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Entries Tagged as 'Mortgage Information'

Mortgage Rates Continue To Dip

August 18th, 2017 · No Comments · Mortgage Information, Santa Barbara Real Estate

Over the past week, mortgage rates dropped to 3.89%, a drop of just one basis point (0.01%) from the previous week. That sort of decrease is so small that some home buyers aren’t going to notice any type of difference in rates in their area. The good news is that mortgage rates aren’t rising. For […]

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Mortgage Rates Rise Slightly

August 5th, 2017 · No Comments · Mortgage Information, Santa Barbara Real Estate

Expectations for the economy are improving, and GDP is expected to rise by a healthy amount this quarter.  However, fears still remain, and this has kept mortgage rates relatively flat. Over the past week, mortgage rates increased to 3.93%. This is an increase of just one basis point (0.01%) from the previous week, so it’s […]

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Interest Rates Update

April 13th, 2017 · No Comments · California Real Estate, Mortgage Information, Santa Barbara Real Estate

Painting by Chris Potter Santa Barbara Artist Extraordinaire Continued strength in the labor market could lead the Federal Reserve to continue gradually raising interest rates. Mortgage rates, however, have declined for three straight weeks following the Fed’s early March announcement that it would raise rates; 30-year, fixed-rate mortgages currently stand at 4.10 percent, according to […]

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Mortgage Rates Dip for Second Week as Inventory Falls to All Time Low

April 3rd, 2017 · No Comments · California Real Estate, Home For Sale, Mortgage Information, Santa Barbara Homes For Sale

Mortgage Rates Dipped for the Second Straight Week:  Though higher rates and fluctuations don’t appear to be stifling home sales yet.   According to Freddie Mac, 30-year, fixed-rate mortgages averaged 4.14 percent for the week ended March 30, down from 4.23 percent the previous week. Fifteen-year, fixed-rate mortgages averaged 3.39 percent, decreasing from 3.44 percent on a […]

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Thinking of Refinancing?

December 8th, 2016 · No Comments · Mortgage Information, Real Estate News, Santa Barbara Real Estate

Santa Barbara Coastline by local artist Chris Potter Homeowners hoping to refinance are advised to act soon as the Federal Reserve is likely to call for an interest-rate increase soon.  ATTOM Data Solutions says that there were a total of 876,633 refinance originations in the third quarter, a year-over-year increase of 16 percent. In a statement […]

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Home Loans Enter Uncertain Era

November 15th, 2016 · No Comments · California Real Estate, Mortgage Information, Santa Barbara Real Estate

Wall Street Journal – November 14, 2016    “ The remak:ing of U.S. politics also is likely to upend the nation’s mortgage market. There are two reasons why: Interest Rates and Regulation. Changes in these areas could affect the course of the housing recovery, the availability of credit to borrowers and the extent to which lenders are willing […]

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Mortgage Rates Lowest in 40 Years

September 26th, 2016 · No Comments · Hope Ranch Realtors, Montecito Realtors, Mortgage Information, Santa Barbara Realtors

Afternoon Contrast at Butterfly by local artist Chris Potter This year’s mortgage rates are the lowest in more than 40 years. Some analyst predict that the Federal Reserve will raise interest rates later this year, but they should still be at their lowest levels since many of today’s homebuyers were born.  That’s according to Freddie […]

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Turning the Key on Mortgage Rates

July 25th, 2016 · No Comments · Mark Lomas and Kirsten Wolfe, Mortgage Information, Santa Barbara Real Estate

When the Feds lowers the federal funds rate, lenders can finance home loans more cheaply. As a result, they can reduce the interest rates they charge for a fixed rate mortgage. In recent years, the Fed has kept the federal funds rate low in an attempt to stimulate the housing market.  Basically, the Fed is […]

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Mortgage Watch January 2016

January 31st, 2016 · No Comments · Mortgage Information, Santa Barbara Real Estate

For week of January 21, 2016 MORTGAGE RATES DIP TO 3-MONTH LOW Mortgage rates have declined every week so far in 2016 and are currently at their lowest levels since the fall, a fact that could help motivate hesitant homebuyers who have been sitting on the fence. That’s according to the most recent numbers from […]

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Feds Raise Interest Rates

December 16th, 2015 · No Comments · Mark Lomas and Kirsten Wolfe, Market Conditions, Mortgage Information, Santa Barbara Real Estate

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