July 13, 2024

Home Mortgage Rates Increase

Home Mortgage Rates Increase - Housing Market 2023 -2017 San Diego real estate

On Monday, home mortgage rates climbed to near a 22-year high.  Yes, the average of nationwide rates for a 30-year fixed rate, new purchase loan with an 80% going to value and a 770 to 760 FICO score, and no discount points was at 7.82%. Now, keep in mind, home mortgage rates very widely between various lenders. This is why if you are seeking a home mortgage loan it pays to shop at least three reputable lenders in your area.

Home Mortgage Rates Increase

Home Mortgage Rates Increase - San Diego real estate market

Now, if you’re thinking of refinancing your loan the national average mortgage rate with a loan to value ratio of 80% and then owner who has a FICO score between 700-760, with no mortgage points involved, would run approximately 8.125% for a fixed rate 30-year refinance. Now the same rate for an FHA 30-year fixed, was running approximately 7.92%. Also, for a 15-year fixed, the refinance rate was running approximately 7.2%.

Home Mortgage Rates Increase

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  • DISCLAIMER:

    Some of the links in this description and in our videos may be affiliate links, and pay a small commission if you use them, but never increase the basic cost. I really appreciate the support. The content in my Youtube videos SHALL NOT be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. I am a not financial adviser. I only express my opinions based on my experiences. Your experience may be quite different. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. There is NO guarantee of gains or losses on any investments. My produced videos are for entertainment purposes ONLY. DO NOT make buying or selling decisions based on these videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer, financial advisor, or the appropriate professional for the subject you would like help with.

  • Although no longer a licensed California real estate broker, Bob’s 30 plus years of experience in the real estate industry with all the contacts that he has developed,  he is able to provide referrals to the top real estate professionals in any state within the United States.  So, although you can’t get Bob to represent you personally, Bob can select a top real estate professional with years and years of experience to ensure that you get the best possible representation.