Santa Barbara Real Estate

"Practicing the Fine Art of Real Estate"

Santa  Barbara  Real  Estate header image 4

Entries Tagged as 'Mortgage Information'

Mortgage Lenders Easing Credit Standards

October 4th, 2017 · No Comments · Montecito Homes For Sale, Mortgage Information, Santa Barbara Homes For Sale, Santa Barbara Real Estate

More Mortgage Lenders are easing credit standards.  Shrinking demand and profits are causing more lenders to ease their mortgage underwriting standards in the wake of a highly competitive business environment. A Fannie Mae report says that the number of lenders who report relaxing credit standards over the past three months has been steadily climbing since […]

[Read more →]

Tags: ··

Mortgage Interest Rates

September 17th, 2017 · No Comments · Mortgage Information, Mortgage Interest Rates, Santa Barbara Real Estate

30 Year Mortgage Rate decreased to 3.78% compared to 3.82% last week. The 30 year rock bottom rate touched in last 10 years is 3.55% 15 Year Mortgage Rate decreased to 3.08% compared to 3.12% last week. The 15 year rock bottom rate touched in last 10 years is 2.86% 5/1 Adjustable Rate Mortgage Rate […]

[Read more →]

Tags: ···

Mortgage Applications leap nearly 10%!

September 16th, 2017 · No Comments · Mortgage Information, Mortgage Interest Rates, Santa Barbara Real Estate

Share this:

[Read more →]

Tags: ··

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 […]

[Read more →]

Tags: ···

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 […]

[Read more →]

Tags: ···

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 […]

[Read more →]

Tags: ···

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 […]

[Read more →]

Tags: ·

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 […]

[Read more →]

Tags: ··

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 […]

[Read more →]

Tags: ··

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 […]

[Read more →]

Tags: ···