What’s Ahead For Dublin, CA Mortgage Rates This Week – July 8, 2013

Last week Dublin saw a relatively quiet week due to the 4th of July holiday, but there were some housing-related developments: Monday: The Department of Commerce reported that overall construction spending increased by 0.50 percent in May to a seasonally adjusted annual rate of $874.9 billion. … [Read more...]

What’s Ahead For Pleasanton Mortgage Rates This Week – July 1, 2013

The past week was active for economic news and Bay Area mortgage rates. The aftermath of the Fed's indication that it may start dialing back its multi-billion dollar monthly purchases of Treasury and mortgage backed securities has sent mortgage rates to record highs. If you're thinking of buying … [Read more...]

Caution Ahead- Bay Area Mortgage Rates This Week – June 24, 2013

Caution Ahead- Bay Area Mortgage Rates This Week – June 24, 2013

Comments by Fed chairman Ben Bernanke after Wednesday's FOMC meeting caused havoc and interest rates to spike in financial markets as investors anticipated the potential effects of any rollback of the Fed's policy of quantitative easing (QE). Chairman Bernanke said that the Fed may begin reducing … [Read more...]

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...]

Why Bay Area Interest Rate are NOT lower?

If you've been following the financial news, you've probably heard that the Fed's been buying Mortgage Backed Securities and will continue to do so as needed. Unfortunately, some media outlets have picked up on the news and mistakenly reported that these purchases will continue to cause rates to … [Read more...]