Last week, we were fortunate to see an improvement in mortgage interest rates due to the stock market dropping significantly. With the stock market bouncing back, we are starting to see interest rates head slightly higher. If you get into escrow this week, we would advise you to lock your interest rate and take advantage of their current levels.
Mortgage interest rates for loans up to $625,500 are currently at 4.0% APR. Our Jumbo Loans (exceeding the $625,500 mark) are starting at 3.75% APR for qualified borrowers.
Have questions regarding what interest rate you would qualify for? Or need a second opinion? Contact Thomas and Micah at (626)636-5061 or (818)808-8835