August 22, 2017

Bay Area Mortgage Rates a bit Higher Than Yesterday But Still in Great Shape

Posted by Jason Wheeler | Fully Follow Me | Subscribe

Mortgages Rates for CA Bay Area loans rose slightly today after hitting their lowest levels since late February yesterday. While that leaves yesterday and 4/10 as two best days for mortgage rates over the past month and a half, today’s offerings are still better than those from the week ending 4/6.

The net effect leaves the Best-Execution Rate for 30yr Fixed Conventional Loans between 4.0% and 3.875% depending on the scenario. This has been the case for almost two weeks now.

As the current week progresses, we continue seeing reinforcement of last week’s analysis noting a relatively indecisive attitude in bond markets including the MBS (Mortgage-Backed-Securities) that most directly influence rates. Both MBS and Treasuries have recently carved out fairly narrow ranges and in fairly short order following the disappointing Jobs figures on 4/6.

About Jason Wheeler - Real Estate & Lending

Jason Wheeler got started with in the Real Estate & Mortgage Lending business in 2003. Since then Jason has become a top producer for one of the largest, most well respected Real Estate and Mortgage Brokers in the industry, producing quality loans in California, and helping countless families with their home purchases and sale. For fun... Jason loves being outdoors and writing important tips on his blog (what you are reading now) and hangs with his wife kids and dog. IF YOU LIKE THIS CONTENT GO VIP HERE

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