After quite a few ticks upward in the last few weeks It looks like mortgage rates have pushed back down to their historic lows in the Contra Costa East Bay Area.
If you are in the middle of processing a loan or you are refinancing a HARP loan now may be a great time to lock in your pricing. You can send us and email with your situation and we could compare our pricing to theirs anytime you want.
Mortgages Rates improved again today, though some lenders’ rates were little changed. This marks the second day of moderate improvement and consolidation after a strong move lower by most lenders on Friday. There’s a greater-than-normal variability between lender offerings, but in general, mortgage rates are near their best levels of the month.
The Best-Execution Conventional 30yr Fixed Rate is probably best viewed as 3.875% now for flawless scenarios, and 4.0% for many others. Financially, in terms of “bang for the buck,” 4.0% is still the best deal, but many lenders can offer 3.875% with the same closing costs for pristine borrower scenarios.
As always, keep in mind that we track best-execution rates based on an ideal scenario in order to have a static frame of reference to capture the day to day MOVEMENT of interest rates.
As you can see we get Jumbo Loans DONE when other lenders can’t do it. We mainly do this in cities across the California SF Bay Area like, Orinda, Lafayette, Pleasant Hill, Alamo, Blackhawk, San Ramon, Walnut Creek, San Francisco and Oakland CA.