancing a loan do so before they inevitable rise.

Rates are brought to you from Mortgage Rates Daily.

 

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Robert K. Whalen
Berkshire Hathaway HomeServices California Properties  
516 5th Avenue
San Diego, CA 92101
Cell 619.985.2225
Cal BRE #01435859
 
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2017-10-27 12:16:54
San Diego Weekend Rates!

Click here to see ALL articles.


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