California Mortgage Rate News: Nov. 30, 2017

Published on November 30, 2017

– 3 min read

What’s going on? Rates continue to hold steady

Once again, mortgage rates remain relatively unchanged for both this week and last. This is in part due to Congress having been on recess and the market having a short week last week for the Thanksgiving holiday. It’s very typical that rates remain steady during the holiday season.

That said, rates did increase ever so slightly yesterday, due to Fed Chair Yellen’s statement which pointed to “increasingly broad based” economic growth in the US.

What does it mean? The December rate hike is nearing

The December FOMC meeting will take place on December 12th and 13th, and a decision on the December rate hike will be announced shortly thereafter.

Why should you care? You might have one more item on your holiday list

With a December rate hike on the horizon, your window of opportunity to refinance with a lower rate could be narrowing. If you’re tempted to postpone until after the holiday season, you could be missing out.

Homebuyers, Winter could be your time to snap up the home of your dreams with dreamily low interest rates too.

Jack Rong
Jack Rong works in Capital Markets and Investor Relations at Clara with prior experience managing agency mortgage portfolios at Barclays. When he isn’t thinking about mortgage math, he enjoys playing basketball and volunteering at the Boys and Girls Club.
Want to know how much house you can buy? Calculate Home Affordability
Clara

Clara is an online lender helping individuals and families finance their lives in a more efficient, transparent and empowered way.

Learn More

The Clara Team is Now Part of SoFi

We are excited to announce that the Clara team is now part of SoFi. Three years ...
We are excited to announce that the Clara team is ...
1 min read

Questions to Ask a Home Inspector

Before you buy a home, it’s important to order a home inspection from a profes...
Before you buy a home, it’s important to order a...
4 min read

Negotiating After Home Inspections

After a home inspection, you as the buyer are in a position to think through the...
After a home inspection, you as the buyer are in a...
3 min read