Santa Barbara Real Estate

Mortgage Rates Fall to 3 Year Low
  • The average rate on the popular 30-year fixed mortgage hit 3.70% on Friday, the lowest since November 2016, according to Mortgage News Daily. That rate will likely dip even lower Monday, as bond yields continue to fall.
  • The drop last week meant that 8.2 million 30-year mortgage holders could likely qualify for a refinance and save at least 0.75% off of their current interest rate by doing so, according to a new tally by Black Knight, a mortgage software and analytics company.
  • While rates are now incredibly favorable for both refinance and home purchases, consumers still need to shop around for the best rate, and a full one-third of them are not, according to a new survey from Fannie Mae.
Mark Danforth Lomas

Share
Published by
Mark Danforth Lomas
Tags: Homes for sale Santa BarbaraMortgage RatesMortgage Rates Fall to 3 Year Low
6 years ago

Recent Posts

Housefishing

The Invisible Wall – Is “Housefishing” Breaking Real Estate? In the dating world, they call…

7 hours ago

Weekend Open Houses March 21 & 22, 2026

Explore this weekend’s featured open houses across the South Coast. From coastal retreats to hillside…

2 days ago

Your Dream Life Awaits: The 17th Annual Dream Big Raffle

This is a stunning property! A 5,000-square-foot custom estate in Calabasas for the price of…

2 weeks ago

All Cash Offers

The "all-cash offer" has become a buzzword that hides two very different animals: the Private…

3 weeks ago

Southern Santa Barbara Real Estate

Half of Homes Sold in 20 Days! Another week, another strong showing for the Southern…

3 weeks ago

Mortgage Interest Rates fall below 6%!

average 30‑year fixed rate recently hit 5.99%, matching its lowest point in more than two…

3 weeks ago