Sacramento Mortage rates going down

I was too busy to write any posts in 2020 and 2021. The housing market was very slow at the end of 2022 and now it is picking up again. Mortgage rates are going back down from the rapid increase in rates from April 2022 until October 2022. This is great new for the housing market. Home values really took a steep drop from May 2022 until January 2023. We might finally see the drop in values stop this spring as rates go lower and more buyers can afford to buy a home.

I finally am quoting FHA mortgage rates below 5% after they hit 7% in the last quarter of 2022. Now more buyers should be able to qualify for a home loan as prices have dropped and mortgage rates around Sacramento have dropped. I am available to answer any questions about Home loans in Sacramento at my cell phone 916-261-2381. I am a licensed loan officer and my nmls number is 1037464. All the Mortgage Lenders in Sacramento were very bored at the end of 2022 so these lower rates will get the phones ringing again.

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