Monthly Archives: September 2019

Interest rates drop by 1/4% in Rocklin

The federal reserve has dropped interest by a 1/4% again today. This is the third 1/4 point drop in 2019 and the last. This news really helps large business’s and bank the most because it drops the lending rate that banks lend to each other. It should help the prime lending rate drop by 1/4% which is great if you have a adjustable rate mortgage tied to the prime rate. Mortgage rates have held steady this summer in the mid 3% range. I have been able to get homeowners rates below 4% along with a lender credit to pay for the closing costs. Mortgage rates should stay the same until the end of the year with only a small hope they will go lower. If you want to find exactly what your mortgage rate will be, you can call or text me at 916-261-2381.

If you are looking for a mortgage broker in Rocklin, this website is the place to look. We have many different lenders to choose from to find you a loan program that best fits your needs.

Mortgage rates are low in Rocklin CA

Home mortgage rates in Rocklin CA are still lower in 2019 compared to 2018.I just helped a homeowner get a 3.625% thirty year fixed rate in Placer county. They refinanced their house and lowered their house payment by $215.0 per month. I can not believe how low rates are considering that the economy is still running strong. I dont know how long rates can stay this low so if you want to find out how much money you can save by refinancing, please call me at 916-261-2381. Here is a video talking about how home flippers are using mortgages more in 2019 because the rates are so low. When home prices were a lot lower around the Rocklin area, many of the fixer upper homes were purchased with cash. We have seen a steady increase in values since 2012 so it is tougher for investors to come up with enough cash to buy a house.