Current Mortgage Rates For Santa Rosa

Since the death of Bin Laden, current mortgage rates for Santa Rosa remain under 4.75%!

For the last two weeks we have had a rally in current mortgage rates and you can now lock in the best mortgage since middle of 2010. Consumers are feeling stronger about the economy by pouring their money into the bond market. This phenomenon in the 15 days, coupled with the Fed’s commitment to buy mortgage bonds through the end of June means that consumers searching for home mortgages, can now lock in a competitive home mortgage rate on their loan. Consumers usually go online first just to see where current mortgage rates are for Santa Rosa. By doing comparative mortgage shopping, consumers can get a realistic range of of the local marketplace.

Here are current mortgage rates for Santa Rosa for using conventional financing:

30 Year Fixed 4.625%/4.679 APR
15 Year Fixed 4.125%/4.187 APR
5/1 ARM 3.75%/3.821 APR’
30 Year Fixed FHA 4.375%/APR 4.423

The Internet provides a terrific resource for folks looking for home loans. Use Google, or whatever search engine you use and see what is available from your local home mortgage bank. You’ll likely find that most mortgage lenders are usually similar to one and other with a small changes between rates and costs. For example you might find a lender offering a home mortgage rate on a 30 year fixed at 4.75% with zero points vs. another home mortgage bank who might be offering a 30 year fixed rate mortgage at 4.5% with 1/2 a point. You will notice for the extra upfront overhead you can secure a lower rate of interest on your loan. This will be beneficial if you can break even by the monthly savings generated by taking the lower rate of interest within 3 to 4 years. It certainly will make an impact in your monthly finances especially if you are going to live in the property or need the money for that matter time or longer. If you are looking for more of a short-term basis it might behoove you to consider doing a zero points loan and getting financing through the other home mortgage bank.

When you are searching for current mortgage rates for Santa Rosa, be aware of any home mortgage bank where the offer is too good to be true.

This is extremely important. This will depend on whether or not you are speaking with an actual home mortgage bank or you are speaking with a consumer lead aggregator like lending tree. Lending tree is not at bank neither is bank rate, these companies sell your information to the home mortgage bank, who is willing to pay the most for it. So it’s important to understand if you are being quoted current mortgage rates for Santa Rosa and they are way lower than all of the other competitors. There is always going to be bait and switch with internet folks. Lots of times Internet banks, will quote current mortgage rates for Santa Rosa based on what’s called a 15 day loan lock. The other term for it is a 15 day mandatory delivery. This means the lender is quoting you interest rate that they can only lock in on once the loan is approved. This is much different than a 30 day loan lock where you can lock in the best mortgage. A 30 day loan lock can be done right up front before the loan is approved thus protecting you against interest rate fluctuation because your home mortgage rate is secured for you.

Conduct the research online, then use a local home mortgage bank to get current mortgage rates for Santa Rosa.

When you are doing your online shopping, see where current mortgage rates for Santa Rosa are then, use a local home mortgage bank to actually do your loan. This is a guaranteed way to get the best mortgage. When working with a loan professional it’s important that you work with somebody who is local, understands the marketplace and is available to either meet in person or be readily accessible. Taking out a mortgage is a huge financial transaction and should be done with somebody who is a true professional. Beyond that, you need to make sure you feel comfortable giving your Social Security number to somebody thousands of miles away online.

Current mortgage rates for Santa Rosa can always be found here. Ultimately the best source for the most accurate depiction of current mortgage rates is Freddie Mac. This is because all loans are sold in the secondary market otherwise known as Wall Street. There’s a handful of portfolio lenders in the United States, everything else is sold in the secondary market. This means that all mortgage lenders have access to the same interest rates, the same lock time frames, 15, 30, and 45 days, and the same underwriting standards. In other words it’s very unlikely an Internet lender is going to be able to ethically offer a lower-cost mortgage then a local home mortgage bank when quoting current mortgage rates for Santa Rosa.
If you are searching for a competitive home mortgage rate and want nothing but the best mortgage, call Scott Sheldon. Scott is a six-year mortgage loan originator and works for a local home mortgage bank. Scott will give you current mortgage rates for Santa Rosa.

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When buying a home, it’s natural to want the lowest mortgage rate possible. But sometimes, chasing a slightly better rate from another lender—especially after your offer has already been accepted—can backfire in a big way. Let’s walk through a real-world scenario. You’ve got an offer accepted on a house. You’re working with a lender who has you approved, documents in underwriting, and a 21-day close of escrow in place. Everything is moving forward. Then you hear from another lender offering a rate that’s 0.25% lower, with slightly better closing costs. It’s tempting. But before you make a jump, here’s what you need to consider. Switching Lenders Comes with Time Costs When you pivot to a new lender mid-contract, they’ll need to: Re-underwrite your entire loan, Order a new appraisal, Disclose and sign new loan documents, Submit the file for final loan approval, Schedule and fund closing—all over again. This doesn’t happen overnight. Even in ideal circumstances, the new lender is likely going to need at least 25–30 days to close. If you’re in a fast-moving or competitive market, this is a real problem. Most sellers won’t grant a contract extension just because you’re switching lenders. So, what happens next? A Contract Extension Can Jeopardize Your Deal Asking for a contract extension means the seller must agree to delay closing. But that delay introduces risk—especially if the seller has backup offers or simply wants certainty. They may not grant the extension. Or worse, they could cancel the deal outright and take another buyer’s offer. Even if the seller agrees to extend, your earnest money and negotiation power could take a hit. And for what? A slightly lower rate that might save you $50 to $75 a month? Mortgage Rates Aren’t as Far Apart as You Think Here’s the truth: all mortgage lenders get their money from the same place—the bond market. The pricing differences between lenders usually range from 0.125% to 0.25% in rate on any given day. If one lender seems to be offering dramatically better pricing, the first thing you should ask is: How? Head over to FreddieMac.com and check the average 30-year fixed rate posted weekly. This is one of the most reliable benchmarks for where rates truly stand in the market. If a lender is quoting you a rate that’s well below that average, ask for the details: Are they charging extra points? Is this a teaser rate with a prepayment penalty? Is it based on a different loan product or risky structure? Often, what sounds “too good to be true”… is. Consider the Bigger Picture Think long-term. If you’re financing $600,000, a 0.25% lower rate may reduce your payment by roughly $75/month. But what if you lose the house and have to start over? That monthly savings doesn’t mean much if you’re outbid on your dream home or lose your deposit. Also, remember: you’re not going to keep this rate forever. Today’s homebuyers typically refinance when rates drop by about 0.75% or more. So if rates fall within the next year or two, you’ll likely be refinancing anyway. Instead of paying extra points now or risking the entire deal for a minor monthly savings, it may be better to accept a slightly higher rate—knowing you’ll refinance when the time is right. The Real Risk Isn’t the Rate—It’s the Delay When shopping for a home loan, don’t just ask, “What’s your rate?” Ask: Can you close on time? Is this rate sustainable or based on hidden costs? Will switching lenders delay or jeopardize my contract? A home purchase contract is a binding agreement between you and the seller to perform within a set timeframe. If you can’t meet those dates because you're chasing a slightly better rate elsewhere, you may want to reconsider if now is the right time to buy. Final Thoughts Yes, interest rates matter. But execution matters more. Before making a switch mid-transaction, talk to your lender. Have an honest conversation about pricing, timelines, and strategy. You might find that staying the course, securing the house, and planning to refinance later offers a better path to financial security. Want to Know Your Options? Let’s compare rates and strategies the smart way—without risking your dream home. 👉 Click here to get a custom rate quote today.

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5 Comments

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  3. […] there will be origination fees included which increases the cost of the mortgage. For example current rates today for traditional FHA loans are 4.375% for a 30 year fixed rate loan, compare that to an FHA 203k […]



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