Mortgage Interest Rate News 08-18-2015

Mortgage interest rates the last few weeks have been a bit on the “boring” side…..which is good news!  After several months of volatility we’re seeing some stability in mortgage rates.  California refinance rates remain in line with the rest of the country in terms of being stable and less volatile. Bond yields have declined the last few weeks while mortgage rates remain steady to slightly lower. Overall mortgage loan volume has declined as we enter the last few weeks before school starts (generally a slow period for mortgage loan origination).

The Fed is expected to raise rates in September so many lenders are being cautious as market reaction is not exactly clear.