Mortgage Rates Up; What’s Ahead For Mortgage Rates This Week – May 13, 2013

Mortgage rates rose last week in the Bay Area with average rates a 30-year fixed rate mortgage rising from last week's 3.35 percent to 3.42 percent with buyers paying all closing costs and 0.7 percent in discount points. Average rates for a 15-year fixed rate mortgage rose from 2.56 percent to … [Read more...]

What’s Ahead For Bay Area Mortgage Rates This Week – May 6, 2013

What’s Ahead For Bay Area Mortgage Rates This Week – May 6, 2013

Bay Area mortgage rates fell last week and approached or reached record low levels. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage (FRM) fell from 3.40 percent to 3.35 percent. Average rates for a 15-year FRM moved from 2.61percent to 2.56 percent. Average rates … [Read more...]

What’s Ahead For Pleasanton Mortgage Rates This Week – April 29, 2013

What’s Ahead For Pleasanton Mortgage Rates This Week – April 29, 2013

Pleasanton's mortgage rates fell again last week and are again near record lows for your purchase or refinance. According to Freddie Mac, the average rate for a 15-year fixed rate mortgage did achieve a record low of 2.61 percent as compared to 3.1 percent one year ago. The average rate for a … [Read more...]

What’s Ahead For Pleasanton Mortgage Rates This Week – April 22, 2013

What’s Ahead For Pleasanton Mortgage Rates This Week – April 22, 2013

 Pleasanton Mortgage rates fell for the third consecutive week. According to Freddie Mac, the average conforming rate for a 30-year fixed rate mortgage fell by two basis points to 3.41 percent as compared to last week's 3.43 percent and 3.90 percent year-over-year. The average rate for a … [Read more...]

Federal Jobs Report Shows Largest Increase Since 2008- Mortgage Rates Remain Steady

Federal Jobs Report Shows Largest Increase Since 2008- Mortgage Rates Remain Steady

The Bureau of Labor Statistics (BLS) issued its Job Openings and Labor Turnover report for February on Tuesday, June 9th, 2013. The data was mixed with preliminary figures for all non-farm jobs increasing from 3.62 million jobs in January to 3.93 million jobs in February. This was the highest … [Read more...]

Fed Meeting Statement Reveals Good News For Bay Area Real Estate

Fed Meeting Statement Reveals Good News For Bay Area Real Estate

The Federal Reserve's statement after yesterday's Federal Open Market Committee (FOMC) meeting left no doubt as to the Fed's dual commitment to keeping long term interest rates down and encouraging economic growth. No changes to the Fed's current bond-buying program were made during today's FOMC … [Read more...]

Surprisingly Strong Jobs Report May Affect Bay Area Mortgage Rates

Last week's jobs report -- a combination of the Department of Labor's Non-farm Payrolls Report and Unemployment Rate -- provided investors and job seekers with unexpected good news. Job growth for February handily exceeded most economists expectations of 160,000 by adding 236,000 new … [Read more...]