Mortgage rates hit 7.37% today, the highest level since May 2024. 📈
But remember: we were closing mortgages in the low 8s in October 2023.
Be VERY careful spending thousands of dollars on points to buy down your rate today. On this rate rollercoaster, you could have an opportunity to refinance before those points ever pay for themselves.
Have questions about buying, refinancing, or tracking your mortgage rate in California?
Call or text 925-885-1919, request a video or phone appointment, enroll in free RateAnalyzer rate monitoring, or start our Quick Application.
Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate