Yesterday the Treasury successfully auctioned off $27 Billion in 7 year notes with bids being much higher then expected. As a result, the benchmark 10 year treasury note closed at a much lower 3.50%. This means that mortgage rates also moved lower (improved) today and will likely improve again early next week.
If you have been sitting on the fence, and were disappointed in missing the very low rates that existed 4-8 weeks ago, this may be your opportunity. Whether you are interested in refinancing or buying a new Marin home or condo in Marin, now might be a good time to explore your options especially since home prices are down and inventory is starting to rise in Marin County.
Below you fill find a summary of current rates. If you'd like to discuss these rates and available programs in greater detail, please feel free to call me directly at 415-388-6665.