Today's Mortgage Rates (FreeRateUpdate.com) -- 30 Yr Fixed 4.750........15 Yr Fixed 4.250.........5/1 ARM 3.625...........FHA 30 Year Fixed 4.750...........Jumbo 30 Year Fixed 5.625....... - Mortgage rates are stable.


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California Mortgage Resources -

  • Senior Loan Officer Mark Simons – Specializing in Residential Mortgages for Northern California borrowers, a Zillow.com Lender. For a free rate quote contact Mark by phone at (925) 890-4361 or email him.

Current Mortgage Rates: California Mortgage Rate Update

By: Mark Simons | March 12, 2010 at 10:28 am

March 12, 2010 (FreeRateUpdate.com) - Rates for our POV* came out today and stayed without any major Wholesale Lenders repricing. Conforming rates (up to $417K) are  at 4.75% and Conforming Jumbos (up to $729,750) are holding at 4.875%. Super Jumbos (up to $2 million) are at 5.75% . Questions and comments are always welcome at lololoans@yahoo.com My FICO score is WHAT????: Besides the Loan to Value ratio on the loan you are shopping, THE biggest qualifier is of course your Credit… Read more

Mortgage Interest Rates: CA Mortgage Interest Rate Update and RateRumble?

By: Mark Simons | March 4, 2010 at 4:11 pm

(FreeRateUpdate.com) – Rates for our lovable POV* Loan came out and 3 of my major Wholesale Lenders repriced for the better today. Which just reinforces the rest of this nugget o’ info.  If  you are shopping a loan JUMP on it now!  Conforming Rates at 4.75% with JUMBO Conforming at 4.875%.   True JUMBOS at 5.75%.   As always jokes, recipes and oh yeah, loan scenarios are welcome at lololoans@yahoo.com Ok so which way is UP?I figure pretty gush darn soon there Cowboys and… Read more

Today’s Mortgage Rates: California Mortgage Rate Update and a Little Mortgage 101

By: Mark Simons | February 25, 2010 at 3:38 pm

SAN FRANCISCO, CA — Feb. 25, 2010 ( http://www.freerateupdate.com/ ) - Rates for today’s POV* came out and stayed out with no major Wholesale Lenders repricing one way or the other. Conforming loans at  4.75% and Jumbo Conforming at 4.875%. SUPER Jumbos at 5.75%. As always, jokes, recipies and loan scenarios are welcome at lololoans@yahoo.com . Which way is UP?  Although there have been recent signs of recovery in the Housing Market, the grim fact is that a huge number of… Read more

Today’s Mortgage Rates: Northern California Mortgage Rates and the Little Rate Schoolhouse

By: Mark Simons | February 18, 2010 at 5:38 pm
mortgage rates

SAN FRANCISCO, CA — Feb. 18 (FreeRateUpdate.com)  - Rates for our POV* Mortgage product came out today and repriced for the worse with most Wholesale Lenders. In fact one Lender had a two reprices within 18 minutes of each other! More on that later. Conforming Rates at 4.875% with Jumbo Conforming Rates at 5.0%  SUPER Jumbos at 5.75%.  Questions and scenarios are always welcome at lololoans@yahoo.com Did the rate increases have anything to do with the Fed’s action today?… Read more

Today’s Mortgage Rates: Mortgage Rate Update and a Little Mortgage 101

By: Mark Simons | February 11, 2010 at 5:51 pm

SAN FRANCISCO, CA — Feb. 11 (FreeRateUpdate.com) - Mortgage rates today for your ever popular POV* came out and STAYED out without any major Wholesale Lenders repricing one way or the other. Conforming rates at 4.75% and Jumbo Conforming at 4.875%. SUPER Jumbos at 5.75%.   And as always you can shoot questions or scenaros to me at lololoans@yahoo.com Mortgage 101: “so wait,  the AD said 4.35% so why…”  Why the difference on what you may be quoted at the end? Because Ads usually base… Read more

Mortgage Rates: Northern California Mortgage Update…and the wacky ratio!

By: Mark Simons | February 4, 2010 at 3:34 pm

Rates for our lovable POV* came out today and stayed steady with no major Wholesale Lenders repricing one way or the other. Conforming Loans (up to $417K) are at 4.75% and Jumbo Conforming (up to $729,750.00 here in most of the San Francisco Bay Area) at 5.0%. SUPER Jumbos (usually up to $2 million) at 5.875%. As always  questions or comments welcomed at lololoans@yahoo.com Do the Tighten Up!  Great old R&B song with some funky geeetar. Oh! Sorry. I went away there for a moment. The… Read more

Mortgage Rate update for Northern California

By: Mark Simons | January 28, 2010 at 3:37 pm

Rates came out today and stayed steady with none of my major Wholesale Lenders repricing today one way or the other. Rates for our ever-lovin’ POV* Conforming Rate is 4.75% and Jumbo Conforming at 5.0%  SUPER Jumbos up to $2 million at 5.875%. As always questions or scenarios can be sent to me at lololoans@yahoo.com You, Mr. and Mrs. Savvy Borrower, have duly noted that rates have been holding steady for awhile now. Well remember,  the rate is not the ONLY thing one has to consider when… Read more

Mortgage Rate Update for Northern CA

By: Mark Simons | January 20, 2010 at 3:33 pm

Greetings from the Soggy San Francisco Bay Area! I will start today’s lesson with a few ground rules for my upcoming weekly Blogs. Not only is my company a Direct Lender, but I am approved with over 100 Wholesale Lenders as well. When I quote my rates it is a compilation/average of my top ten “go-to” Wholsale Lenders including First Capital Alliance. These rates will be based on “par” pricing…ie a discount point cost to the Consumer and all are fixed rate.  I look forward to… Read more