Home Buying in Orange County CA – 30 Year Mortgage Rates
Home Mortgage interest rates for 30-year fixed mortgages fell once again this week, with a rate borrowers being quoted on websites such as Zillow Mortgage Marketplace at 3.91 percent, down from 3.92 percent this same time in the previous week. This interest rate represents the lowest rate recorded since the launch of Zillow’s Mortgage Marketplace in 2008. The previous low was 3.92 percent, first recorded back on Aug. 10, 2011.
The 30-year fixed mortgage rate remained below 4 percent level for most of last week, fluctuating between 3.92 and 3.99, until climbing to 4.09 percent just yesterday. The intereest rate quickly returned back to 3.92 percent during the same day and then climbed one last time before dropping suddenely to the current rate this morning.
In addition, the 15-year fixed rate mortgage rate this morning was 3.12 percent and for 5/1 Adjustable Rate Mortgage’s (ARM’s), the rate was only 3.48 percent.
All signs are pointing to one of the countries best real estate buying opportunities in many years. If you are thinking of purchasing a home anywhere in Orange County California, there may not be a better time than now, with these interest rates at all time lows and home prices at 6 and 7 year lows.
Cities such as Ladera Ranch CA, Mission Viejo, San Juan Capistrano, Coto De Caza and many others have excellent home buying opportunities right now.
The choices of Short Sale Homes, Bank Owned Homes and Foreclosure opportunities are plentiful in these outstanding neighborhoods.
For more information about home buying opportunities in these areas call mark (949) 292-5511 or Deborah (949) 292-5509
