- The average rate on the popular 30-year fixed mortgage hit 3.70% on Friday, the lowest since November 2016, according to Mortgage News Daily. That rate will likely dip even lower Monday, as bond yields continue to fall.
- The drop last week meant that 8.2 million 30-year mortgage holders could likely qualify for a refinance and save at least 0.75% off of their current interest rate by doing so, according to a new tally by Black Knight, a mortgage software and analytics company.
- While rates are now incredibly favorable for both refinance and home purchases, consumers still need to shop around for the best rate, and a full one-third of them are not, according to a new survey from Fannie Mae.

About Mark Danforth Lomas
This author hasn't written their bio yet.
Mark Danforth Lomas has contributed 583 entries to our website, so far.View entries by Mark Danforth Lomas
You also might be interested in
The Santa Barbara Real Estate market continued to reflect trends that have been with us all year: relatively few homes for sale, higher mortgage interest rates, and a gradual cooling from the very hot market we experienced during the height of the pandemic. Median prices and numbers of sales often flatten or decline in late summer into January compared to spring and early summer months. The market seems to have moved into this pattern. At the same time, continued interest rate increases and other factors are putting pressure on prices, offset to a large degree by a low supply of available homes for sale (inventory). For more information including Videos and Statistics click Read More below.
Mortgage rates have fallen since last Thursday reported Credible.com which[...]
The benchmark fixed rate on 30-year mortgages now sits at[...]
Contact Us
About Us
Analyze Your Investment
iAnalyzeREI: Real Estate Investment Analysis
Santa Barbara Links
- City of Santa Barbara
- County of Santa Barbara
- Culture Santa Barbara
- Debris Flow Maps
- FEMA MAP
- Montecito Journal
- Noozehawk
- Pearl Chase Society
- Ready Santa Barbara
- Santa Barbara Magazine
- Santa Barbara Realtors
- Santa Barbara Zoo
- Santa Barbara's "Lotusland"
- Santa Barbara's Hiking Trails
- Santa Barbara's News Press
- SB EdHat Local News
- SB Farmers Markets
- SB Independent Newspaper
- SB Museum of Natural History
- SB Public Libraries
- SB Senior Care Guide
- SB's KEYT Television
- Senior Care Resources
- Senior Guide to Medicare Benefits
- Siteline Santa Barbara
- The Mojo aka The Montecito Journal
- The Montecito Association
- Unity Shoppe
Categories
Archives

This website is not the official website of Sun Coast Real Estate. Sun Coast Real Estate does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this website. Real Agents affiliated with Sun Coast Real Estate are independent contractors and not employees.
3112 State Street, Santa Barbara, California 93105
Mark Lomas BRE 00898298
Kirsten Wolfe BRE 01309570