30 Year Mortgage Rate Falls to Lowest Point Ever - A Record 3.94%

The average rate for a 30 year mortgage fell below 4% this week for the first time ever since they have kept statistics on this...to a record 3.94%.  Right now is

simply an extraordinary time for current owners to refinance or for buyers that are in the market to take advantage of these rates. The catch is that not everyone qualifies for such great rates.  It simply depends on equity or down payment, credit scores and a few other major items that banks are looking for.  If you fall into this category, congrats!!!  But even if you can not qualify for this crazy low rate, the "average person" will still qualify for a great rate that is undeniably attractive. Please feel free to call me if you need a recommendation for a great local lender here in Santa Barbara. Further Reading:

  1. Cort Report Summerland, Carpinteria, Goleta
  2. Sotheby's Int'l Realty - Santa Barbara and Montecito
  3. Is My Realtor a Santa Barbara Neighborhood Specialist?
  4. Santa Barbara Real Estate Market Statistics
  5. How Difficult is it to Get a Loan These Days?
  6. What Does $1 Million Buy you in Today's Market?

Subscribe: Receive Personal Listings of Santa Barbara Real Estate Search: The Santa Barbara Area MLS For information on Real Estate here in Santa Barbara, Montecito and/or our surrounding areas, as well as any other aspects of life in our area, please don’t hesitate to contact Kevin Schmidtchen at Sotheby’s Int’l Realty. Thank you for reading.  I hope you find Santa Barbara Real Estate Voice informative.  Please feel free to contact me or comment below with any thoughts.

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