Home Buyers Beware That Mortgage Rates Won’t Stay This Low Forever

Home Buyers at Orange County CA Beware That Mortgage Rates Won’t Stay This Low Forever

Mortgage loan costs.

Purchase money loan and mortgage rates remain incredibly low, and that’s great news for home buyers.

The FED has kept long-term rates down for several years.  However, that’s expected to change soon.

Home buyers must know that these mortgage rates won’t stay this low forever.

Mortgage rates quoted this week (as of March 21, 2014) as set forth below are very similar to those offered by lenders and mortgage brokers during June 2010 (three years and nine months ago).

Conforming Loans up to $417,000

30-Year fixed – 4.25%

15-year fixed – 3.125%

great mortgage interest rates
Expanded Conforming Loans Up to $625,500

30-Year fixed – 4.375%

15-year fixed –  3.375%

Jumbo Loans > $625,000

30-year fixed – 4.375%

15-year fixed – 3.375%

10/1 Fixed ARM – 3.375%

7/1 Fixed ARM – 2.875%

These rates are for buyers who qualify, pay one point and use down payment of 20% or more.   

won't last forever

By Harrison K. Long.  This is for information only and is not the providing of professional legal or real estate or mortgage lending services.  We do not provide mortgage loans or origination services.   Contact an experienced mortgage loan broker or lender for more information about a program to fit your needs.  For home loans at Orange County CA, contact Tim Sibley, Bank of Manhattan – at 949-874-0374.     

Coldwell Banker residential brokerage

Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA. Connect with us at 949-854-7747 with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

CONNECT WITH US

About Harrison K. Long

Professional real estate representative, Realtor, Broker associate, Evergreen Realty HomeSmart, Irvine and Orange County, CA. Real estate broker, CALBRE #01410855. Providing value and helping property owners, real estate investors, trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties and best decisions about homes and real estate - Orange County Association of REALTORs, member and prior service on board of directors from 2012-2014; California Association of Realtors, member and now serving on its board of directors; National Association of Realtors - Also an attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515.
This entry was posted in Home buying, Home buying or renting, Home buying Strategy, OC home value guide, OC Property news, Orange County home selling, Orange County home values, Orange County Property News and tagged , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply