Mortgage Rate and Predictions in California
When looking for the lowest possible mortgage rates many borrowers would like to know where rates have been and, more importantly, where they are going. This resource will feature some mortgage rate predictions we make. If you want current mortgage rates contact us a 1-866-260-2253. If you are looking for a low down payment mortgage please use our resource on California FHA home mortgage loans.
You will find links to several resources throughout this article. Feel free to click on any link to get more information related to the topic.
If you have any questions as it related to refinancing, getting your first mortgage or just general home loan questions do not hesitate to reach out to us at any time.
2016 Mortgage Rate Forecast and Predictions – It is time to start thinking about the year ahead. In the fall of 2015 the 10 year yield is struggling to find a direction. Most economists feel as if yields will start moving higher with the improved economy but that has yet to happen. While 10 year yields have moved above their 50 and 200 day moving averages it is still the case that we have yet to see a strong move higher. We will continue to monitor this so you will know where California mortgage rates are going in the near future.
October 2015 Mortgage Rate Predictions – The 10 year yield tried to get into an uptrend when it blasted through its 50 and 200 day moving averages but there has been quite a bit of consolidation over the last few weeks. Average 30 year fixed mortgage rates have been stable because the 10 year yield is not making a significant move to the upside or downside. It might take a few more weeks to get an overall direction of the 10 year yield and mortgage interest rates.
August 2015 Mortgage Rate Predictions – In the early part of July 2015 mortgage rates have dropped as the 10 year treasury rate yield has dipped to the support level at its 50 day moving average. We feel as if this average will hold and overall interest rates are going to move slightly higher over the next few weeks. As we get closer to the school year it will be interesting to see where the average 15 year and 30 year conventional mortgage rate is.
July 2015 California Mortgage Rate Predictions – The 10 year yield has pulled back from its yearly highs but it is still above the 50 and 200 day moving average. Both the 50 and 200 day moving averages are now trending higher; this means we could see bullish action from both the 10 year treasury rate yield and the 30 year fixed mortgage rate. Do not be surprised to see rates move sideways to higher in the next 30 to 60 days. We will keep you updated on the overall movement of the 10 year yield in the days and weeks to come. Look for Westlake Village, Thousand Oaks, Simi Valley and Oxnard, California rates to remain at attractive levels but trend higher in the near future.