Mortgage interest rates March 21 2017

It’s Spring; and California mortgage rates are declining as the bond market rallies.  From November 2016 until March 2017; the bond market has been under pressure and so has mortgage rates.  During that time California mortgage rates increased about .50% and with some lenders even more.  Lenders witnessed massive slow downs during a typically slow time as many buyers and those looking to refinance held off on moving forward with a new mortgage.

The low California mortgage rates from the Summer of 2016 may not return any time soon however historically speaking we’re still seeing mortgage rates way below the 20-30 year average.  As we move into April we may see further mortgage rate improvements if the bond market continues to rally in the next 2-4 weeks.  If  you are interested in receiving a new cost/no obligation mortgage rate quote for refinance of a current mortgage or for the purchase of a new home please contact JB Mortgage Capital, Inc. at 1-800-550-5538.