Mortgage rates just hit 7.50%.
Six days ago: 7.17%.
Back in February: 5.99%.
That should tell you something important: rates can move FAST.
If you’re buying a home, be very careful about spending thousands of dollars upfront just to buy down today’s rate.
If the payment works, buy the house. If the market gives you a better rate later, refinance.
Don’t gamble thousands trying to predict the bond market.
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