Santa Barbara Real Estate

Mortgage Rates Fall to 3 Year Low
  • 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.
Share this:
Mark Danforth Lomas

Share
Published by
Mark Danforth Lomas
Tags: Homes for sale Santa BarbaraMortgage RatesMortgage Rates Fall to 3 Year Low
5 years ago

Recent Posts

Lights, Camera, Santa Barbara Film Festival

The 40th Annual Santa Barbara International Film Festival is rolling out the red carpet Tuesday,…

2 weeks ago

Santa Barbara Real Estate Insights

The Santa Barbara real estate market in 2025 is quite dynamic and continues to attract…

2 weeks ago

Martin Luther King Jr.

You may be wondering why a real estate blog would post something about Martin Luther King.…

1 month ago

The Fire

Nearly a hundred thousand Los Angeles County residents are still under evacuation orders as of…

1 month ago

Welcome Angelinos

To our friends and neighbors affected by the recent devastating fires in Los Angeles, Santa Barbara extends…

1 month ago

Rent Control, Proposition 33, and Proposition 13

In this post we will address some of the pros and cons of Rent Control…

2 months ago