Mortgage Rates at 16-Month Lows

Mortgage rates are the lowest they've been since June 2013, and we are seeing some mortgages quoted at less than 4%, according to Bankrate.

The lower rates are largely due to the info released in yesterday's Fed minutes (rates were low yesterday, too), and to make a long story short, because many investors bet that rates would be higher in 2014, but they are not.

Here's a quick chart for those that want a visual:


Property has rarely been so affordable, and It's a great time to make a move! If you or anyone you know may want to buy or sell property, please let us know!

Cindy Holmstrom

Cindy Holmstrom
Broker CRS CDPE

Office
858-361-6164

Fax
866-444-0436

Email

Calif Brokers License CA BRE #01026343

Mary Stukey-Cader

Mary Stukey-Cader
REALTOR®

Direct
858-254-6954

Fax
866-444-0436

Email

01342904

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