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Pasadena Mortgage Rates hit record low!

Pasadena Mortgage Rates hit record low!

A couple of weeks ago, I urged all my friends and clients to review their existing financing.  Pasadena mortgage rates have been dropping steadily and are now way below 5% if you have good credit.

30 Year Fixed Pasadena Mortgage Rate Hits Record Low. In the most recent survey period, mortgage rates plunged amid fading inflation concerns, more economic bad news and the Fed’s historic rate cut.

The Fed’s next meeting is scheduled for January 28, at which time we expect the Fed rate to stay unchanged.

Here’s a rate sheet from Wells Fargo with Pasadena mortgage rates as of December 19,2008

Maximum 1 pt. Rate 0 pts. Rate
30 Yr. Fixed $417,000 4.5 4.875
15 Yr. Fixed $417,000 4.375 4.75
5/1 Fixed $417,000 5.25 6.625
30 Yr.  Fixed $417,001 – 625,500 4.75 5
15 Fixed $417,001 – 625,500 4.625 5
5/1 Fixed $3,000,000 5.5 5.875
30 Yr. Fixed $3,000,000 6.5 6.75

If you are interested in refinancing and need a referral to a mortgage rate consultant, please email me at

And, don’t forget, the same rates apply when you are buying your Pasadena home or Pasadena condo.  Give me a call to see if now is the right time for you to buy your home.

Irina Netchaev is a licensed California real estate broker and has a team of Pasadena realtors.  Irina can be reached at 626-627-7107 for a private consultation.

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Posted on December 22nd, 2008
Posted by: Irina Netchaev

  1. Pasadena and South Pasadena real estate deals available to home buyers | Pasadena California Real Estate Market Resource

    […] Pasadena real estate prices have dropped to the 2005 pricing levels. Interest rates are the lowest in 50 years! […]

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2100 Huntington Dr #2

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