Milpitas North San Jose Berryessa Real Estate News

My daughter's school is teaching them about the Gold Rush in California.  It kind of make me relate to what I do recently.  It seems like everybody I talk to is considering refinancing his home.  Our loan processer at the office said that she has been processing so many refi docs she's ready to throw up if she sees another set.

It's a good thing, nevertheless, for the people I serve.  The never-seen low interest rates can really lower people's monthly payment from $100 to $500 or even $1000.  Yesterday's 30-yr fix for conforming loan (Less than $417,000) was 4.875.  This means if you have a rate that's higher than 5.3, you can save over $100 a month on mortgage payment. 

I think it's a good time for people to find their loan statement and take a good look at the interest rate they are paying and join the refinance rush.  It's a rush, for a very good reason!