November 17, 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 has been a top producing consultant in real estate and finance since 2003. Originating, conventional, government, portfolio and hard money loans throughout California for one of the top mortgage companies in the nation. Jason works directly with homeowners and purchases homes throughout the Bay Area with the purpose of adding value to older outdated homes. IF YOU LIKE OUR CONTENT GO VIP HERE

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